Jimihendrix

@CalebFranzen x.com/adambliv/statu…

Look, I'm not a super smart guy... But I'm having a hard time with this. $STRC pays an 11.5% dividend yield. That yield, as far as I'm concerned, comes from: • Bitcoin's appreciation • The ability to issue $MSTR equity • The ability to issue $STRC preferred equity But $MSTR is sitting on an unrealized loss of ~$11Bn. $MSTR stock is down -78.4% from its highs in Nov.'24, but it's also down -37.7% in the past 6 months and -70.3% in the past year. In other words, the first two options are off the table. Which only leaves the third option as viable... But then the ability of the asset to pay an 11.5% yield is based on the ability to issue more of that same asset? Explain this to me like I'm 8 years old. Please.

@adam3us @EneaDenkt @brian_trollz You would have thought Satoshi would have had an inheritance plan in place for his keys. Can’t think he would have lost his keys.

@brian_trollz if you lose your keys, your expectation is the coins do not move... that's what bitcoin is designed to assure. if a signature algorithm, or hash function fails over time to cryptanalysis, you deprecate it. it has been that way for decades in internet security protocols.

Quantum vulnerable coins that have dead owners, or keys that were lost, are no different than coins in an exchange hack. That is not the protocol's problem.

@Z06Z07 Yes

Quantum doesn’t kill Bitcoin. It selects the winner. If ECDSA breaks, Trillions of $$ don’t get stolen. They becomes economically obsolete. Non-quantum-resistant addresses lose trust. The Bitcoin network forks around what can be secured. We’ve already seen this playbook: Bitcoin Cash (BCH) Bitcoin Satoshi Vision (BSV) Bitcoin Gold (BTG) Hashrate migrates to the secure chain. Capital follows certainty. This isn’t theory, it’s how the network has behaved. Any coins that remain non-quantum-resistant, whether 1M or 4M BTC, are effectively removed from the economic supply. What remains becomes the new float. I posted the same hash rate chart in both Log and Linear scale. In linear scale, the hash rate is not discernible. @saylor

@alistairmilne Saylor liquidated

Reasons for the weekend carnage, wrong answers only!! My submission: boomers dumping BTC they bought at $200 so they can buy the Gold dip

@dotkrueger Just wait until they discover cold fusion...the economic implications are staggering.

Horse owner to Henry Ford: "The Car is a Bubble".

@dotkrueger Hungarian Forint

I was told 444

@HukAleksandra Look on the bright side. Soon you will not have a job nor have any wealth or income to tax.

Me: I earn £100k HMRC: That’s nice, we’ll take £45k Me: I bought a car HMRC: VAT applied Me: I want to gift my kid £5k HMRC: Taxed Me: I made money from crypto HMRC: You mean we made money Me: I made £50 profit on Vinted HMRC: That’s income. Tax it Me: I bought a house HMRC: Stamp duty please Me: I want to retire HMRC: Pay tax on your pension

@dotkrueger Flow between address cohorts over the past 12 months.

@PerdidoStacks @dotkrueger Bitinfocharts.com

@dotkrueger What was the page referenced @jimihendrixson

@_Checkmatey_ @AGratefulApe So cypherpunk Whales are switching from cold storage to ETFs which allows greater tradfi acceptance. They can use the IBIT options liquidity to generate yield more effectively.

@jimihendrixson @AGratefulApe Yeh that would be ETF custody breaking down wallets into smaller UTXOs mate. I'm telling you, stop using whale data, its useless.

Folks are only just coming around to the idea that existing BTC holders are the primary source of sell-side pressure. Chart shows current 30-day sell-side pressure 🟠 is ~$34B/month No, the coins are not rotating into ETFs 🟢, nor are TCos big buyers🟣. Neither is large enough.

@_Checkmatey_ @AGratefulApe

@AGratefulApe @jimihendrixson Literally any other data. charts.checkonchain.com has everything you need for Bitcoin

@_Checkmatey_ @_checkonchain @_Checkmatey_ @dotkrueger over the year the Whale addresses >1,000 have sold 695,048 Bitcoin whilst the Sharks have bought 1,022,514. The market is selling to the Sharks, the ultimate lettuce hand predator.

@_Checkmatey_ @_checkonchain It’s only 21 Whale addresses that have dropped out of the cohort. Yes, very influential but the selling is very concentrated. There is big absorption in the Sharks cohort which is going vertical. We are being played. Analysis paralysis.

Why the Hell Are People Selling Bitcoin? My latest piece is out for @_checkonchain subscribers. The topic...well, it's in the heading. Link below.

Sure they are exchanges but if you drill into the flow of these addresses over time the selling is only coming from 21 addresses which have fallen out of the Whale >1,000 cohort. There has been a big surge in the Sharks absorbing the flow. So market is very narrow and sell off not likely sustainable.

@jimihendrixson Sure, and most of those are exchanges. Discard it, the data is useless.

@_Checkmatey_ But the addresses are listed bitinfocharts.com/top-100-riches…

@jimihendrixson Whale data is nonsense, full of errors, and mostly exchanges. Discard it, because it only causes confusion.

@dotkrueger Shrimps just chilling.

@jimihendrixson must be the shrimps

It's somewhat unreal the amount of OG selling. 50 Billion sold in October. Market is 107K

@dotkrueger @dotkrueger There is no correlation between income success and intelligence…!