Pledditor

Imagine if @CoinMarketCap was a publicly traded company, had an influencer with 2 million followers as CEO, and the influencer CEO was tweeting misleading nonsense claims about it having $2.15 trillion of assets on it's platform. That's basically what Pomp is doing here.

This is a very misleading tweet. These assets are not "on Silvia". The assets are TRACKED by Silvia. It's a tracking tool. The wording appears to be intentionally phrased to mislead retail into buying his stock.

I don't often agree with Ran, but he's not wrong here. Selling STRC to buy bitcoin, diluting MSTR unaccretively to build up a USD reserves so you can pay STRC divs, dumping the bitcoin you just bought to buyback the STRC you just sold you can eventually sell more STRC again to rebuy the bitcoin you just earlier sold... all that does is complicate the Strategy story, makes the entire Strategy thesis feel circular and make the Strategy ecosystem of assets become less appealing. The narrative was far cleaner before the prefs, when they just issued equity at a premium to grow BTC per share. Back then, MSTR actually felt like a leveraged bet on bitcoin. Now with the USD reserves and all this hedging, MSTR now feels like some sort of cucked delta-neutral trade.

Imagine you’re a hedge fund, you’re short STRC and @saylor’s Sunday post has you worried that he may have bought back… Challenge: how to shape the narrative so that the market doesn’t take it as the positive that it is. Answer: find a high follower account willing to post crap

I don't often agree with Ran, but he's not wrong here. Selling STRC to buy bitcoin, diluting MSTR unaccretively to build up a USD reserves so you can pay STRC divs, dumping the bitcoin you just bought to buyback the STRC you just sold you can eventually sell more STRC again to rebuy the bitcoin you just earlier sold... all that does is complicate the Strategy story, makes the entire Strategy thesis feel circular and make the Strategy ecosystem of assets become less appealing. The narrative was far cleaner before the prefs, when they just issued equity at a premium to grow BTC per share. Back then, MSTR actually felt like a leveraged bet on bitcoin. Now with the USD reserves and all this hedging, MSTR just feels like some sort of cucked delta-neutral trade.

Kratter believes he possesses more power in bitcoin than he does because early on, he launched a harassment campaign against Gloria Zhao, spread rumors about her sleeping her way to the top, and was rewarded with her resignation. Ultimately, that's the limit of his power. He can sling mud at people he doesn't like and hope they eventually get exhausted by the drama and leave. Otherwise, his side doesn't have much hashrate. They don't have many coins. They're just the peanut gallery in all this.

Hollow shit! Kratter is losing his mind 🤯 - He is threatening mining pools - He is threatening a crash of Bitcoin price - He is threatening a chain split This video is a perfect example why Bip110 will fail & NO ONE is going to pay attention to him or Luke or Mechanic in 30 Days

Did you know >50% of @Strategy's workforce is outside the US? They seem to hire heavily in India. Explains why they've been so out of touch with bitcoin twitter. Most of them don't speak english, so they definitely aren't reading our tweets.

They will pass the CLARITY Act. It might take 5 years, the bill might go by a different name, and it might contain a bunch of hostile language towards bitcoiners, but it will eventually pass because digital equities and digital dollars are inevitable technologies and the government will demand a framework to be in place to regulate it. Calling it "crypto legislation" is such a red herring. The government doesn't give a fuck about ripples or cardanos. They care about the digital equities and digital dollars. So the question isn't whether the rules will be written, the question is whether or not bitcoiners will have a seat at the table when the rules are written. Will they step on our necks, or will they leave us alone.

@mackwillstack UBI, much like CBDC, is too taboo, I don't see American democracy voting for it. Stablecoins, however, are issued by the "private sector", so they are fine with that, even if it's a distinction without a difference. So instead of getting a free paycheck, you gotta work a fake job

@Pledditor That or UBI

If AI truly disrupts the workforce, expect the government to step in by creating a bunch of fake jobs. Americans don't produce anything. They consume. They need you to keep spending to keep the system afloat. That's why the Fed has the dual mandate of achieving full employment.

@wtogami It was unprofitable last quarter, but they tried to put a positive spin on it by hyping up the next quarter, which should reflect the earnings from the Bitcoin 2026 conference.

@Pledditor You buried the lede. You mean they used this to give themselves an exit for the magazine? Have they since reported how profitable/money losing is the magazine? Thus it could have been considered a bailout?

why $NAKA fell -99.8%, explained in the most laymen's terms possible: -shareholders got raped with mNAV compression (it tragically flipped from a 20x premium to a 0.3x discount) -the value of the underlying (aka BTC) fell -50% -they sold some BTC to buy shares of other treasury companies, and those investments have massively unperformed BTC -they took out a bitcoin backed loan and got liquidated when the value of their collateral dropped too low -shareholders were diluted, but not to buy bitcoin, it was to buy David's magazine -on top of all of that, the company itself is unprofitable and only bleeds money

@inthepixels There was a pre-release draft of the bitcoin whitepaper that was only seen by a few people, Adam Back, Wei Dai, and that might be it. What's interesting is that the project was named eCash at the time, not bitcoin.

The 2008 Bitcoin Whitepaper That Never Saw the Light of Day It was late 2008. The global financial system was unraveling. Lehman Brothers had collapsed. Central banks were printing money at unprecedented rates. Trust in the financial system was evaporating. Somewhere in the middle of it all, an anonymous programmer sat alone polishing the final draft of what would become one of the most influential papers in modern history. His name was Satoshi Nakamoto. The protocol worked. The cryptography worked. The economics worked. There was only one problem left. What should he call it? Late one evening, fueled by caffeine and sleep deprivation, Satoshi wandered into an online Spanish dictionary looking for inspiration. Bitcoin was designed to become digital gold, so naturally he searched for words related to gold. He found the Spanish word dorado. "Golden." Interesting. Then he discovered doradito. "Little golden one." Even better. As his exhausted brain tried to process Spanish grammar at two in the morning, something magical—and completely incorrect—happened. He skipped over a few letters, ignored several centuries of Romance-language evolution, and proudly wrote down one word: Doritos. "This," he whispered, "is perfect." In his increasingly sleep-deprived imagination, it meant: "Little bits of gold." Little bits. Digital bits. Gold. Digital gold. It was destiny. Never mind that Spanish speakers would have politely explained that Doritos doesn't actually mean "little bits of gold." The brand name itself was a twentieth-century marketing creation inspired by doraditos—"little golden ones"—chosen decades earlier because tortilla chips come out of the fryer beautifully golden. But Satoshi didn't know that. Or perhaps, at 2:00 a.m., he simply didn't care. History favors the bold. He immediately drafted an alternate title: «Doritos: A Peer-to-Peer Little-Bits-of-Gold System» The opening paragraph looked surprisingly familiar. «"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution..."» A few pages later came a sentence quietly removed from history: «"...the network also pairs exceptionally well with nacho cheese."» For one glorious alternate timeline, the world's first decentralized cryptocurrency wasn't Bitcoin. It was Doritos. Early adopters proudly announced they were "stacking Doritos." The first exchange listed $DOR / $USD ..not $BTC Developers argued endlessly about whether the Nacho Cheese implementation was more decentralized than Cool Ranch. Mining rigs became known as "chip factories." Hardware wallets looked suspiciously like family-size bags. Forums debated the proper storage temperature for maximum security. Everything was going according to plan. Then someone searched the U.S. trademark database. Silence. Apparently, Doritos had already been trademarked decades earlier by Frito-Lay. Satoshi stared blankly at the screen. "So you're telling me..." "...the perfect name for decentralized digital gold..." "...is already owned by a tortilla chip company?" The implications were catastrophic. "Send me five Doritos." "Sure. Nacho Cheese or Cool Ranch?" Financial news would report that "Doritos surged 15% today." Grandparents would accidentally purchase snack bags for their retirement accounts. Economists would debate the monetary policy of spicy sweet chili. Some unfortunate federal judge would eventually be asked to determine whether blockchain software infringed upon flavored corn chips. Even anonymous cryptographers know when they can't win. With profound disappointment—and one last handful of actual Doritos for emotional support—Satoshi reluctantly deleted the title. He chose something legally safer. Something descriptive. Something impossibly boring. Bitcoin. The rest is history. Yet veteran cryptographers still whisper about the lost timeline...

@NHpilled @_frenchhodl False. The original activation date set by Dathom Ohm was Feb 2026 (block 934864).

@_frenchhodl @Pledditor No one in the wold claimed it would activate in February.

BIP-110 has become such a stale topic.... Aren't you guys tired yet of rehashing the same old debate on this app all day every day?

@LiberExMachina "BIP-110" in username = the Ukraine flags of bitcoin

@Pledditor its a lot easier to virtue signal that bitcoin is money than do any actual work to make it so. social media has always been the easiest outlet for meaningless virtue signaling do-gooderism.

@_frenchhodl I remember saying that 6 months ago. Remember, it was originally supposed to activate in February. After this ends in failure I'm sure they'll just try again. A perpetual LARP.

@Pledditor Boring af 😂😂 And there's another month of it lol

$NAKA has purchased exactly zero bitcoin with ATM share issuance

⛳️🏌️‍♂️ x.com/Pledditor/stat…

$EMPD just sold most of their bitcoin, took down their BTC treasury dashboard, said they do not plan to buy any more bitcoin, announced they may sell off the rest, and have announced their pivot to AI.