Strategy is trying their hardest to lose more and more Bitcoiners
Perhaps @ODELL is very on the money here
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Replies (14)
Lol at the people who fell for the schtick in the first place.
Play stupid games win stupid prizes 🤷♂️
Odell supports companies (like Strike) who promote this strategy, no?
I think that’s an interesting point but i think strike frame it as don’t sell bitcoin for expenses which is slightly different in my mind.
Strategy seem to be doing a full tilt pivot into “I like bitcoin, buy my ….” territory though.
strike offers users of real bitcoin the ability to take loans
strike also makes it easy and cheap for people to self custody real bitcoin
this is strictly different than mstr and clones
loans are risky, i have been clear on this risk, they are most useful as a way to legally avoid taxes in my opinion
many don’t understand the system they’re in or how taxes work. they don’t understand the benefits of taking out a loan on your bitcoin to build a house then paying off the loan with the bitcoin vs cashing out to build the house. they don’t know how much gets siphoned off with the latter.
I understand the difference and I am a happy Strike customer. What is the issue or problem with the screenshot in Trey’s post then?
Yeah, I don’t have a problem with borrowing against Bitcoin. Don’t get what the issue is with the screenshot in the original post
I understand very well the benefits of borrowing against your bitcoin. I don’t see what the problem is with the screenshot in the original post
I have a problem when an individual, such as a strategy employee, is basically stating what Bitcoin *is* (when in fact it’s their opinion), and trying to almost mock the concept of Bitcoin as money, when that was the whole fucking point the first place.
And they’re of course a mega fucking player in the space.
Strategy - if you use Bitcoin as money you’re an idiot
Block - we will make Bitcoin everyday money while building kickass tools
Yeah I know who I’m rocking with
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I think that’s also fair in isolation, from what I understand but the “strategy” has been to pitch MSTR products as money like, and Saylor is pretty strong on his “it’s not currency” (for goods) it’s an asset.
That seems like a narrative that intentionally or unintentionally turns down the volume on the censorship resistant P2P payments property. That’s why this post is called out - same theme.
Thanks for this thoughtful reply
I don’t think he is stating what bitcoin is or mocking its use as money in that post!