Imagine being @Michael Saylor - a bitcoin maxi - and trusting these clowns at Coinbase with your bitcoin. The literal value of your entire company is partially stored with a facilitator of shitcoins. This will end well. As a MSTR shareholder, I believe MSTR should be using a bitcoin only custodian - like Unchained or Onramp - in addition to Fidelity. View quoted note →

How the Trump administration is making so much noise and yet none of it mentions, let alone is specific to, bitcoin speaks volumes.

Y’all should read ‘Ways and Means’ by Daniel Lefferts to understand the lengths the federal government is willing to go to fund itself without a clear mechanism to do so. Amazing to think of what would be possible 160+ years after the Civil War.

Exhibit 1: Market manipulation View quoted note →

Love @preston and @HODL and @jack mallers … and I agree with the theory MSTR is espousing. When will y’all use your platforms and relationships with @Michael Saylor to push for blockchain verified proof of reserves? If El Salvador can do it, so can MicroStrategy. If @River can do it, so can MicroStrategy. cc: @TEN31 @ODELL @jack @RABBIT HOLE RECAP @Marty Bent @Jeff Booth @Lyn Alden @Saifedean Ammous

Don’t give an inch. Bitcoin only. Everything else is a shitcoin. Bitcoin is repricing money. Repricing the world. Repricing Time.

*Every* industry. View quoted note →

Frustrated with the state of things today. Gonna do a 36-hour fast to help process it.

Tenor

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The ETFs have bought ~2.5x the new issuance of bitcoin since their inception. MicroStrategy (alone) claims to have bought ALL the new issuance of bitcoin over the last year. “…But but but ‘profit taking’…” is keeping the supply shock from occurring? No … Coinbase - enabled by others - is fractional custodying bitcoin. We have huge amounts of paper bitcoin suppressing the price.

Which bank will be the first to implode because they fractional custodied bitcoin?

CEO | Shitcoin Magazine. Thank you @ODELL stay humble, stack sats View quoted note →

Are we going to let Coinbase fractional custody the US strategic bitcoin reserve, too? When proof of reserves? #MSTR #USA @ODELL @Marty Bent @jack @jack mallers

Whenever number (finally) goes up, the class of 2020/21 bitcoin maxis are going to be a forced to be reckoned with. There is absolutely no “luck” and no windfall that we’ve experienced on our 4-year journey. Just hardened AF by the coercion, misdirection, and manipulation by the state. We survived our first bear market because we didn’t know any better. But now it feels like the most bearish bull market yet. Puhmp our bags!

They’re literally going to flood the market with shitcoins, buy shitcoins, advocate holding shitcoins so that a fraction of the capital that should make it into bitcoin goes into bitcoin.

I am a MSTR shareholder calling for proof of reserves.

Bitcoin replaces bonds. https://www.wsj.com/finance/investing/a-bond-selloff-is-rocking-the-world-you-might-want-to-take-the-other-side-ab1356c3

What’s going to convince capital to fund bitcoin collateralized loans? If an investor buys into the bitcoin thesis, they should just buy bitcoin. Most debt funds won’t be in a position to invest in bitcoin collateralized loans due to investment committees / investment documents.