Oddbean new post about login | logout Michael Saylor is going to buy another $3B. You know what that means? IT'S CORN TIME. https://nostrcheck.me/media/3f770d65d3a764a9c5cb503ae123e62ec7598ad035d836e2a810f3877a745b24/bf27d567c0b247c11d105f4b95ed92f96b1a3310f43de10537d279ee06738615.webp
potentially more, the stock selling was probably him to capture premium to buy more corn crazy stuff
Dude is obsessed.
I bet you have to go through some serious KYC if you want to buy $3 billion worth of corn. And where do you even get it? Who's selling that much? I checked Cash App and they wouldn't let me enter a number that large. 🤷♂️
well, you first need to have an infinite money printer. you sell your companies stock to generate cash flow. then you buy bitcoin. then the price of bitcoin goes up. then the value of your company goes up. so you sell more stock. and rinse and repeat. forever. extremely large orders like this are often done 'over the counter' from exchanges that have their own supplies for large net worth clients such as these.
Do they just transfer that to his Nunchuk Wallet, or is there some special, institutional wallet for ballers like this?
Their TX is not much different then ours although their fee rate percentage is probably a tad better 😅
Can you put $3 billion worth of sats on Minibits?
but why
I think Saylor uses Coinbase as a custodian.
Yo derek, hope you’re well brother , You should spend some time with chatting with Sascha , you’ll get on like a house on fire 🔥 we were talking about this the other day , when I say we, I really mean he was talking and I was listening & blown away when realising this isn’t an alternative internet money anymore, some big guys are starting to play around with direction! Do you think we’ve helped shape bitcoin uptake with #nostr ? What’s the numbers your end ?
I'd say that Nostr has helped with Lightning adoption, maybe not in any major significant ways, but for all those here and using bitcoin, it wasn't insignificant to us. We helped, dammit. 🫡
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