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33 sats \ 6 replies \ @grayruby 2 Dec \ on: The Dumbest Strategic Trade Continues (Bloomberg Money Stuff, Matt Levine) econ
They aren't going to implode but the jig is up. They aren't going to be able to sell $1 of Bitcoin for $2 ever again. mNav probably trades between 0.9 and 1.2 for a number of years until they figure out how to be some sort of Bitcoin bank and have an actual business model besides selling shares.
I have said this before but I think even if they simply ran a large lightning node and earned some revenue off some Bitcoin the market would look at it positively. It would be a de minimis amount of revenue but the market would likely reward them for it. They should also build a best in class custody solution for Bitcoin only and charge funds and other large entities a fee to hold their bitcoin. That would have the added benefit of large entities diversifying away from Coinbase as a custodian.
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40 sats \ 0 replies \ @denlillaapan OP 3 Dec
Totally. Both very reasonable lines of business.
I'd have much less nasty things to say of they honestly tried that
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20 sats \ 4 replies \ @HardMoney 3 Dec
They could get risk free yield by putting it on 49ers no
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0 sats \ 3 replies \ @grayruby 3 Dec
I don't think the 49ers will win the Super Bowl but I also don't think any other team will win it from what I have seen this year and someone has to win it.
The only matchup I did not want for the 49ers was Detroit in Detroit and Detroit is on the outside looking in right now just trying to get in let alone a home playoff game.
The 49ers should be underdogs against a bunch of other teams but that doesn't mean they won't beat them. They have already beaten both the Rams and Seahawks on the road. They have owned GB in the playoffs in the Shanahan era and the Eagles don't look like the Eagles right now.
Plus there is a chance Warner can come back in the playoffs. Probably not until NFC Championship but if you find a way to get there look out getting Warner back would be a huge lift.
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40 sats \ 2 replies \ @HardMoney 3 Dec
Haha they are doing better than expected with all the injuries. NFC does seem wide open
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0 sats \ 1 reply \ @grayruby 3 Dec
It’s such a weird year. Probably won’t happen but I won’t be shocked if the Cards beat the Rams this week. I even took that as one of my underdogs in my moneyline bets. Hopefully I can will it into existence.
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0 sats \ 0 replies \ @HardMoney 3 Dec
We’re gunning for a top 5 draft pick and new QB
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