Bren McGuire

@thepowerfulHRV Doesn't this just mean that the market is valuing the enterprise software business at $2.2 billion?

MicroStrategy $MSTR seems to be at a discount today. $MSTR's current $8.3 billion market cap is now equal to the market value of its $8.3 billion (190,000 $BTC) position. Historically, the market cap of $MSTR has exceeded the value of its $BTC position by ~$1.5 billion. The market is not giving MicroStrategy very much credit for its enterprise software business, or potential upside from its new #bitcoin application development initiatives.

@dotkrueger IT'S A TORTOISE!!1!

What's more likely?

@adam3us Related with regards to the semantics of *bearer* : linkedin.com/pulse/bitcoin-…

par exemple: paypal started as a bearer ecash system. now it's like a bank but more arbitrary. reversion to mean in action. this is why #bitcoin must remain decentralized and bearer. digital gold is good, but it must be *bearer* digital gold to be fully disruptive.

the final form of DINOs is a database record among custodians, with a vestigial eventually forgotten token. effectively full reversion to mean. it is the way of things. twitter.com/adam3us/status…