FTX was a fraud because they were opaquely using customers' assets to fund investments - which only came to light because those investments turned out to be bad investments. Strategy's #STRC customers don't have to worry about this because technically, STRC isn't directly backed by any assets. That is, Strategy *could* decide to use all of its Bitcoin holdings to fund bad investments (that may or may not be dependent on BTC performance), and their STRC customers would just be SOL - regardless of BTC price. In short, what distinguishes STRC from a Ponzi is transparency; but, make no mistake, it's definitely, as @Lyn Alden put it, "Ponzi adjacent".

Nostr is amazing freedom technology! Also, if you think 200 replies a day would feel to restrictive, go touch some grass. Also, if you make 50 original posts in 1 day, you're getting unfollowed. 😉 View quoted note →

"Noobs should be able to send/receive Bitcoin secured only by ther nsec" "Noobs shouldn't have to worry about securing their nsec to use Nostr" This doesn't end well for noobs... and therefore, nor does it for the adoption of Nostr.

Now THAT is cool! View quoted note →

How is speculation that Adam Back is Satoshi even newsworthy? I mean, hasn't Adam been near the top of any such list since like forever? At least HBO's Peter Todd speculation was a little bit out of left field. Also, apparently, the only reason the recent NYT 'journalist' ever even became suspicious of Adam was because of how tense and uncomfortable he seemed during those HBO interviews. Has anyone ever seen an interview of Adam where he didn't seem tense and uncomfortable? View quoted note →

🔥 View quoted note →

I'm loving how concise this newsfeed npub is. View quoted note →

DEEP THOUGHTS: Was the movie "It's a Wonderful Life" a psy-op designed to condition the general public not to question fractional reserve banking as anything other than just necessary and normal bank behavior? #asknostr