Lee Hendricks
5.5K posts

Lee Hendricks
@lhendricks92
Freedom-for-all Maximalist #Bitcoin
Austin, TX Katılım Mart 2009
926 Takip Edilen661 Takipçiler

What is Wemby gonna do?
gif only responses plz 🙏
Shams Charania@ShamsCharania
Breaking: Oklahoma City Thunder's Shai Gilgeous-Alexander has won his second consecutive NBA Most Valuable Player award, becoming the 14th player in league history to win back-to-back MVPs, multiple sources tell ESPN.
English

@ShamsCharania Good. This young man gonna stuff SGA in a locker and take his lunch money.
GIF
English
Lee Hendricks retweetledi

The Thomas Massie primary is truly insane. We are looking at the most expensive U.S. House primary in history, with spending pushing toward $35 million.
Massie's opponent, Ed Gallrein, has raised just $2 million on his own. The rest of the money, over $14 million, is coming from outside Super PACs who desperately want Massie gone.
On top of that, Pete Hegseth is being deployed to Kentucky to campaign against him. Stephen Miller & Con Inc. have been on massive Twitter tirades attacking him. And there was a highly coordinated smear campaign of unfounded allegations launched this week by Con Inc. influencers.
When the establishment is willing to spend $35M+ and go to these lengths to take one man down, it really makes you wonder why.
Whether you like Massie or not, this election will determine whether or not we as voters actually have a voice anymore. If outside special-interest money can successfully buy a seat and sway an election like this, we have a serious, serious problem.
English

@Mikehomeseller I loved dodgeball. I was a smaller kid, but I had a helluva an arm and caught everything. I was a dodgeball MENACE.
English

Who remembers these days? Now they won’t even let the kids have goalies in gym class.
#mikesquestions #Humor

English
Lee Hendricks retweetledi

@wavytalkhoops Duncan is a sure bet, but only one of these dudes is from another planet.
👽
English

@Mikehomeseller Alice in Chains
The Cars
Massive Attack
Thievery Corporation
Depeche Mode
Fleetwood Mac
The Who
English

What are your favorite bands with more than one singer?
Ex: Fleetwood Mac - Stevie, Christine , Lindsey
#mikesquestions
English

@20th_Centurygal Most people rightly love their huge hits, but lesser known tracks are the real gems on their early albums -
Dreamtime
Resurrection Joe
Hollow Man
Nirvana
King Contrary Man
English

@20th_Centurygal Like the heat from a thousand suns that burns on...
Takes me to a higher plane of existence every time.
youtube.com/watch?v=R2Iyen…

YouTube
English

@20th_Centurygal Nirvana. I'll even give you a specific show.
youtube.com/watch?v=aIr_IX…

YouTube
English

Left-to-right to right-to-left behind-the-back move finished with a dunk. Absolutely beautiful! 🫶
San Antonio Spurs@spurs
Exclamation point ‼️ @dy1anharper | #PorVida
English

@VinnysCorner1 Avery Johnson
Satin Smooth Sean Elliot
Bruce Bowen
Matt Bonner
Robert Horry
Dennis Rodman
Danny Green
English

@RoaringRagnar @PunterJeff The biggest risk to $STRC and thus $MSTR is the shitcoin leveraged looping that @Saylor seems to be unashamedly promoting.
English

I finally watched the COFFEEZILLA vs. JEFF WALTON debate.
First of all, what an incredible performance by @PunterJeff. 👏🏻
Second, you find the full transcript of the debate below, if you want to reference certain parts of it.
Here are my key takeaways:
Coffeezilla's main objection was about language, not legality. He argued that "digital credit" misleads retail because preferred equity has no principal repayment, yet the product is constantly compared to bonds, money market funds, and bank accounts. His position throughout was that if risks are properly disclosed it's fine, but the marketing is where the trouble starts.
In my opinion these are mainly semantics, and @coffeebreak_YT focused way too much on it. All risks are properly disclosed in the SEC filings. Nothing is hidden.
Coffeezilla doesn't believe that Bitcoin will grow by 30% annually over the next 5-10 years, or 13% for 20-30 years. That's fine of course. Everyone can disagree. But it's just an opinion, and not really revelant for this discussion.
Coffeezilla is worried that the flywheel might reverse one day if Bitcoin was in a prolonged bear market or stopped growing >13% per year. Again, this risk is real, and everyone who is purchasing $SATA or $STRC has to underwrite this risk.
Coffeezilla's closing argument was counterintuitive. His expectation is that digital credit will succeed wildly. But he's worried that more issuance means a growing overhang of perpetual obligations all dependent on continued high CAGR Bitcoin appreciation, which he doesn't believe in.
So to summarize:
- Coffee doesn't believe in a Bitcoin CAGR >13%
- Coffee believes that digital credit will be wildly successful (!)
- Coffee believes that the flywheel will reverse one day and the whole thing will unwind
- Coffee doesn't understand the insurance business, or more broadly, companies that have a balance sheet and underwrite risk (like Bitcoin Treasury or structured finance companies)
Let's put these points into perspective:
1. At 13% yield, you get your full principle back after 7.69 years, and at 11.5% yield, you get your full principle back after 8.70 years. So that's the duration you are effectively underwriting.
2. Both Strive and Strategy have 1.5 years of dividend coverage in USD. Which means that your effective duration at risk is shortened by this time.
3. You can buy SATA/STRC for $100 (or below) and set a stop loss at $95 or $90. Which would mean that you'd be break-even after 5 or 10 months, and can't lose money after that.
4. Or, you can buy a $90 long put to hedge your exposure, so that your max loss is $10 if you buy at $100.
I love Coffeezilla, but here he clearly doesn't know what he is talking about.
Here's how I see it:
The more people talk about these products, the faster they will grow.
So thank you, Coffeezilla, for helping to promote Digital Credit. 🙌🏼
@saylor @phongle @ColeMacro @Werkman @Trollstein @IIICapital
Ragnar@RoaringRagnar
English

@SVeillance @PTSportsFix Gen X built different.
Imagine me describing the game to my Gen Z kids. 🤣
English

@PTSportsFix Smear the queer. That was the name of it! Probably gonna be shadow banned now. 😳
English

What album cover has your favorite art work?
#mikesquestions
English













