blockfi was a scam
celsius was a scam
luna was a scam
but strc is basically the iphone
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Replies (79)
Yes, #YESTR
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How strange to compare it to something useful
Referring to a liability as "revenue" seems like clear gas-lighting to me.
Deploying
All aboard the rocket ship
Scammers will scam
"Pero si Blockfi, Celsius y Luna eran escamas, ¿por qué la gente no está hablando de BTC como el verdadero innovador? Strc puede ser interesante, pero no es la primera vez que alguien intenta copiar el éxito de Bitcoin con un diseño más bonito".
Saylor is taking other people’s fiat and stacking sats.
This will work as long as fiat exists- and the government doesn’t take his bitcoin.
STRC is an on-ramp for boomers who want to”income”. I don’t want dollar income. I make that in the mines. I want future money with asymmetry so I can take back the future the income chasing boomers stole from us.
Those 3 took people’s bitcoin.
STRC takes fiat.
Fiat is unlimited. The ponzi is funded by a ponzi.
They won’t get liquidated. Bookmark it.
Matt O’Zhao
it is a massive coincidence that pomp is running his own mstr clone, not related at all obviously
Also, it’s completely
transparent and public info.
Good luck to those building on sand. Saylor will probably get to 1M Bitcoin by the end of the year, maybe 3M overall.
99% of OGs are fiat maxi's. Once you accept that, things make more sense. 
Money printer go $BRR ? 😭😂
I think calling it an inflow would be better.
Their system doesn’t have revenue.
Is this sarcasm?
I thought you could use bitcoin…?
😂 sometimes if you have to ask you always know the answers 😂🤷🏽♂️
weird, why would the ceo portray it has revenue
I think this is a bit lazy or intentionally misstated - its like saying "Bitcoin is like tulips" or "Bitcoin is a ponzi".
STRC is categorically different than BlockFi, Celsius and Luna.
Not saying you have to like it - but paying 11.5% cash dividend using cash reserves (yes, cash that does come from selling the common - which the value is driven by bitcoin price) is very, very different than lending your bitcoin for "yield". Tulips are not bitcoin. STRC is not Blockfi, Celsius or Luna.
Don't think you are saving anyone here. But for sake of clarity - no one should be selling their bitcoin to buy STRC. And if you are buying bitcoin, it should be in self custody, and not "exposure" through an ETF or MSTR.
But if you have cash - STRC pretty safe place to earn some excess yield over Chase banks .01%.
Financial engineering is great, until it isnt. I wish them luck. 🍀
iPhone is a scam though
Trad-fi persuasion
“iPhone moment” is great marketing, and like the best, it’s BS if you pick it apart.
All of those other products blew up in a bear market. So far stretch is working in a bear market.
Interested what conditions would blow up the product.
Odell getting more and more aggressively based on this.
WE. LOVE. TO. SEE. IT!
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My more paranoid take: Strategy doesn't have the Bitcoin they claim and its all a psyop with the ultimate goal to destroy Bitcoin.
they should be fine near term, i think, next bear there could be issues
regardless, selling stock that pays dividends from selling your other stock, that is subordinate in the capital stack, is not revenue
Odell sometimes I get the impression this is something personal with Saylor and you.
You have made past comments stating that Strategy has done very little to support Bitcoin developers / development.
Dilution is the solution to the pollution . . . or something to that effect.
Yeah, I would certainly think they need STRC buying to diversify away from treasury companies themselves stacking it, which seems risky if it’s concentrated to the same sector.
Saw some metric that had retail as the majority holder, maybe a 60% figure. Would be bad if it blew up on retail.
Yeah, a lot of Strategy’s KPIs are sketchy (not correct) in their labeling.
?
??
Exactly. Madoff was a black box. He can print as much MSTR as his shareholders allow.
Idk what your response has to do with mine or how it relates.
2+2=4
Also
WTFGTFO = SOME BULLSHIT
I thought you could buy strc with btc?
Steady lads
That cunt can't help himself
Such a retard
Microstrategy or whatever the fuck it’s called now is a scam lmao it’s a literal ponzi business that wouldn’t work without fiat
Well, Saylor/Strategy have done very little and it's in his/their interest to not fund devs
Definitely not incentivized to portray it as revenue
Just a thought, maybe they are referencing gains on Bitcoin they bought with STRC?
That could be revenue.
Lmao I was making fun of this scammer earlier. He has a new yield product? 😂
You hear the odd person saying it’s a way of getting bitcoin exposure via an IRA or retirement account like there are no other options - but you can just move those dollars to an unchained IRA and buy real on chain stuff you can see exist via sparrow etc…
2022 twitter drama was peak
Grifty grifter
The reason the stock market exists is to sell shares. MSTR is very clear on what they are doing.
It’s not some black box like Luna or BlockFi.
If investors didn’t like the strategy the price will trend to zero over the long term but since MSTR will always be solvent because they hold Bitcoin the stock will catch a bid. It’s seems like Bitcoiners forgot why the stock market even exists. It’s to raise capital.
Apparently so 😂😂
I bet he’s tired of winning 😂
How is it in their interest to not fund devs? On the Q4 earnings call they said they are going to start working with developers to push development of quantum proofing.
Actually all were taken down by Sam Bankman-Fried who likely did it for the US government.
Bitcoin Connnnnneeeeeeeeeccctt
Just do not get it. Why trashtalk mstr/strc. Pleas explain why.
He's basically doing the speculative attack in company form what's the problem? I tjought this was the bitcoin maxi dream?
This is my feeling. I’ve got kids going to college for thr next 6+ years. Having a portion of that handled by the yield on a product like this would be great.
I’m not - and wouldn’t - sell any bitcoin to do this.
I also wouldn’t want a significant percentage of my net worth in it, either.
Nothing is bulletproof.
Protos
Ambitious developers are biggest risk to Bitcoin, says Michael Saylor
Michael Saylor has said that the greatest risk to Bitcoin is ambitious opportunists advocating protocol changes.
Fair enough. I don’t see that being about devs in general though, but about reckless devs, or, more specifically, reckless changes to the protocol.
I think we all have an incentive not to support reckless changes to the protocol. Simplicity and consensus are the most important aspects of a well functioning system.
I think he's more inclined to not support devs at all though. He's never seemed to want to support the community in that way. I'd love to be proven wrong though, more billionaires donating to @npub10pen...n34f would be great 😂
agreed on your second paragraph/sentence
Yes. Gov taking his bitcoin is how the story ends I'm afraid.
What's the speculative attack?
This is the part of the game theory we did… that I did not like… it’s pretty much already happening too… but somethings will happen that not everyone likes…
inevitable and very clearly not a scam. may not like it but it is not a scam
"I" never said anything was a scam…
Just borrowing fiat an buying bitcoin with it
Often also in the case of a nationstate just printing fiat and buying btc
Odell is just very salty for some reason 😅😂
not a scam, basically the iphone
Again "I" never said anything was a scam, nor did "I" say anything "you" said was a scam either…
Money printing, simply wrapped in a corporate wrapper, with some paper Bitcoin underpinning in.
Anything other than Bitcoin is simply paper profits.
Whe pegs fly 😂
The first and best
"it's a dividend/yield paying stablecoin/stable asset"
"what keeps the price stable?"
"we do" (until they don't)
- Luna, MSTR, DarkFi, etc.
La oportunidad esta en nuestras narices Bruce Lee. No todos la veremos.
Blackrock customers already selling because when Saylor's stock goes below 100usd things will start advancing fast and cause panic, which makes more people sell, which makes startegy's btc they need to sell to cover the yields worth less, which upon sale makes btc worth less, which creates more panic... doomloop.
And that's only the Saylor story, as most don't see the bigger picture what means emptying crypto to cancel threats and kill most projects so it will bring chains totally in zombie mode.
Consilidation will happen and few will survive.
Banks, EU, ... will integrate their own systems.
Don't expect things to flourish as dark times are coming for crypto.
Nobody can do anything about it, the plan is 2030.
Regional VPN bans will happen and things will get rougher before going better all around.
You guys will need to start all over again mark my words.
Companies will run out of money one by one.
Ethereum will survive but be ready to buy for 150usd.
Connect the dots, don't be blind.
For the others:
Bitcoin wrapped in fist.
coldcard was a scam
but STRC is returning to par😅
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