Armstrong’s de minimis commentary vs outcome pretty much confirms they are selling paper bitcoin imo. Every dollar Saylor buys is diluting the price. The unknown is if Saylor is ignorant or malicious.
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Malicious
Could not agree more
Frustrating thing is we are considered the crazy conspiracy theorists because we claim Conbase is playing bullshit fiat games
I think saylor is 2 smart to be ignorant about this which is why I think he is in on the scam and a malicious bad actor
You don't dilute the price by buying paper, that happens by selling it. I hope Saylor is buying paper though because fuck that CIA puppet for building new forms of bitcoin-backed usury.
What happens to the price when the truth comes out…?
Buying opportunities
I think the opportunity is *before* the paper bitcoin truth comes out.
When people short, they have to cover. In this case, if there’s $100’s of billions of paper “shorts”, covering will launch price to the moon.
Yes you do. Saylor’s buys immediately allow Coinbase to rehypothecate to retail (or whoever) because they know he will never take custody of those coins. Which means he is essentially buying paper.
Si son de minimis no pueden entender qué es el Bitcoin, ¿qué les pasa a los demás? Y diluir el precio con más papel es lo que hacen los shitcoins.