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146 sats \ 2 replies \ @denlillaapan 23h \ on: What is Saylor doing? econ
the game is basically to find whatever fiat at hand and buy BTC like there's no tomorrow, but all that is with the expectation to sell it a future date, or why would someone give them money instead of buying BTC themselves?
No. But to refinance at higher value. What they're (literally) banking on is bitcoin taking over the world.
  • if they're right, the coupons and debt and interest won't matter, because the BTC they got their hands on will be worth so much more (in old-money units).
  • Iif they're wrong, they'll blow up. (But then the BTC dream is dead and we can all go home/back to fiatworld "work" — no need to worry about Saylor or Mallers ever again)
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5 sats \ 1 reply \ @purpurato OP 23h
Ok, if that's the case, there will be such a concentration of BTC into those corporations that decentralization might be compromised. They could well force the game into state compliance and KYC etc.
This whole thing doesn't feel right anyway.
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0 sats \ 0 replies \ @crenshaw 7h
there will be such a concentration of BTC into those corporations that decentralization might be compromised
Bingo. It's so interesting to watch the cheerleading of these companies when their success almost guarantees bitcoin will be captured by corporates and its cypherpunk aspirations go by the wayside. But hey, let's pump these bags.
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