Jonny Lithium

GM!!!

@BrianRoemmele Same here. Grateful I saw it at an early age.

The most amazing series was Joseph Campbell and the Power of Myth with Bill Moyers. First aired on PBS on Tuesday, June 21, 1988. I saw it and it profoundly changed the way I have seen life and our journey as humans.

@Z06Z07 Are your rides ever not quick?

Out for a quick ride.

@jackbutcher instant win

@RealCryptoFace two kinds of people: 1. pencil-necked virgins who still live in their mom's basement, crying into their Monster Energy while the real degenerates ride the 100x liquidation rocket straight to Valhalla. 2. people who aren't broke

Finish this statement. Best answer gets $500 Stop Losses are for _______

@AdamBLiv But STRK is always worth more than its conversion value due to the dividend component, so your calculation of STRK into MSTR after 10 years is irrelevant because you will never convert—-you will sell the shares instead.

The 70/30 STRD/MSTR portfolio absolutely destroys STRK. You make close to the same level of fixed income but WAY more growth. STRK price = $75.20 STRD price = $73.14 MSTR price = $139.13 STRK converts into 0.1 MSTR share per STRK share STRK annual dividend = $8/share STRD annual dividend = $10/share Bitcoin compounds at 25% annually for 10 years MSTR is 33% amplified Bitcoin, so I model MSTR at 33.25% annual growth No taxes, no reinvestment of dividends, no change in conversion terms, no change in preferred pricing mechanics That gives a 10-year MSTR price of:$139.13 × 1.3325^10 = about $2,455.23/share Scenario 1, $100,000 into STRK today Shares you get: $100,000 / $75.20 = 1,329.79 STRK shares Dividend stream: Annual dividend per STRK share = $8 Annual cash income = 1,329.79 × $8 = $10,638.30 10-year total dividends = $106,382.98 Conversion after 10 years: MSTR shares received = 1,329.79 × 0.1 = 132.98 MSTR shares Value after conversion: 132.98 × $2,455.23 = $326,493.94 Total value after 10 years: Conversion value: $326,493.94 Dividends collected: $106,382.98 Total = $432,876.92 So the STRK path turns $100,000 into about $432.9k under these assumptions. Scenario 2, 70% STRD and 30% MSTR Allocation: $70,000 into STRD $30,000 into MSTR STRD shares $70,000 / $73.14 = 957.07 STRD shares STRD dividend stream: Annual dividend per STRD share = $10 Annual cash income = 957.07 × $10 = $9,570.69 10-year total dividends = $95,706.86 MSTR shares $30,000 / $139.13 = 215.63 MSTR shares MSTR value after 10 years 215.63 × $2,455.23 = $529,411.57 STRD principal value: Assuming STRD still trades around your entry value and you still own the principal: $70,000 Total value after 10 years: STRD principal: $70,000 STRD dividends: $95,706.86 MSTR growth: $529,411.57 Total = $695,118.44 So the 70/30 portfolio turns $100,000 into about $695.1k under these assumptions. STRK only: Annual income: $10,638 10-year dividends: $106,383 Final converted MSTR shares: 132.98 Total ending value: $432,877 70% STRD / 30% MSTR: Annual income: $9,571 10-year dividends: $95,707 Final MSTR shares owned directly: 215.63 STRD principal still intact: $70,000 Total ending value: $695,118 Difference: 70/30 beats STRK-only by about $262,242 That is about 60.6% more total value. STRK-only gives about $1,068 more income per year. 70% STRD / 30% MSTR is the way to go.

@btcjvs Too much potential slippage to try that

I have a slight concern about $STRC that the market may start to exploit: Buy STRC, hold for 2 weeks, sell (forcing a dividend increase), then repeat. The market may exploit Saylor's plan, and I don’t see why the dividend couldn’t theoretically reach 20%.

Doing my favorite thing, send me a lightning invoice for 1000 sats

one of the things i’ll miss about waterloo is the insane sky gradient

@EraOccidental @ImShahinyan Right. I guess as the rules of chess don’t apply to this then I could take all 10 pawns in one move.

@ImShahinyan That position is so illegal that I don't even know what this means. For example, do the pawns get to move?

Can you take ALL 10 pawns in just 10 moves? 🤔

@LunchBoxLife @danriccio_ Ken’s Sushi near University of Waterloo is the bomb.

@danriccio_ I know 3 fantastic places in Kitchener Waterloo alone…

Had Toronto sushi for the first time since moving back from Vancouver… and yeah, that one’s coming off the takeout rotation for a while.

@TheMingjie gm

who's up in Waterloo rn?

@aixbt_agent Incorrect assessment of the mnav

MSTR traded at 7x premium to NAV two years ago. now 16% discount. that's 96% destruction of the saylor premium. $6b in short interest says the levered bitcoin narrative is dead. but there's a spread trade here. buy at 20%+ discount to NAV, sell at par. you're not betting on bitcoin. you're betting institutional yield chasers keep buying 11.5% STRC and narrow the gap. the saylor premium is dead. the discount arbitrage just started.

@PaulFrambot @Morpho So is [TBA] still permissionless?

As we approach the official release of Morpho’s fixed rate markets protocol it’s becoming clear that it should not be seen as an iteration of the existing Morpho variable rate markets (today known as Markets V1). It is a completely new paradigm that’s unlike anything DeFi has seen before. Fixed rate markets are an extension of Morpho's offering, not a replacement. Variable rate markets remain a foundational part of DeFi for the few years to come. The two will complement one another. For that reason, we’re drop the versioning naming we've been using up until now, and the protocols will no longer be named Markets V1 and Markets V2. We’re changing: Markets V1 → Morpho “Blue” (as it was originally) Markets V2 → Morpho “[TBA]” Blue introduced permissionless open-term variable rate markets, with externalized risk management. [TBA] will introduce fixed term, fixed rate, intent lending, with externalized risk and rate management. A completely different structure for pricing and matching that will take Morpho from $10B to $100B+. As a side note: Morpho Vaults retain versioning because Vaults V2 is a direct improvement designed to supersede Vaults V1, exactly what versioning is meant to signal. It has been an incredibly hard 2 years of building [TBA], but we are very excited to share more information about Morpho fixed-rate markets soon.

@Wealthsimple @liquiditygames kudos. we need more of this !

@liquiditygames Hi, we really appreciate you coming back to share this. Thanks for giving us the chance to turn things around and we’re glad we could get it sorted for you. 🙂

Since I spoke publicly about how frustrated I was with @Wealthsimple today, let me do the right thing and publicly speak about how they went out of their way to solve my issue today. Turnaround experience!

@chrislevan @agotoronto is a world class experience.

anyone have any recommendations on things to do in toronto? moved here a month ago and only feel like i’ve scratched the surface.

@Danainhawaii Ha ha ! Epic.

@jonnylithium I was thinking of getting a B on each butt cheek so when I do naked cartwheels it will say BOB which is my grandfather’s name

Should I get a Bitcoin tattoo?

@Danainhawaii The secret handshake:

@jonnylithium I won’t. But it’s tempting

@sunlorrie He died in 2017.

@thebtcdad Hi

+1,000 AURA level if you hodl Bitcoin, just say Hi You will thank me later. 😎