moses maloney

@LangmanVince Yup

Am I the only one who thinks that Caitlin Clark has gotten annoying?

@cryptomanran This a terrible perspective if you have been paying attention to anything onchain or Saylor related the last 3 weeks

NOT HAPPY ABOUT THIS. DOWN MORE LIKELY. Let's look at the set up, Yesterday Bitcoin made another attempt to break out of the flag. The attempt was Saylor have a great last day before STRC went ex-dividend. The attempt failed. Now Saylor is out of the market on STRC for a while (3 weeks). Without him I don't see how we break the flag and if we don't break it - its down from here! First level: $79k must hold. Second Level: $71k. I don't even want to talk about anything after that...

@BitcoinErrorLog Analogies are baked into how our brains developed. Foolishly comment to assume they stop being useful after graduating from childhood.

For the most part, analogies are for children. You should be extremely skeptical when someone uses them to explain something to you, and especially skeptical if that analogy feels like it is blowing your mind.

@BackslashBTC You guys are a flea on the elephant’s back. Barely relevant. Can you please explain why you are staying the course with this campaign?

@HodlMagoo Magoo, not sure why you’re dying on this hill. For him to keep the machine functioning, he has to adapt to changing conditions. What’s so bad about selling a small amount of the stack to do that? Upside downside is obvious

Saylor has just demonstrated he is indeed a greasy used car salesman. We will say anything and everything in order to sell you something.

@PBDsPodcast PBD…sad work here dude. Sad work.

"Are The Cracks Starting To Show?" - Michael Saylor SHOCKING Rumor Of Selling Bitcoin

@BackslashBTC This is not accurate

This may surprise some but I do hold some MSTR. I’m not and never have been rooting against the guy (big mike). And maybe it does make sense for his business to sell some corn at some point. I guess the whole deal just reminds me why actual bitcoin ownership is so important. Saylor built his entire brand on never selling, in fact he told others to go into debt to buy bitcoin and even sell a kidney before they ever sell a sat. His evolving financial engineering complex has forced him to *potentially* pivot on that credo he recited so vigorously. And if you bought MSTR or any other product of Strategy’s on that premise (which I’d wager many shareholders did), then yesterday really was a trust-breaking moment no matter how you justify the current or future need to sell. And in short, that’s why we bitcoin (the real thing). And it’s why despite my own relatively small exposure I’d never recommend MSTR or any other proxy to someone else. With real bitcoin you don’t have to trust a leader to follow through on what they’ve preached for years. There’s no shifting of management priorities to worry about. It’s also why the last couple years in bitcoin, particularly working in the space, have been somewhat frustrating, because the initial onboarding mechanism for many new entrants has been the treasury cos. And for many people it’s been a shitty experience and undoubtedly tainted their view of bitcoin. And then this digital credit narrative is even worse bc it’s like ppl just gave up on convincing people of why they should own bitcoin. “Here’s your low vol capped upside nominal yield, I know the real thing is too scary and complicated.” Up until yesterday, saylor’s dominant pitch was that there is no second best, and it’s completely irrational to ever sell any bitcoin. Now to be fair, on an individual and personal level, I’ve never actually believed that second part to be true. Bitcoin is money and a core use case of money is to use it for things when you want to improve your life or help your family, and that can mean selling some sats for dollars. Store of value is just delayed medium of exchange. But that wasn’t the premise of MSTR. The corporation is not an individual. The idea was this entity is a BTC blackhole. Yesterday it became, “well actually, just to inoculate the market, in case we ever do need to sell more, we’ll probably sell some just to see what happens.” The saylor-head rebuttal here is that this has always been the model. Sell high-cost-basis BTC for tax benefits, optimize BTC per share, etc. Fine. But it’s a slippery slope. And that’s not what was sold to investors. It’s factually incongruent with the historical rhetoric and marketing. And that’s not to mention all the “yieldcoin” crypto defi bullshit that saylor is now suddenly advocating for because it benefits STRC. The thesis has changed. And maybe that’s okay. Hope it works out. But all the more reason why people should just stay humble and stack sats, not dats.

@coffeebreak_YT He has 818,000 bitcoin. May want to include that in your analysis.

just so everyone's clear: Saylor wants to use $STRC sales to buy bitcoin. Saylor wants to pay $STRC 11.5% dividends by selling bitcoin. this will not work long-term.

@LeveredUSTs Come on Dines. I love your work. You don’t honestly see the logic in the long term strategy here? And some grace for adapting to market conditions?

$MSTR is in a wild reversal pattern If short sellers decide to be too aggressive, he will just liquidate them using $STRC proceeds If bulls get too horny he just slams the ATM Meanwhile $STRC is a few cents from par And people lose their mind on the idea he would sell Bitcoin to pay for dividends if need be, which is the whole premise of the entire operation; buy btc, it appreciates more than the volatily stripped through $STRC, use proceeds to pay dividend As long as the long term annual appreciation outpaces the yield, it’s net accretive to $MSTR BTC yield But the haters move the goalposts to be angry how it will fail and every discussion ends up at the fact it fails or succeeds at the crux of BTC appreciation, which ironically most of these people think will do well over a long period of time His credit ratings will improve, allowing larger allocations, index flows will eventually hit when listed and $STRC will start to act as a rate anchor that is akin to a central bank increasing or decreasing liquidity, which strips volatility from bitcoin, which in turn increases demand and liquidity It’s the next phase of global capitalization of Bitcoin. Completely different game. Delete your fractals because your context no longer matches. A passive bid on a finite supply is now driving this market, in a global market that hasn’t seen a broken business cycle yet.

@BitcoinErrorLog He had some succinct comments on yesterday’s earnings call to address your concerns

I am so sure that the Saylor saga will get retarded that I am already going to point out that I was the first bitcoin pundit that went all-in against him as bad for Bitcoin and say "i told you so" Bookmark this.

@RoaringRagnar Interested

Personal update: I've been studying how Elon Musk runs his companies for years. The Algorithm, first principles, radical deletion, all of it. Over the past weeks I compressed everything into a single .md file you can upload to any AI. It turns ChatGPT/Claude/OpenClaw into the most brutally honest advisor I've ever used. 7,000+ words of instructions. It's my Digital Elon. I use it for everything. Releasing it soon. Reply "interested" if you'd like to try it. Reply "affiliate" if you're interested in becoming a 50/50 revenue share partner to help promote it.

Mark my words: the next BTC pullback or consolidation period will see $MSTR reflect Saylor’s now-broken promise and narrative of never selling BTC. Much of the capital he attracted at a NAV premium was based on the belief that he would never sell the underlying asset. $MSTR now looks like an inferior Bitcoin exposure vehicle in the capital markets.

@JesseKobernick It was an important to nod to all three legs of the flywheel during this monumental call. Messaging was done for a reason. Not silly

@BitPaine 👆👆👆

Oh and if you’re wondering why Saylor doesn’t want to doxx the addresses of his entire stash, this is why. The market would attempt to front run any $MSTR selling.

@BackslashBTC It’s getting to be embarrassing for the OnRamp team. Picking a no reason fight with no upside and dishonest marketing. Won’t end well for you bros. ‘But…but…but…custody.’

Never sell your bitcoin * * unless of course youre inoculating the market

@DanteTheDon @phish @SphereVegas @johnsummit @livnightclublv Dude, I have no idea who you are, but that is a helluva evening you have lined up 🫡

Big time ying & yang tonight. Going to my first @phish show at @SphereVegas with the fellas. Then we’re going to see John (aka @johnsummit, dear friend of the program) at @livnightclublv. Couldn’t be more excited. #MaxBash26

I continue to watch Bitcoin here following its mild winter from $126k to $60k. Its momentum and Sharpe Ratio continues to improve vs gold and other asset classes (including commodities). There has been a clear rotation away from gold ETPs back into Bitcoin ETPs. While Bitcoin’s true believers say that you should never sell, for me Bitcoin is one of many assets to choose from on the 60/20/20 menu, and there are levels at which Bitcoin makes sense and at which it doesn’t. Per the chart below, which shows the detrended gold/Bitcoin ratio in blue and the spread between Bitcoin and its power law in pink, at the recent low we got a double-accumulation signal. If the bear flag in the earlier chart gets rejected by new highs, the next bull may be underway.

@BitPaine The retarded nature of it is strong: Saylor does something innovative using fiat and tradi-fi markets to make Bitcoin better. Trad-fi mostly happy EXCEPT trad-fi bros that became bitcoiners to start trade-fi company in bitcoin are mad

A lot of the Saylor hate we are seeing recently is a consequence of the increasingly widespread recognition that he has won. Crypto types spent almost two decades trying and failing to build profitable businesses without realizing all they had to do was buy and hodl Bitcoin.

@MTanguma @PunterJeff @mikewmunz @OnrampBitcoin There is no debate about custody risk here. It exists with MSTR and STRC and every Bitcoin treasury company and ETF. But that does not make the argument for institutions to hold the underlying - that is part of the risk calculus buying STRC. It’s known. MSTR is transparent

@johnnyRingooooo @PunterJeff @mikewmunz @OnrampBitcoin That makes zero sense. If the underlying is compromised what do you think happens to STRC?

This @OnrampBitcoin FUD campaign is really something Maybe people are leaving their platform in favor of yielding equities they like more