144 sats \ 6 replies \ @NachoKeys 10 Sep 2022 \ on: MicroStrategy Raising $500M To Buy More Bitcoin bitcoin
Saylor can get away w this due to owning most of MS.
Your regular CEO who doesn’t wouldn’t even dream of taking this risk w his company’s balance sheet.
Saylor comes off as a complete lunatic that plays into HODL fanaticism. If he gets liquidated who knows what will happen.
It's one thing to invest in bitcoin as a technology, it's another thing to just hold a ton of bitcoin liquidity and hope that hype causes it to appreciate.
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He does come off as a complete lunatic, agreed, but he could be more orange pilled than any of us realize - nonzero chance of that.
Other thoughts:
- I think he is so all in on Bitcoin as his final play - he's gonna get stupidly rich via Bitcoin or die trying.
- I don't think he buys into any hardcore cypherpunk ethos
- $20K is an absolute steal for Bitcoin, if I had $500M I'd buy more at that price
- Saylor probably personally does jack shit to help Bitcoin's adoption as a medium of exchange, which is like priority number 1 right now for me personally
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Saylor probably personally does jack shit to help Bitcoin's adoption as a medium of exchange, which is like priority number 1 right now for me personally
He announced a few days ago that MS are looking into Lightning R&D for enterprise applications, so it'll be interesting to see what happens with that.
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Just for reference, who do you guys think is NOT a "lunatic"?
Calling enormously successful / influential people "crazy" "odd" etc. is such a boring opinion. Would you rather they just sit at home and watch netflix and football? Stay in their lane? What do you think success and influence should be?
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Tim cook strikes me as this very run of the mill billionaire - not a lunatic at all. Could probably think of others.
I agree it's such a boring, neomarxist opinion.
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Good example and good on recognizing the problem. The enemies of freedom want a slow march toward mediocrity.
So I could be fooled, but it stands to reason that anyone sticking their neck out is rejecting the mediocrity, and probably doing it at great risk to themselves. So people like Saylor should be celebrated for their balls, or we wake up one day and balls are gone for good.
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