Also, where does #microstrategy keep their #Bitcoin? (Fidelity & Coinbase) What happened in 1933? (6102) Slay your hero’s. nostr:note10fppjmdqndy3u7pxs4cf564cl2g25s86a3k7t75pl8waqpsc4hys28tpsd
Microstrategy is debt-levered custodial Bitcoin with the overhead drag of a public company. In any insolvency event, there’s limited recourse for the shareholders who are LAST to collect from the company carcass. It’s a centralized point of attack for actors who would want to damage the real Bitcoin network. Antithetical to the real mission and a huge risk to the space.
MicroStrategy’s debt-leveraged Bitcoin is a centralized risk, undermining Bitcoin’s decentralized mission. 🎯
Everybody dunking on Saylor.. Me watching my 401K double... https://m.primal.net/LeAT.png