El Salvador President to eliminate all taxes on income, property, and capital gains for technology innovations.

Is Core Scientific going to emerge from Ch 11 bankruptcy? On Dec 14, B Riley wrote an open letter to shareholders laying out a plan for a 72 million dollar loan that could help Core avoid Ch11 bankruptcy. https://seekingalpha.com/pr/19056150-b-riley-financial-issues-open-letter-to-core-scientific-investors “Our analyst, Lucas Pipes, has been following Core Scientific since February 10, 2022.  Based on his model, adjusted for current metrics, even at a Bitcoin price of $18,000, Core Scientific can generate Adjusted EBITDA of ~$140 million.  Additionally, if the company builds out the Denton, Texas facility for an incremental $40 million of capital, that could add an additional $25 million of EBITDA, resulting in a run rate EBITDA of ~$165 million.  On top of that, every $1,000 increase in the price of Bitcoin would likely add up to $20 million of EBITDA—meaning that if the price of Bitcoin were to increase to $20,000, Adjusted EBITDA could be over $200 million on a run-rate basis.  If Bitcoin prices return to $24,500, we estimate that Core Scientific will generate nearly $275 million of Adjusted EBITDA to service creditors.” Worth reading the letter. Core did end up filing Ch 11 bankruptcy. On Feb 3 a group of equity holders asked the court to form an official committee they claimed would provide “critical input with respect to valuation and negotiating Chapter 11 plan terms on behalf of equity.” The group said that Core Scientific is solvent, and that given the recent rally in bitcoin prices and the improvement of energy markets, “the value available for equity is increasing.” On March 1st, B. Riley’s DIP loan was approved and the equity committee was also approved. The equity group represents 69 million shares. Insiders hold 107 million shares of the appx 369 OS.

Core Scientific Bankruptcy Approves $70M Financing Deal From B. Riley

In the filings for the approval of the committee: “The Debtors, their advisors, and the Special Committee of Independent Directors of the Debtors’ Board of Directors (the “Special Committee”)3 are keenly aware of the Debtors’ duties to all stakeholders, including equity holders. After careful consideration and deliberation, the Special Committee determined that the appointment of an Official Equity Committee with a limited scope and Budget is appropriate at this time for two primary reasons. First, rising bitcoin prices and lower energy costs suggest the Debtors may be solvent (and, at the very least, are not “hopelessly insolvent”).” And in the official response: “At the same time, one of the Debtors’ most significant operating costs – utilization of power to operate their mining facilities – has declined steadily since the Petition Date as underlying fuel costs have generally decreased.6 Higher bitcoin prices, lower power costs, and other developments have all served to improve the Debtors’ prospects since filing. The marketplace’s interest in providing the Debtors debtor-in-possession financing in late January further evidences the Debtors’ improved financial prospects since the Petition Date. The Debtors received four new DIP financing proposals in January versus just one from the Ad Hoc Noteholder Group (as defined below) in December7” 11. “If current conditions continue to improve, it is likely that the Debtors are not “hopelessly insolvent,” and plausible that the Debtors are solvent” https://cases.stretto.com/public/X217/12024/PLEADINGS/1202402252380000000010.pdf Bitcoin was $23,000 at this time. $CORZQ is currently trading at .30 with a market cap of around 70 to 100 million. They’re mining 45 to 50 BTC a day (posted daily on twitter). If they can emerge from Ch 11 the share price should be significantly repriced when compared to other public miners as I believe they are the largest publicly traded miner by hash rate. Any insights are welcome. This is not intended to be advice in any way shape or form. Just though I’d try out Nostr for some crowdsourced DD. PV 🟣🟠🙏

Get rid of the 🤙 ⚡️ only will make this experience revolutionary. 1 sat at a time.

The Fed balance sheet increased by $93B during the week for a total of almost $400B in 2 weeks. About 65% of the balance sheet reduction in the last year has been undone in two weeks. This is fine. 🔥🟠🟣

Dutch central bank (DNB) suffered a loss of almost half a billion euros last year - the first loss since 1931. Substantial losses are also expected for the coming years. The losses could increase to such an extent that the built-up buffers are no longer sufficient, Business Insider reports.

Hindenburg is short Square

“Without a ruler to do it against, you can't make crooked straight." Seneca

Retail nocoiners are starting to get interested again. Number go up is magic.

The Fed needs to run a propaganda campaign because I’m not sure who’s loving them right now.

Is this *it*

The Fed’s credibility is declining. Every misstep makes it harder to impose CBDCs. Soon it will wreak of capitulation.

Regional bank runs are happening as depositors pull funds to mega banks that are guaranteed by the Fed as too big to fail. What happens when mega bank runs go to self custodied Bitcoin? The money printer gets stuck on to keep remaining depositors whole. Fiat death spiral.

PV 🟠🟣🙏

Does anyone know if there is a Bitcoin price that could pull $Corzq out bankruptcy? I believe they are still the largest public miner by hashrate? Would be wild.

I think if Elon started pounding the table on Bitcoin right now we’d have bankruns and shit would hit the fan. If you’re reading this elon…

There is no such thing as fiat capitalism. Communism is when all property is owned by the state. Central banks have infinite capital and the ability to dilute infinitely. Therefore they essentially have all of the property and distribute it as they see fit. Communist.

I am once again suggesting you take some time to learn about Bitcoin. Stop writing this off as a scam. It is absolutely not a scam. It is a solution, in fact it is THE solution to a fundamentally criminal money system that you have purposely never been taught about. Don’t wait. This is why I still have Twitter I guess.

Who had the most incentive to stoke bank runs on regional banks? The largest banks, not depositors. They seen massive deposit inflows. Central bank interference in the market will inevitably lead to more centralization. The “debate” between Bitcoin and the USD is not complex. It is binary. Centralized, or decentralized.

Bitcoiners know that individuals are easily corruptible, and yet they have faith in humanity as a whole.

Verified identities on social media platforms will be a fundamental requirement as AI progresses into deep fakes and mimicry. Private keys give you control over your digital identity and how much of yourself you’d like to share. I suspect government will try to impose something similar. But, not your keys, not your identity.