Oddbean new post about login | logout saylor is not staying humble. this will end badly. some people believe in perpetual motion machines... i repeat: this will end badly and i don't see any wannbee bitcoin macro bros exposing this.
@ODELL since you are one of the few still calling bs out, I am pointing this out: it will end badly (for him and his stockholders). and we bitcoiners will have to put with all the normies trying to put the blame on bitcoin
He’s essentially leveraged long BTC short Fiat. I think he’ll be OK
Amazing!!! Bitcoin, as a Human Construct, is the Ultimate Regulator. Above that is only the Rules of the Universe. However, you have an Option that Saylor has an Option, that is wrong. Irrespective of Saylor in his later years may want and have more ability to exchange Pure Human Empathy than you, both those Opinions don't matter. What matters is the Exchange of Pure Human Empathy Globally by Immutable Truth. So Saylor's Opinion may be worth more than your Opinion, but Ultimately you both aren't worth the result of 8 Billion people saying fuck you. Bitcoin is their free choice to Globally say fuck both of you. So between your Opinion and Saylor's Opinion what is the default result? Bitcoin doesn't care, but the people do.
People don't want to hear it. "NGU OR STFU"
So what is your thesis for why it will end badly?
leverage. maths.
I get where you're going but that's not really an answer. This isn't some degen crew like with FTX, there are some seriously smart people running the ship and being fully transparent about everything they're doing. I think it's more likely that more companies follow their lead.
