No one is talking about a Ponzi on ETH, but I think I found the one. Markets are down bad, attention is dead, and that’s usually when the dumbest setup starts printing out of nowhere. There’s no better setup than money coming from thin air.
Heres another gem the fanboys keeping throwing at me:
"Strategy doesnt need to sell its Bitcoin. They can just suspend off the dividend."
Okay. Let's actually walk through what that means.
Not for them. For you, the person holding the thing.
Quick plain English first.
STRC is a "preferred share." Think of it as a posh IOU that pays a monthly income, 11.5% right now.
"Suspend the dividend" just means the company stops paying you. And here's the first gut punch, straight out of their own legal docs: the board can stop paying for any reason it likes.
No excuse needed. It's not a default. Nobody broke any rules. They just stop.
"But hang on," people say, "STRC is cumulative. So even if they skip it, they still owe me. It builds up. I get it later."
True. The skipped money doesnt vanish. It stacks up, even grows on paper. Sounds safe enough.
Here's the catch nobody mentions. There is no due date. None. Nothing on earth forces them to ever actually pay that pile down. No maturity. No one can drag it forward. No court can demand it. It's an IOU with no deadline that you have zero power to enforce.
It's like a credit card you can keep spending on and never pay back.
So picture it: they suspend, the number you're owed climbs on a screen, months pass, years even, and you wait for cash that has no obligation to ever show up.
And they can shrink it. The fine print lets them grind the rate down over time. Drop the payout low enough, pay you that titchy amount, and the so called "protections" never even switch on.
Their own prospectus admits the safeguards "could be inadequate." Their words.
Now the part that should worry anyone further down the ladder.
There are weaker shares sitting below STRC.
STRK and STRD. Freeze STRC and those two freeze with it, automatically. STRK at least keeps its IOU. But STRD is "non-cumulative." Every payment it misses is gone.
Forever. No pile up, no catch up, no IOU. And STRD waves around one of the fattest yields in the whole range. Sold on that big number. A suspension quietly sets fire to it.
"But surely there are protections!"?
What protections?
The big one everyone points to stops the company paying its ordinary shareholders, or buying back ordinary stock, while you sit unpaid. Sounds like a proper handcuff.
Except they dont pay ordinary shareholders a dividend. Never have.
And they dont buy back stock, the whole game is selling stock to buy Bitcoin, not buying it back. So it handcuffs them from doing two things they were never going to do. Does nothing for you. Not a penny in your pocket.
And no, you cant vote your way out. The preferred barely gets a vote, and not on anything that matters.
Meanwhile one bloke, Saylor, swings about 38% of the company's votes off a 6% slice of actual ownership (super voting rights), through special shares he owns 99.9% of.
Even the ordinary owners cant easily overrule him. You? You're not even in the room.
So to the crowd saying "relax, they'll just suspend the dividend, no biggie," hear what they actually said.
The plan, when things get rough, is to switch off your income. Not theirs. Yours. And the further down you sit, the worse it is. The layer below you loses its income for good.
"They can just suspend the dividend" was never a safety net.
It IS the risk.
Let's say the quiet part out loud:
your "high yield savings account" can be switched off at will, owed to you forever on a screen, with no deadline, no way to force it, and no vote that counts.
Sleep tight.
🚨Confirmation of a massive potential ZEC exploit
TLDR:
- ZCASH hired a security researcher to try to find exploit vectors
- The researcher (Taylor Hornby) found one that would let him create unlimited counterfeit ZEC in a shielded pool
- The exploit is now fixed as of June 1
- There is no way to know if the pool was exploited BUT the team feels that it is unlikely
- They're proposing a network upgrade with new accounting that would prove whether any counterfeit ZEC was created or not
Market clearly spooked with ZEC down 25%
Chutou, a dog influencer with 1.5 million followers on Chinese social media, went missing only for its owner to later discover that it had reportedly been sold for just $34 in a dog meat market, leaving him devastated and in tears
A famous Border Collie with over 1.58 million followers was allegedly stolen, sold to a dog meat restaurant, and eaten
Chutou was taken by a thief who told his owner "The dog is dead, so stop making a fuss. I did not break the law"
I am inevitably pulled back into digital assets for the time being because, in usual crypto style, there is yet another incredible financial crisis unfolding before our eyes
MSTR has 900M USD in reserve. This covers 6 months of dividends. LMAO.
I don't need the price to go up today. I need it to go up before retirement. Every candle is either a buying opportunity or an even better buying opportunity Retail is panicking exactly when it shouldn't The bear case is already priced in. Future me is begging current me to buy more. Wake me up when we're making new all-time highs. We're not down 20%. We're up 300% from a different arbitrarily selected point on the chart.
The question I get the most from people outside of solana:eL5fUxj2J4CiQsmW85k5FG9DvuQjjUoBHoQBi2Kpump is:
“Is Ron still around?”
Yes, mfer.
He’s been here since day one, showing up every single day, and he has probably outperformed everyone in this space when it comes to consistency.
The trenches needs something like $UFD to moon
Need a true belief coin to giga send to offset this hyper rotational bullshit going on and reward believers again
@BasementRon has gone live almost 500 days straight
He is a constant/consistent figure on a coin that is a feel good in a space surrounded with toxicity and shadiness
The coins message honestly oozes last cycle memetics, simple message and feels like an ethical store of value
It’s a 1 of 1 right now
Let’s predict the future
10 year anniversary of $harambe ‘s passing is May 28th 2026
Elon will likely tweet about this anniversary
Probably the last big catalyst for Harambe, but this is too cheap. I anticipate other people will probably try to front run this. Front run them
Today, we remember a legend.
On this day in history, Harambe would have celebrated another birthday. An icon that became part of internet history, American culture, and an entire generation’s timeline.
Tomorrow marks 10 years since we lost him. Ten years since the moment the world stopped scrolling and collectively mourned something bigger than a meme.
He became a symbol of loyalty, strength, chaos, unity, and the strange beauty of the internet bringing millions of people together for one cause: never forgetting Harambe.
Everyone remembers where they were when they heard the news. And somehow, a decade later, his legacy still lives on.
Gone, but never forgotten.
Rest easy to a true patriot. 🕊️🇺🇸
May 27, 1999 — May 28, 2016
Forever in our hearts.