Pledditor

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Pledditor

Pledditor

@Pledditor

Katılım Ocak 2022
636 Takip Edilen31K Takipçiler
Pledditor
Pledditor@Pledditor·
If you're a SoV maxi struggling to grasp the MoE usecase of BTC, I highly recommend going to a Steak N Shake at least once to spend your BTC. They use this kiosk based self-ordering system that is so naturally synergistic with lightning payments. I promise it'll open your eyes
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Pledditor
Pledditor@Pledditor·
@CoinDesk This ticker reads in my head as "Masturbate"
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CoinDesk
CoinDesk@CoinDesk·
UPDATE: Morgan Stanley’s Bitcoin ETF ticker will be $MSBT.
CoinDesk@CoinDesk

LATEST: @MorganStanley has filed for a Bitcoin ETF, tapping @Coinbase for crypto custody and BNY Mellon as administrator, with daily valuations set using the CoinDesk Bitcoin Benchmark 4PM New York Settlement Rate.

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Pledditor
Pledditor@Pledditor·
@Fundamentals21m The market has proven Steven's take incorrect. BTCTCs are not new. Investment trusts for various assets have existed since the 1920s. REITs (or for lack of a better term, "Real Estate treasury companies") are very popular today and universally, they don't trade at premiums.
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Fundamentals 40HPW
Fundamentals 40HPW@Fundamentals21m·
@Pledditor Mateo’s take was the bad one. Steven’s take is correct - but there is more to exploiting an arb. This story isn’t over by a long shot.
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Pledditor
Pledditor@Pledditor·
And mind you, he said this: -While acting as the Investor Relations of a BTCTC that was trading at over a 10x mNAV. -While telling people the BTCTC market was showing no signs of froth/unsustainability -While creating the "Paper Bitcoin Summer" campaign -While knowing NAKA's PIPE unlocks at Summer's end That's why I consider him to be one of the most unsavory figures during that whole saga. Either he was intentionally malicious, or he's just that dumb. And I don't think he's dumb.
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Pledditor
Pledditor@Pledditor·
Rare Nikita W. BTCTherapist is pure slop. Can't tell you how many times he stole my tweets over the past 3 years
Nikita Bier@nikitabier

@TheBTCTherapist Ah, bummer. Maybe you could monetize one of the other 3 Bitcoin accounts you use to cross-promote this account.

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Pledditor
Pledditor@Pledditor·
Jack Mallers said back in January he would be disappointed in himself if the announcement of $XXI's business lines dropped late into Q1 (implying the announcement was supposed to drop early Q1) Well.. it's pretty late into Q1 now and still no announcement 🤷‍♂️
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Magoo PhD
Magoo PhD@HodlMagoo·
So @TulsiGabbard turns out to be a complete wet napkin. Political career now over.
GIF
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Pledditor
Pledditor@Pledditor·
@arshbot @LamboWhale I think the best thing a crypto company could do for their shareholders is IPO in a bitcoin bear market so the gains don't all get front-ran by the insiders.
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Pledditor@Pledditor·
@arshbot @LamboWhale I'd argue the relationship works opposite IPO in bear market = pumpy for retail IPO at bull market = "IPO dive" Just look at Gemini. Coinbase. All the treasury companies. They timed the top. Their stocks post-IPO were all straight lines down.
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Pledditor@Pledditor·
@LamboWhale I just think broadly, real builders are incentivized to take the going rate of capital. Builders want to scale and execute quickly. Not sit on their hands and wait around for the perfect bull market top. That's mostly the concerns of the value extractors (aka the cap table).
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LamboWhale
LamboWhale@LamboWhale·
@Pledditor But the capital they raise by issuing stock is directly tied to the share price...better market, better share price (theoretically)
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Pledditor
Pledditor@Pledditor·
The charitable, non-cynical reason why companies IPO is so they have access to a new fundraising mechanism that allows for rapid growth. They get to raise capital by issuing shares, and then use that capital to scale up and grow the size of the company. If executives are so concerned about what share price they get to dump at, that it causes them to cancel IPO plans, that's a red flag IMO. It means IPO intentions were always cashgrabby, and were never about seeking growth.
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LamboWhale
LamboWhale@LamboWhale·
@Pledditor I mean this nicely....why else would you go public? The whole point is to access public liquidity...wait a few months maybe a year or two and get 2x the liquidity compared to today, wouldn't you do the same?
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Pledditor
Pledditor@Pledditor·
@Swish5wisher Apparently I'm being paid by Citrea....or is it Chaincode labs.... or is it David Bailey.....or the is it CIA...or the Jews. My funding source changes depending on which BIP-110 bro you ask.
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Pledditor
Pledditor@Pledditor·
Yeah. Didn't like throttling ETFs. He also could have more constructive...like we get you bring the hammer on the shitcoins. But how about also propose a path forward for people to do it the right and legal way? Also they dropped the ball in the Ripple case. It was an easy lay-up, they should have won it. SEC lawyers were totally incompetent. But I am pro-Gensler on virtually everything else. His vision of how this space should be classified largely aligns with mine.
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Gabor Gurbacs
Gabor Gurbacs@gaborgurbacs·
@Pledditor there is some shady shit he did too retarding the industry ... but on the enforcement side I mostly agree.
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Gabor Gurbacs
Gabor Gurbacs@gaborgurbacs·
Many celebrate certain crypto assets getting classified as non-securities. If you look at those assets, they are clearly securities, sold as such and are designed only to enrich insiders. We need better securities laws and more fair and accessible markets, not exemptions.
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Keşfet

@CoinDesk @Fundamentals21m @GhostofWhitman @jackmallers @JaMarc0 @comic @HodlMagoo @TulsiGabbard