You may not be interested in Bitcoin, but Bitcoin is interested in you.
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npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz Profile Code
nprofile1qqs0heekmve55qfkkftln52l9mlcuml29k3djexhqs5uaahtrpamp4gpzamhxue69uhkummnw3ezuendwsh8w6t69e3xj7spzemhxue69uhkzarvv9ejumn0wd68ytnvv9hxg50jw9a
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2026-02-15T18:48:35Z Event JSON
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Last Notes npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG I’ve followed his content for a long time and I agree with you- he’s consistently on point about pretty much everything. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Matt - I agree with the endorsements criticism but can’t help but think you’re getting a little sensationalist here. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Hi Matt, long time fan and viewer of your content and I appreciate all the work you are doing on BIP-110. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Strategy have currently reached an unwelcome milestone at present - they have hit a $5bn notional loss when looking at the prefs and dividends paid, versus the bitcoin that they bought when issuing those prefs. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Have made a couple of updates to https://mstr.rip npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG See https://mstr.rip npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG MSTR Preference share tracker updated for the latest mini-buy announced on Monday - see npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG MSTR added 3,273 btc today - not likely to hit any headlines given the last couple of weeks, but it’s still approaching 0.5% increase and a huge amount if annualised at that level. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Thanks to @nprofile…xzud for putting out an abridged version of my article on the BBC’s Moneybox “Understanding Crypto” episode, which can be seen here npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG I’ve now established a website with all my articles from the last few years - npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Absolutely, well said. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG This is all spot on; I’d just add that companies are not necessarily the distinct problem here - there are plenty that stack bitcoin with zero leverage. Plenty of individuals get over their skis with leverage also, trying to accelerate their stack. And max pain is often the result and they get sniffed out. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Important to note when Saifedean said this he was talking about on chain Bitcoin. Don’t think it shows him to be a store of value maxi. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG A new article of mine published in Bitcoin magazine - the return of the Tontine! npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Is your issue with $NAKA, or the entire concept in general? npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Yeah, I think long term most of these companies will fall by the wayside and won’t attract investment unless they provide real value in the world. For the time being though, as we are early even just offering exposure to btc in wider markets than previously available is being treated as valuable. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Agreed on 1,2, and 4 especially - a complete red herring if countries are running deficits - it’s far more instructive to make Bitcoin ownership as easy as possible for every individual who is not running a deficit themselves. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Absolutely. It’s been a text book of how to build up a Bitcoin treasury company - honesty, integrity, transparency, and by the look of it a tonne of hard work. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Yes I’d generally agree - I think one point around this being - at what point of MNAV compression would you stop using the ATM like facility? npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Thoughts on SWC Bitcoin based convertible debt as announced this week in the UK.. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG The audacity of $STRC / Stretch, allowing the market to set the interest rate🤯 npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Ha ha yes I noticed this earlier. They will go to great lengths to confuse Bitcoin and Crypto as terms; it’s 100% deliberate. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG My mistake😆. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG 295 billion teeth 🦷 in the world (approx) npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Agreed. It’s akin to people saying “never sell your bitcoin” without considering that if you’re on a bitcoin standard, there will be inevitable times in life when you’ll have to spend more than you acquire anyway. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Lots of fairly inane chat about #msty at the moment. Just bear in mind what the underlying is, and that in general terms, at npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG #bitcoin npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG 💯 npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Massively degen, yes! But not obviously a scam? As in, he can explain where the yield comes from and at least there’s no native token?! npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Fantastic work Susie, and spot on. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Found you ;) npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG It’s almost like the past isn’t necessarily a decent guide to the future 🤔 npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG 🤣 Firstly, I really do want some of what you’re smoking! npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Why should the share price have this perpetual gravity towards 1? npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG I know what you’re saying. I see nostr as like a real life conversation, online. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG As #MSTR announced the first #$STRK preference share at the market offering today, some thoughts on how this might play out in the coming months. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Yes it’s a good question, but probably not to be honest. Lots of people predicted the same would happen to MSTR when the US ETFs came along, which turned out to be seriously wrong, so my guess is everyone tends to overthink these impacts. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Yep, I’m in the UK also! Albeit for me what started out as a BTC proxy has developed out as something quite different. He’s tapping into insatiable demand for return from the capital markets, and making positive BTC yield per share in doing so. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG MSTR introduces counterparty risk - the Coinbase custody risk is worth a mention. So I would definitely mention that. Albeit custody has a cost regardless of who you are - even if it’s yourself - so arguably they may have an efficient model. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Oddly, one of the biggest drivers of NAV closer to 1 could be a sustained rapid rise in BTC, say to $1m - which might hugely constrain their ability to generate as much btc yield relative to the btc they hold. However in that case, shareholders would probably still sleep at night! npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG For all the #MSTR 1x MNav people out there. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG If he did, the zero discernible impact $2bn+ buying has on the bitcoin price is remarkable! npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Yeah I think that’s it - there are ways of securing your nsec and not exposing it etc, but once it’s out in the open that npub might as well be considered like any other imitation account of you. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Beginners question admittedly, but isn’t the point that on Nostr if someone got hold of your nsec you’d just start again with a new nsec? npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG My guess is the motley fool started back in the day with decent intentions, but don’t make enough money from their investing advice subscription services so are pretty much for hire nowadays. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Yes, the “reach” is greater on Twitter. Depends on your incentives in posting anything, I guess. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Yes great point. I’ve started to try to get away from my predictable phone addition and it has resulted in going back to more singular devices, which just do what they need to - npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Good explanation. I don’t have a need for it right now but think it’s a really interesting product for producing a guaranteed income - if backing an annuity it would allow for a much higher annual income than you’d get on the market. Within that you have to weigh up the credit risk but it’s insanely covered by the bitcoin they own at present. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Next few weeks could be wild npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Yes all those “leverage shenanigans”… all so opaque. I wish someone would make a website to keep up with them all. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG A thought on a different lens about #MSTR new preference share offering $STRK, which at the moment yields about 9% p.a in perpetuity. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG I know what you mean. You could view STRK as a DCA mechanism into MSTR also. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Probably just about treading water on dollar debasement.. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Thinking out loud here on the new #MSTR #STRK preference share offering. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Yes, definitely - the moves in Q4 were huge, and we can expect large amounts of converts to be issued pretty soon. The challenge in terms of npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Some good thoughts. Since MSTR will always be seeking to add to their Bitcoin holdings I like to think of the valuation question in Bitcoin terms. I.e. the market is essentially telling us that the present value of all future bitcoin they can get their hands on can double the current bitcoin they hold (per share, being what matters) npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG It’s pretty hilarious watching them tie themselves in knots isn’t it. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Never would I dream about tuning into an earnings call in the past 😆. But these are only going to grow in interest and viewers, as he’s made them box office. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG If anyone needs a good book to read, check out Dava Sobel’s Longitude, the story of John Harrison’s lifelong quest to build a timepiece that could operate at sea. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Welcome! Bear in mind nostr works differently to twitter. Replies to people get more engagement than just tweeting out into the void. And a good way to find more people to follow is by checking out who those that you follow, follow in turn. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Yes this combination is possible. If you hold billions with anyone you’d expect some pretty high assurances, wouldn’t you. But I accept this is speculation, and admittedly as an MSTR shareholder I am trusting them to custody it safely. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG I agree with most of this in terms of what happens in the end when you issue paper Bitcoin, but it’s not quite addressing my point. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG The good news is, nearly everyone who has played the paper Bitcoin game has been eventually found out. If Coinbase are fractionally reserving Bitcoin, they will be too at some stage. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Fantastic note as always @nprofile…7jq0 . Keep going with Nostr content! npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Today’s market movements make me think of the old #Saylor quote - npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG I get this all the time.. My way of expressing it to them - npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Just to chip in here - I can imagine a new plan being announced in the Q3 earnings call a year later than the last one. They seem to like establishing a regular cadence with this stuff and it would make sense for teeing up a plan for the next year, if they have finished by that point. Seems fairly clear they need Bitcoin price to run to get to the 21bn on the debt side. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Interesting isn’t it. I wonder if the issue from the market is that Semler have much less runway vs their average entry price for Bitcoin - ie it would be easier for them to go over their skis in a bear? npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG It’s massively paying off. Comparing stuff to MSTR all time high is a bit like viewing Bitcoins progress relative to its ATH price - normally misses the bigger picture npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG With the 2027 notes redeemed there could be room for even more than $5bn convertible debt. I’ve seen $9bn mentioned. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Career wise, I always think just focus on improving your skillset / breadth of experience / network etc. worry about the money later - if you get the above stuff right it will come soon enough, as your market worth will have gone up. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG But it’s quite a different message to the previous types “I think we need another dot .. etc” npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Just seen Saylor’s tweet - “things will be different tomorrow” - what do you make of that? npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG This might be old news to many on here, but I've just stumbled upon what looks like the history of the "Vaccines contain microchips" theory. Perhaps naively, I'd always assumed that this was just some fringe crackpot group on the internet that came up with this, and thought no further about it. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG It’s a decent read, similar but different to the mandibles in my opinion, but I have failed to recommend it to any friends, mainly on account of it being very very depressing 😕 npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Thanks Frank - these are good questions. I am an interested stakeholder as a MSTR shareholder. Based in the UK, I like many over here have no other Bitcoin related proxies to match MSTR within a pension. This fact has pushed me into a higher MSTR exposure than I’d rather have, relative to Bitcoin, and the risks are somewhat higher in many ways. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Enjoyed your article @npub1dnz…x52h and don’t necessarily disagree with where you are coming from, but I think Saylor is pretty smart. He knows the US is a long way from really having to consider Bitcoin as currency, and hence the conversation is a needless distraction whilst the volatility is still this high and Gresham’s law is in full display. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Hi Chris, you’re probably right - albeit there’s obviously increased risk with buying any calls, the market is especially programmed to find “max pain” so you just have to make sure to be on the right side of that..! npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Yeah for sure, sounds like a good plan. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG I think B) is the relevant one for me. And it’s their ability to continually tap the capital markets and increase this which is compelling. Of course that also inevitably leads to A), but that’s not an explicit target - I reckon watching the q3 earnings call and the Bitcoin principles slide is highly useful here. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG I’d say be careful owning MSTU for extended periods of time - the slippage could really hurt after an extended period of choppiness up and down. Matthew Kratter covered this well in a recent video. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Just coming across this now. I think with hindsight there was too much speculation on what MSTR might or might not do around QQQ index weighting. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG @npub1zj4…876g ⬆️ it’s not really a debate at this stage, but be interested to hear your thoughts on this idea - as long as MSTR is a going concern its value vs mNAV can’t logically be deduced as 1 - due to its principles which will lead it to continually trying to acquire more btc if it’s a going concern. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Great to see you on nostr Ben, big fan of all the content you are putting out. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Ha ha you never know.. would be a delicious irony if they did npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG “Bitcoin is the best asset in the world! Bitcoin is the best asset in the world! Naseem Taleb, Nouriel Roubini, Paul Krugman, Warren Buffett, Stephen Diehl, Bruce Elder, Jamie Dimon - we have beaten them all. We have beaten them all. Jemima Kelly - can you hear me. Jemima Kelly. Your boys took a HELL of a beating. Your boys took a HELL of a beating.” npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG 😆 Reminds me of the excellent Kevin Kelly quote “Don’t worry about what people are thinking about you. They are NOT thinking about you.” npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG I guess some people are just obsessed with the history of grayscale and seeing MSTR as a type of bitcoin ETF. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Never knew it was him who said this, but appears so yes npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Here's a question - what have a) Craig Wright, and b) the MSTR mNAV value, got in common? Some (unoriginal) thoughts about what MSTR's market value might end up as, relative to the net asset value of their bitcoin. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Yes… my absolute pet hate here also is companies punishing loyalty rather than rewarding it (see introductory offers for the current and opposite theme that we all have to suffer) npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Just occurred to me - the symbolism of Trump and entourage making a visit to the UFC at the weekend - essentially an evolving discovery of fighting in a free market which discovers over time which techniques work and which don’t. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Agreed - happiness is the journey not the destination. You’re a spurs fan, right, we all understand this 😂 npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG “It was a great draw, a wonderful draw. And you know what they said to me? They said no one ever did a league cup quarter final draw as good as that before. Nobody.” npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Latest article is out; posting this only on Nostr so please share on. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG MSTR is simply a company seeking to grow their bitcoin in their treasury. They represent an investment in equity - nothing special, except they are early. In future I hope lots of other companies will present a similar proposition - but the opportunity cost of these choices will always be holding the btc. Companies will definitely have to demonstrate a positive risk adjusted proposition for individuals to invest. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Amazing work on this Susie. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG It was ever thus. All weapons throughout history are just forms of technology. npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG Come at the king, you best not miss npub1l0nndkenfgqndvjhl8g47thl3eh75tdzm9jdwppfemmwkxrmkr2s7cwvaz 343PG As he said himself, actions >> words
