USD/BTC = $93,456
Block 934,914
MSTY is only the beginning!
Now it is time to get STRC involved in this mix.Now it is time to get STRC involved in this mix.
Starting NOW the ~Stacker_Stocks territory will now pay out sats to the top post by zap rank each and every month.
When Will this end? The only way I can see this ending is if one of these 4 things happen:
- SN goes down
- STRC blows up
- I die
- Can’t get sats for fiat anymore
If none of the above items happen then stackers can expect to stack sats via STRC! So let the fun begin!
Here are the STRC payout deets:
This month’s STRC payment was good for
1,248 sats per share1,248 sats per share
Which is good for a total of 15,550 sats! for owning 12.5 shares.
50% of all STRC dividends goes back to the Stackers!50% of all STRC dividends goes back to the Stackers!
15% to the SN POOL15% to the SN POOL
85% to the Stacker85% to the Stacker
By using zap rank @Scoresby had the top post! His summary on a Hayes article got all the zaps that mattered.
Thank you Scores! 6,609 sats are all yours. Between this and the MSTY payments these passive sats will make you one sat rich stacker!
After the first STRC payout here are the stats:After the first STRC payout here are the stats:
Sats to SN Pool = 1,166
Sats to the Top Value Posting Stacker = 6.609
Total Sats to SN = 7,775
Total Sats Earned from STRC = 15,550
Commentary!Commentary!
Unlike MSTY STRC is supposed to be stable. So don’t be surprised if this amount continues to go up month after month. MSTY can blow up but Saylor has a huge war chest of BTC and the stock market fiat casino to make these payments. Will be fun to track this into the future. Let the speculative attack continue and give the sats to the stackers!
Show me the sats!
Thats the spirit!!
A question for any MSTR groupies: Why would I buy $100 worth of STRC versus $100 worth of BTC?
I get that $STRC pays out ~10% PA, but why wouldn't you just buy the BTC and sell $10 worth each year instead?
The "just buy BTC" method is predicated on BTC appreciating by (on average) more than 10% PA on a long-term basis, but STRC is ultimately making similar assumptions otherwise the model breaks. And if you go with STRC, Saylor just pockets the difference if BTC outperforms the ~10%.
It also is inherently a riskier product (counterparty risk, custodianship, etc.)
I get that there are these large fixed income markets for pensions or whatever, which is something else entirely, but why would an individual ever want this product?
__@_'-'
Simple fiat stability. This recent crash in the fiat price caused a lot of bitcoiners to lose fiat purchasing power. And everyone’s bills that matter (food, water, shelter) are denominated in dollars. STRC protects your balance and pays you out by stripping the volatility out of BTC.
You could do this but you will end up with less bitcoin versus people who use fiat and never sell. Plus the tax structure isn’t favorable for bitcoiners to do this. Until producers take Bitcoin as payment fiat will have utility and thus products like STRC will have market fit.
Your last comment is correct. Saylor takes all of your BTC upside but also during dumps like this he absorbs all of your BTC losses in dollar terms.
But my approach is simple having BTC and being the the fiat stock market don’t have to be mutually exclusive. You can have both if you so choose. And you can have fun with it like I do with STRC and MSTY
So in other words, as well as the coupon, the appeal is that it retains the $100 peg during a downturn (or thereabouts)? How feasible is this during an extended bear market (i.e. people losing confidence in the underlying asset) without raising the coupon to unrealistic levels?
Tax treatment aside, my point is that as BTC outperforms STRC over the long term, the BTC holder would on average outperform the STRC holder. That's essentially Saylor's game, right? The opportunity cost of owning STRC is that you're not owning BTC instead.
I guess for smaller positions where you can't average out the vol, STRC could make sense.
Can you explain what these posts are about? You’re holding yield stocks for other stackers and distributing the rewards? How do you keep track of who has invested and how much?
I am using the Fiat stock market which has unlimited dollars to buy finite sats to give to stackers who post in the stacker stocks territory
Nope using my own fiat. I take 100% of the risk and the stackers get a percentage of the rewards! 20% or sometimes 100%
How do you keep track of who has invested and how much?
I only keep track of what I invest. All stackers have to do is post in the territory or post in SN as I donate sats to the daily rewards pool