Oddbean new post about login | logout If the Bitcoin Reserve Initiative Fails, Microstrategy scheme will fail They need nation states to make mega buys We need bigger and bigger pools of liquidity each cycle
The whole setup just makes me cringe. Is everything I’ve always disliked . Corporate greed. Must have more. Much happier staying humble stacking on keys
I don’t care at all about greed. What is greed? If someone would pay me $1million an hour, I wouldn’t say no. Self interest is natural and healthy. collectivist “greater good” thinking is how we got to clown world in the first place
Not really getting your point. I never mentioned collectivist greater good. I don’t care what you think, is that better ? I’m not a fan of corporate greed, just me. And I’m wealthy if that makes it easier, which i also have no problem with 🤷♂️
In fact I’m so wealthy and non collectivist I’m going to put more butter on my toast than is advised 😉
My point was, “corporate greed” is just more Marxist newspeak language to demonize profit. Without profit, we would have less connected people and no society. I don’t think you are a commie I just think the mind virus of it is everywhere, in our (bitcoiners) language and way of thinking.
Maybe, but not from me. I grew up in 80s London around the city boys loadsa money BS and their condescension to others. Microstrategy has that feel. Just not for me that’s all
They are exploiting fiat (without being a bank) like no company has ever done - a harbinger of the collapse of fiat, and I am elated.
Good for you 🤙
microstrategy doesnt need nation states to succeed. they have plenty of runway now with the institutionals they are making products for. if the us creates a bitcoin reserve, it will inevitably lead to them using it to justify insane levels of sovereign money printing that will make todays national debt look like a drop in the bucket