D̶o̶n̶'̶t̶ ̶t̶e̶l̶l̶ ̶m̶e̶ ̶w̶h̶a̶t̶ ̶y̶o̶u̶ ̶t̶h̶i̶n̶k̶,̶ ̶s̶h̶o̶w̶ ̶m̶e̶ ̶w̶h̶a̶t̶'̶s̶ ̶i̶n̶ ̶y̶o̶u̶r̶ ̶p̶o̶r̶t̶f̶o̶l̶i̶o̶ ̶ Don't like my post, zap it. YES #[0]​!! View quoted note →

Some back of the envelope maths given MSTR back at all square on bitcoin purchases right now. Theoretically, sitting on 140,000 btc they could clear debts of 2.2bn and still be sat on approx 67,000 btc, debt free. Value of this btc is approx 2bn. Market cap of company today is approx 3.2bn. Let’s say then 1.2bn of that is for the company itself - of the current share price of $330, that would suggest 1.2/3.2*330 = 124 share price in that respect, if no btc. MSTR share price in July 2020 prior to bitcoin buying almost exactly at that level… plenty of holes in these figures no doubt, but right now, at this price, he’s winning.

Not particularly seen this view put out there, but in my opinion it would be pretty logical from Elon Musks point of view to use Doge as a form of twitter native currency. Why? Twitter could just act as a type of custodial solution, facilitating a huge number of transfers of token amounts between users at no cost. He would have little interest in it being any more useful for users except in that internal ecosystem - see his attitude towards substack links etc. Secondly, it continues his lukewarm attitude towards Bitcoin, for whatever reason he holds it.

Often when I buy a small amount of bitcoin it crosses my mind that the person on the other side of the trade may well have bought it at $100 bitcoin. Then I remind myself of a couple of things- 1. Anyone buying at $100 bitcoin might well in turn have bought it from another party who got it at $1, or less 2. If the seller to me wants that same amount of bitcoin back, they’ll have to buy it at todays prices, or mine it.

Snap thoughts on MSTR paying off Silvergate loan. Terms for interest were (I think) 30 day SOFR plus 3.7%, so currently about 8.3% pa. Was due in March 2025 so still had two years left. So looks like they are saving not just the 22% on the final redemption but also the remaining interest payments of ~16.6% over the period. Depends on your opportunity cost for that money of course, but they've taken some risk off the table. Next redemption of the remaining debt not due until Dec 25 now (see prev article below)

Bitcoin Magazine

What’s Next For Bold Bitcoin-Buyer MicroStrategy?

After a year of borrowing and buying, what’s the outlook for the bitcoin bulls at MicroStrategy?

It always bemuses me when the likes of Stephen Diehl dismiss Bitcoin in economic terms by alluding to the failed era of the gold standard, and implying that gold failed at being money. Gold was $35 per ounce 50 years ago, and approx $1,900 now. Perhaps on this rather important criteria it's done pretty well at being money?

MSTR nearly back to par on their Bitcoin purchases. Still a while till any debt needs rolling over, as per previous article. If the recovery continues, are the shorts ready for what’s next..?

Bitcoin Magazine

What’s Next For Bold Bitcoin-Buyer MicroStrategy?

After a year of borrowing and buying, what’s the outlook for the bitcoin bulls at MicroStrategy?

The underappreciated and relentless march of demographics. Every day/week/month some of our older generations die, and a new cohort of babies are born. For whom a digital age is second nature, and Bitcoin has always existed.

I’m going to try to have a budget of £8/$11 a month on nostr to contribute zapping for paid relays etc, developer projects, articles, memes, and good old fashioned sh*tposting. Good idea? Shout with any potential causes for support. And why £8/$11?Just feels about right, doesn't it? 😉

Not enough attention is being paid by the outside world to the Bitcoin hashrate. Currently a staggering 330,000,000,000,000,000,000 (I think!) hashes per second. Unforgeable costliness, right there. Want some? You’re either going to have enter this ferocious competition for newly created bitcoin, or exchange something of value for bitcoin already mined at an earlier stage.

Zaps need to get zappier. It won't fully work until it's as quick to zap as it is to like. It's still about 3x as much effort even with a default zap? New goal is not to like posts, just to zap them.

I seem to have lost most of the people I'm following, and also relays have been disappearing - is this likely a damus test flight issue? Any solutions?

̶N̶a̶s̶s̶i̶m̶ ̶T̶a̶l̶e̶b̶ ̶-̶ ̶d̶o̶n̶'̶t̶ ̶t̶e̶l̶l̶ ̶m̶e̶ ̶w̶h̶a̶t̶ ̶y̶o̶u̶ ̶t̶h̶i̶n̶k̶,̶ ̶s̶h̶o̶w̶ ̶m̶e̶ ̶w̶h̶a̶t̶'̶s̶ ̶i̶n̶ ̶y̶o̶u̶r̶ ̶p̶o̶r̶t̶f̶o̶l̶i̶o̶ ̶ NOSTR - don't like my note.. Zap it. h/t #[0]

It’s just dawned on me why Nostr is such a positive experience (even right now, with so much likely more to improve) - On Twitter, all of the costs were generally hidden - the advertising, the promoted content and accounts, the algorithmic feed to keep you scrolling.. On Nostr this is now all accruing to the user. There’s still a cost to using it, but it will be defined and known.