Can anyone find me an example where Strategy issued new shares and bought BTC when mNAV was below 1.0? I can't find a single example except for what happened this weekend. Please use the definition of mNAV= market cap/BTC holdings for this exercise.
No matter how bad your stack might be down during this bear market just remember there are people out there who sold their Bitcoin and bought BSV because they believed this clown @CsTominaga was Satoshi 🤣
🔈 on
@Rob1Ham@mert@rodarmor@nic_carter That still counts as an industry plant as far as I'm concerned.
X is handpicking the next generation of mega celebrities, and I'm sure it's not at random. Likely selected based on advertiser friendliess, political agendas, pay for play, etc...
Exactly what the financial-industrial complex is doing with Bitcoin right now.
They want to custody your Bitcoin while encouraging you to lever up and borrow against it, so they can margin-call you when they scoop it up on the cheap.
They want BlackRock, Strategy, Coinbase, or a Cantor-connected Bitcoin treasury company to hold your Bitcoin.
They want your Bitcoin wrapped in Michael Saylor, Brandon Lutnick, Adam Back, David Bailey, Jack Mallers, Steve Witkoff, Eric Trump, or Donald Trump Jr. instead of held in your own self-custody.
Understand the difference between owning Bitcoin and owning a financial product built around Bitcoin.
One moves you closer to sovereignty.
The other moves Bitcoin closer to the financial-industrial complex.
Your choice.
If Zcash’s vulnerability freaked you out, wait till you discover the US Dollar: a tiny group of Satanic pedophiles prints trillions every year… and there’s been zero patches since 1971.
That’s not a bug. That’s the feature.
I have a feeling that we will all eventually find out that the team behind Zcash knew about this exploit.
I seriously don’t trust anyone here anymore.
Good thing Bitcoin is trustless money.
🚨 It's not just ZCash.
Opus 4.8 also found a vulnerability in $USD that allows for unlimited issuance which could theoretically enrich insiders at the expense of all holders
huge breaking
The information asymmetry is actually increasing.
Bitcoin is now more undervalued than ever before. It continues to be the most undervalued asset in human history.
Premise: Bitcoin's core value is to be Money. As pristine money as possible.
Fee competition and congestion due to grift spam works as a tax on monetary use, which is obviously negative towards being pristine money.
But more seriously imo is that using Bitcoin for other purposes than money, introduces hidden economic dilution/inflation.
Spawning thousands of competing tokens, memecoins and NFTs on Bitcoin, leveraging its security and reputation, diverts capital and attention from BTC itself.
Speculators and normies chase these derivatives out of greed, instead of holding BTC for its scarcity and monetary properties.
This is like expanding the "pie" of BTC as a value carrier with junk assets. BTC's monetary premium gets diluted as the chain becomes a crowded data/token platform rather than pristine money.
Conclusion: Any standardizing or facilitating of non monetary use of Bitcoin undermines its core mission and value proposition.