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"I promise not to sell the Bitcoin." - Michael Saylor That might be actual fraud right there.

Reality is of course worse:

Wow, man muss sich diesen Account mal geben. Es gibt in den USA offenbar noch bedeutend grössere Sektenclowns als bei uns...

Heute Abend versammeln wir uns zum gemeinsamen Gebet: Möge Strategy als einer der grössten Bitcoin-Wale 🐳 standhaft bleiben und keinen Timmy machen. Und mögen die kleinen Firefische 🔥🐠 sicher durch die tiefen Gewässer navigieren, ohne zu stranden. 🙏 x.com/SektenTrainer/status/2…

Das geht mir echt nicht mehr aus dem Kopf.😆🤣

Sind 30% zu konservativ?

„Saylor ist allen ein Schritt voraus“ „Keiner tut mehr Gutes für die Menschheit“ „Man muss Saylor vertrauen“ „Saylor schaut mich an“ #bitcoin

STRC is at $95.20 right now. That matters, and here’s why. This is the security Saylor sells as stable, trades near $100. But it doesn’t sit near $100 by magic. $95.20 is right down in the zone where, by their own framework, management says they’d recommend cranking the dividend back up to drag the price toward par again. So let’s talk about that mechanism, because anyone holding this stuff really needs to understand it. It’s called “the ratchet.” When STRC slips below par, the only real lever they’ve got is the dividend. Fatten the yield, pull buyers back in, nudge the price back toward $100. Sounds clever. Here’s the problem. Every crank is basically permanent. You can’t quietly un-raise a dividend, because the price will drop, and you’re back at square one. So the annual cash bill just keeps climbing. And it’s already been hiked seven times since launch. 9% all the way to 11.5%. Now ask where the cash for that growing bill comes from. They don’t make money from operations. So it comes from one of two places: issuing more stock, or selling Bitcoin. See the trap? Price falls, they hike the dividend to defend par, the bill grows, bigger bill means more pressure to issue or sell. In a real downturn that’s not a flywheel. It’s a whirlpool. And now watch the words, because this is where it gets Orwellian. Saylor used to say “I’ll never sell Bitcoin.” Full stop. Now it’s “I’ll never be a net seller.” Spot the move? Net seller means he can absolutely sell. He just has to buy more than he sells, BUT AND HERE IS THE IMPORTANT BIT, Oney whatever period he decides to measure, which could be over the last 5 years, or the next twenty. So the promise already got quietly reworded once to fit what they’re actually doing. The question is simple: does he hold even this watered-down version? Or do we get the next rewrite, where “net seller” becomes some fresh phrase that conveniently fits whatever the structure forces on them that month? We’ve seen this film before. The words keep changing to match the situation. And here’s the kicker. Even the dividend hike isn’t a promise. It’s a “framework” where management says they’ll recommend a raise, subject to the board, and they can suspend or change it whenever they want. Saylor said it himself about the $100 peg: no legal obligation under the security, it’s just the company’s “number one business objective.” An objective. Not a guarantee. Look, if you’re going to put money you worked hard for into these perpetual preferreds, at least understand what you’re actually holding. I wrote a full 78-page report breaking down the real risks of these things in proper detail. It’s linked in the first comment below. Read it before you buy, not after. Read the full length report. These are your savings, money you worked hard for.

$STRC trading at 94.65 at the close That’s why we keep saying, these things have been sold to retail investors with and using misleading marketing They are NOT like money market funds That’s why they pay 11.5% and 13%, it’s not generosity Those are 750 basis point and 900 basis point credit spreads The spreads reflect the risk. CCC rated junk credit pays about 12% currently One-year default rate for CCC rated credits is 24.5% Three-year default rate for CCC rated credits is 43% The yields are not a free lunch It’s why only two institutional investors have invested in STRC. And one of them was a preferred index fund. So it’s not like they analyzed the risk. They bought it programmatically because it’s in the index. The smart money knows the yield is not worth the risk

InFiNiTe MoNeY gLiTcH

Aus gegebenem Anlass. #bitcoin

1/7 Wir sind lang genug dabei, um zu wissen: OGs sind fast alle progressiv (oder anarchistisch im sozialen Sinne, nicht wie AnCaps), dann kam: EINUNDZWANZIG: Nazi-Müll im Offtopic, Ausschluss Liberaler, Deklaration als "libertär". x.com/yeolddoc/status/183612…

On point. Wenn Bitcoiner sich organisieren, wird es unweigerlich dem Thema schaden. Es gibt kein „wir“ und es gibt keine Galionsfiguren, nur unseriöse Spinner, die das Thema für ihr Geschäftsmodell missbrauchen - ausnahmslos. Es braucht keine Influencer, keine Vereine, nichts.

Es scheint, als könnte der Live-Stream doch noch interessant werden. #timmy

BUCK ist das neue Licht. 🕯️ Wie immer ist Roman unserer Zeit voraus. 🕑🚀 Wir folgen seinem Weg. 🙌

There is no second best Ponzi

Bild: "DeR aRmE WaL..." Auch Bild: