21st century technology for a 21st century financial system. Not gold. They are “coins” that are divided into bits. Little bits of code. They can be traded p2p and secured with a decentralized computer network. They are little bits of coin. #bitcoin
Tech execs are saying AI will create a "permanent underclass."
Not on my watch. We need to:
Close loopholes rewarding AI over workers.
Wealth tax—CEOs shouldn't pay a lower rate than workers.
Tax AI data centers.
AI's success belongs to everyone.
"I don't see any scenario where you'd really want to own MSTR stock right now, given how dire the options are"
Jeff Dorman ranks the Strategy capital structure from safest to riskiest
"In a worst case where MicroStrategy defaults, you'd want to own the debt first. If you have $56 billion of Bitcoin backing $7 billion of debt, you're fully covered. Those would rise to par immediately if you thought default was imminent. That's the safest place"
"The next safest is the preferred. There's only $15 billion of preferreds on top of $7 billion of debt, backed by $57 billion of Bitcoin. In a default you'll get your money back. But people buy them for the dividend, and if you cut it they fall 30 or 40 percent"
"If you think default is four years out instead of one year and you can get 12 percent per year while you wait, that might be worth it. But the MSTR stock is the hardest one. I don't see any scenario where you'd want to own it right now"