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I'm coming into Bitcoin from the beginners side and I agree that self custody is the way, overall I'd say treasury companies, large banks, governments will cause problems eventually and people should look at it from a spectrum, you have beginners like me and og's like yourself and darth and one needs to follow the spectrum along the right path and not get caught out by the traps
333 sats \ 2 replies \ @optimism 3h
Although sometimes we have to make our own mistakes in order to learn deeply, it's good to think about what Darth is saying.
In this case: it's fairly easy to imitate a maxi, while literally printing stonks to buy bitcoin and building an L2 of greater fools, on top of stonk scams btw, not on top of Bitcoin. That last thing is probably the most important to understand. Without a printer (in this case stonks), Saylor's scheme cannot exist, but without Bitcoin, he can do it easily: just swap for precious metals or anything really that in the public's eye only has NgU potential. Therefore, Saylor has nothing to do with Bitcoin, he has everything to do with printing stonks. Like every other low life scammer in the ponzi industry.
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100 sats \ 1 reply \ @Taj OP 3h
Thank you, that's a great explanation, I've read a lot of your responses on here and your highly knowledgeable on the technical aspects and the broader cultural points.
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42 sats \ 0 replies \ @optimism 3h
I don't know if I'm that awesome, haha. I just have been lucky to think about this for a significant time.
Thanks though.
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121 sats \ 6 replies \ @DarthCoin 3h
Always keep in mind what Saylor wants and is this: the homo rektus or homo fiatus
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And yet you resolutely boycott the MoE use of sats on Stacker News while posturing to be a Bitcoin Maxi who lives on the BTC Standard.
I say you are a fake and a hypocrit.
Actions speak louder than words @DarthCoin your actions are not those of someone who wants to and is living on the bitcoin standard- your actions are those of an arsemilking parasite hypocrit.
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STFU IDIOT, you have no idea what are you talking about and you have no idea what is bitcoin. You are just a pathetic chinese gov agent here spreading bullshit.
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I have given you ample opportunity to explain why you refuse to enable your BTC MoE here on stacker news.
Your only reasoned response has been to call SNs a game and that you do not want to waste any of your precious sats by sending them to others. That is not a credible or consistent response from someone who has loudly declared they live on the Bitcoin Standard. That is not how BTC circular economies can be built- your cynical stingy attitude undermines the creation of circular BTC economy and you are undermining the strength of the circular BTC economy here on Stacker News.
You are a parasite and a hypocrit. I am not a chinese government agent - you are a lying cunt for repeatedly claiming I am...it shows how desperate you are to deflect from the facts I have raised and your blatant hypocrisy being exposed.
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21 sats \ 1 reply \ @DarthCoin 2h
Hey dumbass... people will look into your SN bio and posts history and compare it with mine. They can see clearly who is the scammer and idiot.
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You can make bullshit assertions and some of your cultivated followers will buy them but not everyone will be fooled by your shoot the messenger diversionary lies. I am here for those who do not buy your lies and can see your blatant hypocrisy. They will see you for the bully you are who avoids reasoned dialogue and seeks to bully and shoot the messenger rather than address issues that are raised.
Calling yourself a BTC Maxi but not enabling your BTC MoE here, for example.
I have been involved in Anarchist and subversive groups since the 1980s and can spot a probable government spook- they are usually the loudest boldest talkers but when challenged and examined their words do not match their actions. SNs is a Libertarian hotbed and will definitely attract government agents - it is their job description to investigate any potential anti government community - and you @DarthCoin definitely fit the profile of one sent to infiltrate.
Who on SNs knows who you really are @DarthCoin?
All I know is you are a hypocrit who refuses to use BTC here on SNs and your reasons for that refusal do not stack up next to your declared BTC Maxi posture. You could be a govt agent- you definitely are a bully and a hypocrit.
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Didn’t see this coming
Congrats to china on this one
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121 sats \ 1 reply \ @DarthCoin 3h
I was also listening Saylor in the beginning in 2020-2021, just to see what is "his vision"... but from my POV not being fooled by his words. And I wrote this in 2021, where I pointed out exactly what Saylor wants: https://telegra.ph/LendingBorrowing-in-a-Bitcoin-world-07-05
I also wrote this: #446513
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21 sats \ 0 replies \ @optimism 1h
Someone spread your Saylor @ Atlantis "review" because I remember being linked to it - before I decided to actually participate on SN. I think that was well received.
The "own all the bitcoin and then lease it out" goal is a nightmare scenario. We'll see.
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Us small fries have no idea how global capital markets work. You can listen to all the macro in the world the system is so complex and so deep people just tend to say things they don’t have any clue about.
People who hate Saylor for buying coins and impressing his thoughts and opinions on an open permissionless protocol is wild to me. Not like he rugged people like SBF with FTX, BlockFi, and Celsius. He didn’t spin up scam tokens and convinced people to invest in it only to rug pull them.
He saw his company was stuck and decided to do something radical about it.
In this system we like to call capitalism if it is a good idea and drives value to the world then people will buy his stock and if it doesn’t well people can short it.
And if you truly hate him you can take your life savings and short the stock. Dont just say the hate live it with some action. But most haters won’t. They will continue to be keyboard warriors and think the world bends to their world view but sadly enough it doesn’t.
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121 sats \ 3 replies \ @optimism 1h
Dont just say the hate live it with some action
Yes, action > words. It would of course be a scammers wet dream to pull a grift with zero opposition. Best if critics shut the fuck up while they build and let the grifters capture everything through air printing schemes and shitcoins, so that all is ultimately for nothing.
If you really see nothing wrong with what Saylor is doing, then it is pointless to talk about it. I cannot imagine that you honestly think this though, but I've been wrong many times in my life, so time will tell.
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You confuse criticism with hatred. I never said Saylor can’t be criticized but hated? Why? Did he murder someone? Steal something?
Saylor is using the capital markets to raise capital and he’s buying bitcoin with it.
No one would give a damn about Saylor if he just continued to run his meh software business with no real way to compete with Microsoft and Google for growth. But because he’s using the company he founded and wants to issue shares on a public market and he is telling potential investors every day what he is doing he’s scamming?
If people get fooled into buying MSTR stock over Bitcoin then we need to do a better job of education but at the same time people have the right to buy what they wish.
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100 sats \ 0 replies \ @optimism 14m
You confuse criticism with hatred.
Do I confuse it? Or do you? Or are we both wrong?
But because he’s using the company he founded and wants to issue shares on a public market and he is telling potential investors every day what he is doing he’s scamming?
Yes, because he's running a ponzi. He had to raise money to pay dividends. That's what happens when you run a ponzi: inflow from new investor pays existing investor. If you're really good at the ponzi game, you make the old investor also the new investor and then they pay themselves. The only participants that can lose in a non-productive scheme where there are only shares being sold, are the shareholders, because there is no one else (except for a bailout, but let's for the moment assume that that won't happen.)
If people get fooled into buying MSTR stock over Bitcoin then we need to do a better job of education
Agreed.
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58 sats \ 0 replies \ @optimism 11m
Sidenote: IRL me has been spending a few months earlier this year rolling up a ponzi that did exactly what Saylor is doing, except at a smaller scale and they didn't have the audacity to do it right under a regulator's nose. Real people get into real trouble when a ponzi implodes, so I will always be extremely negative about claims of glitches claiming to make everyone super rich and no one loses.
Where does the yield come from? From the shareholders. In other words: you are the yield.
@delete in 2 hours
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You do not understand the importance of Bitcoin as a P2P payment protocol. Saylor does not advance the use of BTC as a P2P payments protocol. He promotes it as a speculative commodity. There is a substantial qualitative difference that small fry like you do not understand or maybe don't care about and that is where you are Saylor are perhaps alike.
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