Raphaele Chappe

Building a more democratic financial system | The future of digital money & market making, liquidity, financial stability. Economics Ph.D.

[Raphaele Chappe @raphaelechappe]

@askildriga @InfodefenseFR Quel dédain et mépris vous avez pour les agriculteurs! Regardez-vous dans une glace avant de traiter les autres d'abrutis.

[Raphaele Chappe @raphaelechappe]

@Renoisdedroite Bravo et merci pour votre courage. Et tout cela montre que ce n'est pas une question de race! Des africains comme vous, qui respectent et veulent contribuer au pays, oui on en veut en France!

[Raphaele Chappe @raphaelechappe]

@anatolium Vous êtes décevant. Vous avez perdu tout mon respect sur ce coup là.

[Raphaele Chappe @raphaelechappe]

@ysi_commons Terrible news. I have learned so much from him. He was a great mentor who took interest in young scholars. What a loss!

[Raphaele Chappe @raphaelechappe]

@brivael Aujourd’hui, cette place est beaucoup plus indéterminée, et cette indétermination est profondément anxiogène, surtout à mesure que l’IA remet en question la valeur économique du travail de beaucoup de gens.

[Raphaele Chappe @raphaelechappe]

@brivael C’est une excellente explication de l’échec des projets de société qui ignorent la nature humaine. Mais tout le monde n’est pas un builder. Les sociétés anciennes, pour le meilleur et souvent pour le pire, assignaient à chacun une place relativement définie.

[Raphaele Chappe @raphaelechappe]

@saylor These videos, with Michael's voice in different languages, are fabulous! It really sounds like him with that québecois accent 😂

[Raphaele Chappe @raphaelechappe]

@kir1llllll Fanfan la tulipe

[Raphaele Chappe @raphaelechappe]

@hicasamadim 72

[Raphaele Chappe @raphaelechappe]

@PeterSchiff @phongle No, it's not a Ponzi. A Ponzi would entail using new investor money to pay returns to old investors, while lying about the underlying business and the source of those returns. $MSTR is transparent. It also holds an underlying asset that it can sell if needed.

[Raphaele Chappe @raphaelechappe]

@EricLDaugh Courage.

[Raphaele Chappe @raphaelechappe]

@paul_amar2 Merci Paul Amar. L'histoire vous donnera raison!

[Raphaele Chappe @raphaelechappe]

@saylor @AtlasHodld Endurance is hard and tough psychologically. But because of hundreds of hours listening to you, I want to do it. Will close my eyes, and instead read Will Durant's History Of Civilization...

[Raphaele Chappe @raphaelechappe]

@TTejpal @AdamBLiv Couldn't agree more! Obviously, everyone needs to do their own research. But these guys were way off. I'm in it for the long run, but I'm still laughing at the "bewilderment" and "the most hated rally of all times".

[Raphaele Chappe @raphaelechappe]

@Danainhawaii How would you fund the interest payments? You'd have to sell some BTC, but BTC is volatile, timing could be off. Michael Saylor has access to capital markets & can issue more securities to fund those payments. Leverage is controlled.

[Raphaele Chappe @raphaelechappe]

Interesting and signals growing institutional adoption. https://t.co/B8rNzgTHAW

[Raphaele Chappe @raphaelechappe]

@PunterJeff When there is more clarity around the earnings generated by the green bars, the market should apply a multiple on that, and a new phase of price discovery will begin. Curious to hear everyone's thoughts.

[Raphaele Chappe @raphaelechappe]

@PunterJeff My question is: in a situation like this, how do we figure out what component of FASB earnings is attributable to the green bars vs. the orange bars. It's pretty clear the market doesn't get it... yet

[Raphaele Chappe @raphaelechappe]

@PunterJeff This is exactly what @saylor explained here: we would expect an mNAV of 1 in this situation, yet we would be reporting FASB earnings tracking the BTC price fluctuations. P/E multiple makes no sense.

[Raphaele Chappe @raphaelechappe]

@PunterJeff There is confusion about how to value the company. For purposes of applying a P/E multiple, the focus on FASB earnings driven by BTC price is confusing and misguided. We should be looking at a new measure of earnings that solely focuses on the BTC $ yield.