Roman
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Why I Ultimately Don’t Think the Coinbasing of the World Will Work
I stole that term from my friend @NickyScanz - Coinbasing: the art of centralized exchanges “investing” in supposedly decentralized protocols. You’ve seen it - Binance with Aster, PancakeSwap, and a dozen others. And naturally the real danger lies in all of the ones we don't yet know about. Every major CEX is doing this - whether we hear about it in the headlines or not.
Here’s the truth: CEXs know their golden age is ending. The on-chain world is eating them alive. They’re watching their moat dry up in real time. So now they’re trying to rebuild it, this time under the banner of decentralization.
Their goal isn’t to join the revolution. It’s to own it.
"Coinbasing" is the illusion of liberation. It’s the idea that if they can’t stop users from leaving the walled garden, they’ll just build a new one to capture them. Same wardens, different scenery.
Don’t get me wrong - I’ve got no personal beef with Coinbase. They’re still my preferred on-ramp for fiat and large spot buys.
But here's why I believe it will ultimately fail.
The psychological shift is irreversible. You can’t sell people freedom and expect them to stay dependent. They will go out, explore, find protocols that speak to them. Being explorers is hard coded into our DNA as humans.
You can’t put the prisoner back in the cell after they’ve felt sunlight.
And you can’t convince a whale to live in a fish tank once it’s tasted the open sea.
🫡 From the depths —
The White Whale 🐋

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In response to your query, I start by saying that I would never call investors names like that. I, too, have been an investor. It took me a while to see past the rhetoric, to be honest, and I am a professional. And when I began to try to point things out, it got nasty. Michael has introduced a whole new lexicon, and with it all kinds of metrics which are not defined by law and, thus, not likely to expose him or the Board to legal action. "Earnings" and "Earnings per share" are well defined metrics, and misrepresentations of earnings as defined by law can end you up in jail.
Fiduciary responsibility is to maximize shareholder value and hucksters have historically relied on the difference between "value" and "price" and many insert the words "long-term" to buy them time to get out of town after the last bottle of magical elixir is sold. I do not mince words here ... VALUE must converge to PRICE and the courts will eventually get you if you keep making any statement to the contrary.
Now the way you can tell you're being had is by reading the fine print. Here's a little snippet from Strategy themselves. Notice that they come right out and tell you that OWNERSHIP OF THE COMMON STOCK OF THE CORPORATION DOES NOT REPRESENT AN OWNERSHIP INTEREST IN THE BITCOIN HELD BY THE COMPANY.
Just re-read that sentence again and again and tell me that you still believe that dilution results in you getting more bitcoin. It makes no sense. All of the people here like Chris Millas and other leaders of this group who tell you otherwise are wrong. As he said, though, it's time for me to move along. I have been muzzled ... if you have read this far and want to at least support the right to disperse ideas far and wide, please repost.
@PrestonPysh @dotkrueger

Mookzilla@muqhlis_malek
@Strategy @JoshMandell6 would be amazing to see your take on this. Strategy still thinks that its investors are a bunch of stupid retards that “own a share of the bitcoin strategy has” which is why BPS matters to them.
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Your Bitcoin deserves better than sitting on an exchange. We can help you with that. We’re giving away our favorite hardware wallet, the COLDCARD Q!
Just repost and follow @COLDCARDwallet for a chance to win.
Winner will be selected Thursday 8/14
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I am seeing more and more people dispute the power law because “Bitcoin is sacred” “the capital is pristine” and other non sensical statements.
The power law does not assume anything. It’s the mathematical and statistical reality of Bitcoin address growth, hash rate and prices over the last 16 years.
There is no evidence whatsoever to suggest it is changing or will change.
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@dotkrueger Use @AquaBitcoin and never worry about which other chain you need to fiddle with for your USDxyz
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GM 🫡
The amazing Nerdaxe Hydro hits our website tomorrow. 🌊
Open Source Bitcoin Mining Cannot Be Stopped.
Solo Satoshi 🇺🇲@SoloSatoshi
Solo Satoshi is giving away one Nerdaxe Hydro, shipped FREE to anywhere in the world. Simple Like👍, Share 🔄, and Follow ✅. Winner announced this Friday. Good luck!
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We're giving away the all new NerdQaxe++! Want to take a shot at winning? See the post below! 👇🚀
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Solo Satoshi 🇺🇲@SoloSatoshi
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🌎FREE Worldwide shipping🌍 🚀Winner announced Friday! 🚀 English
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🚨Official Solo Satoshi Giveaway🚨
*The New and Improved NerdQaxe++*
🔸 How to Join?!🔸
1. Share 🔁
2. Follow @HomeMiningPod
3. Subscribe @Solo.Satoshi" target="_blank" rel="nofollow noopener">youtube.com/@Solo.Satoshi
🌎FREE Worldwide shipping🌍
🚀Winner announced Friday! 🚀


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