ColorCombos.com

Happy Sunday! Hope you've had a wonderful weekend so far. After a 6 hour drive, but some excellent time with a friend I've not seen in a while, I'm back home. Until the next new release, here's a gorgeous color palette from the archives – #MindfulPalettes no. 148

@venorusprime Peter Schiff also suffers from Saylor Derangement Syndrome and hopes $BTC goes to $0. That's another thing that is not going to $0. Until USD dies of course.

@ColorCombos Fortunately most of us can walk and chew gum at the same time. This is not FUD and not a distraction. Bitcoin is self custody is the answer. Not retail chasing fiat gains through financialized bitcoin products.

This video has done more to unmask the fiat maxis in bitcoiner skin than almost anything else I have ever seen. If this upsets you, you don't understand Bitcoin.

@noufsmith @grok what is a better title for this graph since price is an exchange rate and the poster means for it to be a type of measurement.

The history of bitcoin price.

@noufsmith @grok PRICE is an exchange rate. This for that.

@ColorCombos @grok Bitcoin measures value. Meters measure distance. Liters measure volume. etc

@dotkrueger IF $MSTR pays off their debt, there's exactly Zero chance of it going to Zero BECAUSE OF liquidation.

This is worth watching. I don't agree with most of it, but I highly respect Mathew Kratter -- who both really understands TradFi, and is a serious Bitcoiner. Let's start with what I agree with - It's much better to actually buy Bitcoin and to learn to self custody than to buy STRC. As Mathew points out 2022 wasn't fun, but it's a learning experience and we made it through it tougher. STRC does not build that understanding or conviction - The ads and promoting DEFI protocols is a bit tacky. Do we really need the Oil Patch Cowboy talking about how STRC "works for him" or Binance pushing STRC backed coins? I would say this is a negative What I don't agree with - MSTR is not likely to ever go bankrupt into a "liquidation frenzy". They simply pause the dividend. STRC and MSTR will both go down, but they can wait it out. The sharehodler gets screwed, but Saylor is in a great position, and just waits. - While "it would be better if people just bought Bitcoin", STRC is a vehicle to get us there faster. This probably will not blow up, will not cause Bitcoin to crash, and will get us to 1MM faster. - The fact that MSTR is in the market is not "why Bitcoin is only $5K higher than previous highs. It is entirely due to OG Bitcoiners selling. We need capital rotation into institutional hands in order to get to the next level.

@noufsmith @grok define the word price and then compare that to a method of measurement.

@ColorCombos This will help you understand this.

@Singekino_Miner Strategy now has 843,738 bitcoin and this amount keeps going up and up and up. How is that being a fiat-monger???

Michael Saylor’s underlying nature as a fiat-monger was always destined to surface; that moment is simply NOW. He was never an educator fighting for free, scarce money, but ALWAYS HAS BEEN a corporate actor accumulating bitcoin to feed fiat-mongers chasing arbitrage and dividends —so there is absolutely no reason to feel betrayed. Fortunately, a growing army of pleb bitcoiners is now ready to purge these clown-InFlUeNcErS. As plebs aggressively drive the decentralization of nodes and mining power, the bitcoin network sheds its FALSE IDOLS and becomes truly ANTI-FRAGILE.

@GrassFedBitcoin @mattkratter Squirrel... why the worry over Strategy buying bitcoin? Are they actively harming the Bitcoin network with spam?

How MSTR Can Go To Zero

@venorusprime The Video is FUD and a distraction from the CORE problem at hand. Saylor / Strategy are not actively harming the Bitcoin network and this feels like wasted energy.

@ColorCombos The video doesn't claim $MSTR will go to zero. It describes what would happen to the holders of $MSTR in a scenario if it does go to zero.

@knutsvanholm The current, actual problem is Core turning Bitcoin into a spam relay and storage network. Strategy / Saylor seem like a huge distraction at this point. If they lock up 10% of all Bitcoin, how does that hurt Bitcoin the network / token? If they go bankrupt... same question.

There is no second best.

@ForrestHODL @GrassFedBitcoin Doing NOTHING is a decision and that helps the Conservative BIP-110 side.

@ColorCombos @GrassFedBitcoin It would help others potentially make a decision. Imo core supporters have not made their position and their reasoning clear.

I've talked with @GrassFedBitcoin about doing a debate with someone from cores side / anti bip-110 of the argument and I would moderate it. Who is the competent person willing to do this? Please tag people in the comments that you would suggest for this.

@CedYoungelman Fiat Minds want Inflation.

Nick must be new here.

@SimplyBitcoin Spammers.

Someone put the entire U.S. Constitution on the Bitcoin blockchain. "Secure the Blessings of Liberty to ourselves and our Posterity." They meant it literally.

@GrassFedBitcoin Real Censorship!!!

wow they permanently banned me 😲

Let's see how fast this gets taken down😆

@GrassFedBitcoin The odds of $MSTR liquidating are extremely low - near ZERO after $MSTR pays off their debt.

Brutal.

@mattkratter @PunterJeff Could you and Matt do a podcast about whether or not $MSTR could be liquidated? Likely scenarios Or do a reaction video?

@TFTC21 Things that are not going to happen for $100...

Adam Back: "Apparently BIP-110 will self-fork off around August 7th, or fail to activate."