For the $MSTR people, help me out with some stupid questions:
As I understand it, the $MSTR strategy ends when fiat is worth the same as sea shells and no one will sell their Bitcoin to @saylor for them anymore.
What I'm not clear about is how to convert $MSTR to Bitcoin at that point? Or even leading up to that point? Why would anyone part with their Bitcoin after the strategy is played out?
And if those holding $MSTR then can't offload their stock for Bitcoin, yet $MSTR holds vast amounts of Bitcoin it will never sell, will that make $MSTR a currency?
Is $MSTR the Amsterdam Wisselbank of Bitcoin? Could it inflate the supply by issuing stock? Is this how Bitcoin becomes the reserve for a new fiat called $MSTR?
Perhaps these are moronic questions, but I'd love some serious answers 🙏
Nobody should be exchanging their Bitcoin for MSTR or related products.
Microstrategy is creating investment products mainly targetted to specific institutionals as a speculative attack on the dollar and receiving Bitcoin in return with the fiat raised.
Yes, it issues stock which dilutes its value over time at points in the future.
Recommend listening to What Bitcoin Did #853 with Dylan LeClair from Aug 16, and Markets with Madison part 1&2 with Saylor from Oct 17, 20 to get a better understanding of how the flywheel works
Doesn't really answer my questions, but I'll check out that podcast again, I heard it a while back.
Oddbean new post about login | logout