@denlillaapan 's latest BM article made Zero Hedge. I just scoured the whole thing and can't find the Stacker News plug:
No mention of his good buddy Siggy either.
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144 sats \ 0 replies \ @denlillaapan 1h
i meaaaan, its just this piece from BM, which I diiiiiid post to SN: #1081555
Oooooh wait sorry, you're right, its the 21energy article - and I diiiiid forget to SN plug that one
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63 sats \ 4 replies \ @justin_shocknet 4h
The real signal is in the comments section
Hipsters on ZH alive and well
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17 sats \ 1 reply \ @siggy47 OP 4h
I missed those!
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36 sats \ 0 replies \ @justin_shocknet 4h
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17 sats \ 1 reply \ @nichro 2h
I thought ZH readers were more based than Hackernews folks on this issue. Ah well
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70 sats \ 0 replies \ @justin_shocknet 1h
eh lots of gold bugs and gold is in many ways the original shitcoin
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36 sats \ 0 replies \ @BitcoinIsTheFuture 3h
Interesting. Follow the signal
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69 sats \ 5 replies \ @OT 8h
It's quite a piece. I lost interest half way through unfortunately. Happy to stick with pure BTC.
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206 sats \ 3 replies \ @siggy47 OP 8h
In all seriousness, I think he did a hell of a job. If you listened to Bailey try to defend himself on SNL a few weeks ago, he was incredulous when @Car even suggested that there might be a downside to bitcoin treasury companies. The article presented both sides well. Also, @denlillaapan (never one to miss a link to another article he wrote 😀), brought up the value of debt under a fiat system:
https://www.soundmoneydefense.org/news/2025/05/14/the-logic-of-debt-under-fiat-the-student-edition-000615
This is a fact I learned early in life. I know I have discussed it on SN before. Stackers generally loathe the idea of debt, but if you're forced to play their game, you might as well play it to win.
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36 sats \ 2 replies \ @freetx 7h
It is in this same sense that I conceive of Bitcoin Treasury Companies. They in fact hasten the end of the fiat system. It "exploits the flaw" of the fiat system that money is created via debt.
And if that money is being used to buy Bitcoin it creates a feedback loop that is positive to Bitcoin and detrimental to fiat.
Note: I know that the specific "debt" that Treasury Companies use is not the same kind of debt that directly creates money as in the banking sector....however it does so indirectly. In fact, its interesting that the large institutions that are closest to the money spigot are in fact the same ones who are most interested in the slew of financial products Saylor is offering.
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21 sats \ 1 reply \ @siggy47 OP 7h
You make a good point. I still can't bring myself to go near strategy or any of the other treasury companies, but his linked articles reminds me of my younger days borrowing money to buy what I considered hard assets pre bitcoin. Even during covid, those SBA 30 year 3.5% loans were too tempting to ignore. I am more bothered by Saylor's attitude towards self custody (despite his bullshit ex post facto explanations) and him seeing bitcoin as an asset rather than money.
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36 sats \ 0 replies \ @freetx 6h
I disagree with a fair amount of Saylors "philosophy" as well, but I think thats the great thing about Bitcoin. Ultimately the shared incentive system is what binds us.
Whether or not he intentionally wants to hasten the destruction of the fiat system, that is the long-term net result.
To that end, the most pressing danger of fiat money games is that paper bitcoin winds up being rehypothecated. However, this is a case where Saylor has huge vested interest to not permit that. If all his fiat purchases are not resulting in higher bitcoin prices then he fails.
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0 sats \ 0 replies \ @denlillaapan 1h
Hahaha I feel yah, its long af and pretty detailed.
Tldr, I arrive at the same place: Ignore the games
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69 sats \ 1 reply \ @cryotosensei 7h
He has always been in a different league from the rest of us
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0 sats \ 0 replies \ @denlillaapan 1h
Man, these words. Toooooooo kind
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36 sats \ 0 replies \ @BlokchainB 8h
👏👏
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