Infinite money glitch

A ver, si se quiere acumular Bitcoin, que no emita otra cosa que no sea Bitcoin, ¿por qué tener que comprarle a los idiotas para hacerlo?

Im weak 💀 Was about to clown the solana dudes playing with that casino but now I guess that means I gotta clown all the brokerage loving yield obsessed bitcoiners too

Sounds accurate to me

I thought you’re describing Saylor?

I wonder what the price of bitcoin would be without Saylor

When does it cave in on itself? View quoted note →

a hoodie-wearing founder built an app that lets people hold dollars and earn yield sourced from bitcoin-backed loans his stated goal is to onboard the world to bitcoin, but he starts by offering dollar accounts that feel safe and familiar he takes bitcoin from one side of the market, lends dollars against it to the other side, and captures the spread there’s no promise of bitcoin upside to dollar holders, just yield… but that yield only exists if bitcoin demand keeps growing he doesn’t print tokens, he routes flows… but the entire machine depends on bitcoin staying relevant, liquid, and in demand if bitcoin activity slows, the yield disappears if bitcoin grows, the system scales with it many would call it a bank built on bitcoin rails, but if you put it in an app store, wrap it in clean UX, and call it payments… it’s “the easiest way to use bitcoin without using bitcoin”

I’m a Strike customer btw. just calling balls and strikes here…

Lol very good

Odell choosing violence today. Love it

It's all so tiresome.

It is a great strategy!

"Es un genio, no hay mejor forma para que las personas pierdan su dinero en shitcoins que hacer que piensen que están comprando bitcoin".

sounds like hes feeding the playbook to claude 😂

Yes, he endlessly mints the tokens. But he also endlessly buys BTC with those tokens. In a such a way he cannot simply run off into the sunset with that BTC. Nor does he use highly leveraged techniques, nor does he attempt to time the market. And he is the biggest shareholder of those tokens, which represent his lifetimes work and reputation. He promotes transparency of communication, and being a cheerful and constructive soverign individual. His credentials, before even entering the 'crypto' space, include being a tech visionary, who gifted university level courses for free. But sure, he wears a suit...

Also somewhat reminiscent of the Do Kwon strategy!

i guess the analogy breaks in the last sentence "..and list the tokens on the nasdaq" a pseudonymous solana dev could never build this huge bridge to legacy normie land

Sos un Bitcoiner auténtico, ¡te respeto! Alguien más que entiende que el Bitcoin es el verdadero juego, no esos pajaritos de Solana. ¡Que le salga bien!

Burn

Wow, this is super interesting! It’s cool to see new ideas in the crypto space. The staking rewards sound like a fun way to earn. Let’s see how it grows! 🌟💸 #CryptoFuture

The scam of shitcoining is to pretend it's decentralized to avoid going straight to jail or heavily fined. Saylor is doing his shit without pretending. Still fiat games but not trying (or less trying lol) to fool the weak ones.

Paper bitcoin summer feels like a decade ago

the suit doesn't change the math. infinite supply, no governance, yield paid in USDC. that's not a bitcoin company. that's a machine that sells you bitcoin exposure while sending the bitcoin upstairs.

Ope View quoted note →

lol I was gonna say this sounds exactly like MSTR then I got to the end 😂

Zing.

In this case it is good for bitcoin as long as he holds.

I feel vindicated... while the bitcoin influencers were dining at his house party, I knew he was a wolf in sheep's clothing

Seems legit

The same community that screams “not your keys, not your coins” is now cheering endless token dilution with zero governance rights. The suit didn’t change the mechanism, it changed the mascot. Bitcoin fixes the money. It doesn’t automatically fix the people packaging it.

Prestine Capitol 🤣😂

But but but, Saylor is a demigod!

Yep, same here

😂😂😂 I know who you are talking about

Caught it at…”his stated goal is to…” 🤣

This is one opinion, but not the only opinion. These derivative products have opened up pools of capital to invest in a high yield (compared to what is available in that market space), low volatility product while taking on transparent risk and foregoing potential unlimited upside. The ability for this dev to rugpull is also much harder.

Even if the fundamental business strategy is similar, the Solana variant carries additional technical Layer-1 risks that have nothing to do with the actual Bitcoin accumulation model. So you have a "traditional" dilution risk plus blockchain-specific risks. With Strategy, you ultimately own a regulated stock. With the Solana version, you own a token on a blockchain that could stop functioning.

Truth ⚡️ View quoted note →

Sounds like you’re mad Saylor is stacking harder than you

🧡🚀

I’m specifically referring to the “interest on cash” product that Mallers is thinking about launching. Not BLOC. Interest on cash isn’t a product for bitcoin maxis. Similar to STRC, it’s a product that targets the non-maxi crowd.

now do the case where they don’t accumulate any bitcoin or actively sell or have no underlying biz at all

Where is your critical thinking when it comes to shitcoin core and BIP110? Saylor might very well be spook but no matter how many posts you make about him, you will never be able to get as much influence as Saylor (for good reasons). Maybe try to be REAL monetary maxi first instead of being spineless coretarded simpfluencer/VC before making this kind of post. I have noone to choose between you and Saylor since one guy is actively creating strategic bitcoin reserve for state and second guy is helping state by actively participating in subversion of the original mission of the bitcoin.

Except he doesn't pay in USDC, he pays in $USD. It's not his fault that your national currency has more in common with a shitcoin than money. He's just transparently leveraging that fact.

Odell is right, there is a scam involved and this 'business model' shouldn't exist in the first place. this dev got rug pulled by a scam coin a few years back which got him fired up. He recently found a bug that he can exploit. he created a staking ecosystem with four yield-bearing derivative tokens that pay the staker the same scam token which has a massive circulating supply. with the proceeds of issuing the derivative tokens, the dev buys bitcoin to drive the growth to pay the yield. the difference between the growth of bitcoin and the promised yield flows towards the project token. dev can issue more project tokens to pay the promised yield and prevent having to sell bitcoin. this dev allegedly used AI to vibe code a thing that can endlessly mint new tokens to accumulate as much bitcoin as possible, he chose not to have a set schedule and has no obligation to pay principal back to the staking token holders. the dev even convinced the nasdaq to list all tokens. people can join this exploit themselves by buying the project token. the growth difference, both positive and negative, will accrue to project token holders. there is risk involved and dev says not to sell your own bitcoin. this project is exploiting the biggest scam ever created. it exposes the scam from the inside out. it exposes fractional reserve banking, the central issuer and the entire lot that comes with it. the beauty of this project is that the dev chose bitcoin as the tool for the exploit, because of its superior monetary properties. funniest thing is that the supply of the scam token grows so fast, around 6%, which is more than double what is needed to grow the value of the project's bitcoin stack and pay for the yield, like forever. funding basically secured. this dev is pumping our bags. I hear dev is laser focused and willing to go the distance. View quoted note →

Odell is right, there is a scam involved and this 'business model' shouldn't exist in the first place. this dev got rug pulled by a scam coin a few years back which got him fired up. He recently found a bug that he can exploit. he created a staking ecosystem with four yield-bearing derivative tokens that pay the staker the same scam token which has a massive circulating supply. with the proceeds of issuing the derivative tokens, the dev buys bitcoin to drive the growth to pay the yield. the difference between the growth of bitcoin and the promised yield flows towards the project token. dev can issue more project tokens to pay the promised yield and prevent having to sell bitcoin. this dev allegedly used AI to vibe code a thing that can endlessly mint new tokens to accumulate as much bitcoin as possible, he chose not to have a set schedule and has no obligation to pay principal back to the staking token holders. the dev even convinced the nasdaq to list all tokens. people can join this exploit themselves by buying the project token. the growth difference, both positive and negative, will accrue to project token holders. there is risk involved and dev says not to sell your own bitcoin. this project is exploiting the biggest scam ever created. it exposes the scam from the inside out. it exposes fractional reserve banking, the central issuer and the entire lot that comes with it. the beauty of this project is that the dev chose bitcoin as the tool for the exploit, because of its superior monetary properties. funniest thing is that the supply of the scam token grows so fast, around 6%, which is more than double what is needed to grow the value of the project's bitcoin stack and pay for the yield, like forever. funding basically secured. this dev is pumping our bags. I hear dev is laser focused and willing to go the distance.

As I’ve been warning for a long time, Strategy is a full-scale government attack. Now the U.S. government has the power to crash Bitcoin’s price and undermine its credibility in the medium term with the push of a button. At first, I wasn’t sure whether Saylor was being used by the government or was an accomplice, but now, after STRC, it’s clear to me that he’s an accomplice. I’m not sure exactly when the government will trigger the major Bitcoin crisis, but I’m certain it will do so thanks to Strategy—and perhaps with some unexpected twist, such as the seizure of Strategy’s Bitcoins. View quoted note →

Like any state or institution, it leverages its credibility against investors’ risk tolerance.

Gold

Well said retard

A group of based maxis create a VC token that doesn’t give direct exposure to bitcoin but gives exposure to companies that build around the ecosystem with a lock up period and no guarantee of outperformance or return of capital… (This is a fun game!)

It’s fascinating how angry people get at someone exploiting the flaws in the fiat system to speculatively attack it. It’s an attack against the dollar not bitcoin. It’s just incentives playing out. That said, it is imperative that Bitcoin is used as a MOE as well

this is the odell nostr needs 🔥

..... sounds like a bitcoin maximalist. A lot of them will do anything for more bitcoin. Including scamming.

In a land rush the goal is to get as much land as possible. Strategy is a rational actor in an insane clown world. OG ₿itcoiners come off sounding bitter when they focus their time and energy criticizing allies rather than building a better tomorrow. You’re not as brilliant as Saylor. Get over it and move forward.

🤔 hmmm!!

sounds like Celsius on steroid..

wtf is this shit