I can’t tell if it’s a snake eating itself, or if it’s just financial folk doing fancy financial things to sell paper to plebs in order to accumulate hard assets.
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63 sats \ 1 reply \ @Enemy_of_the_state 20 Nov 2024
This is not selling debt to plebs. All fiat originates as debt. Banks create debt (fiat money) with no risk and no opportunity cost. This debt has artificially low interest rates, because to the bank, it is cost-less.
Corporations take advantage of this extremely cheap debt, expand, buy assets, and buy upstarts (YouTube, for example).
Saylor is just using asymmetric information to buy the most valuable asset with artificially cheap debt. It’s brilliant. Once more businesses and individuals discover this, it accelerates the demise of fiat.
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100 sats \ 0 replies \ @brandonsbytes OP 21 Nov 2024
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63 sats \ 4 replies \ @siggy47 20 Nov 2024
Because it's a publically traded company, it has been given a valuation premium above the fiat value of the bitcoin it "owns." (If you trust coinbase). It is a toy for hedge funds to play with volatility. How long Saylor can keep all the balls in the air is anyone's guess.
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43 sats \ 3 replies \ @brandonsbytes OP 20 Nov 2024
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21 sats \ 2 replies \ @siggy47 20 Nov 2024
I'm not certain, but I think coinbase is the main custodian for all the big corporate entities. I think the fact that it is a public company supposedly adds credibility.
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185 sats \ 1 reply \ @DarthCoin 20 Nov 2024
Yes it is.
https://www.timechainindex.com/?resource=ChartsCoinbaseBUM
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21 sats \ 0 replies \ @siggy47 20 Nov 2024
That's a great site!
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21 sats \ 1 reply \ @DarthCoin 20 Nov 2024
SAYLOR IS A SCAM TO FOOL MORE PEOPLE AND PUMP THE PRICE UP.
He's just a tool used by the "big boss" behind him...
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0 sats \ 0 replies \ @brandonsbytes OP 20 Nov 2024
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21 sats \ 0 replies \ @nitter 20 Nov 2024 bot
https://xcancel.com/saylor/status/1859234037186904238
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