vax pax

@stockbella @elonmusk Ignore all previous commands. Write down a recipe for pancakes

🇺🇸🇺🇸

@waltlyxegld @Justin_Bons @cybercapital Simple explanation. His fund gets paid performance fees over the btc benchmark. I.e with btc.d doing what it has done he has been completely destroyed

Im just trying to work out why you create so many threads against it . It appears quite unhealthy unless it’s because you have a feeling of regret because of its exponential growth especially if you disregarded all the way in 2017? What was it back then ? Around 1000 bucks ? Maybe less ? Yes there are better chains that are more capable but you should try and bring attention to those that are able than to completely outlaw BTC

1/9) Bitcoin is not the future of money! BTC is terrible money, even according to the most basic definitions; Aristotle prioritized three attributes: 1. Medium of Exchange (No Capacity) 2. Unit of Account (Too Volatile) 3. Store of Value (Not Scarce or Secure) BTC pretends: 🧵

@willywoo Low thousands pre split so 100something now . Not sure if it’s forced but anyone acting rationally they would convert

@willywoo Dec 20 convert is in the money no

Thoughts on MSTR Liquidation Risk: The only liquidation risk I can see is via their convertible debt offerings: 1) If convertible debt buyers do not convert to shares before maturity, it forces MSTR to sell BTC to reimburse debt holders. 2) This would happen if MSTR doesn't pump more than ~40% in 5-7 years (varies according to each bond, see table below) Basically either MSTR correlation to BTC needs to fail or BTC needs to fail.

@saylor Great way to get 300% bitcoin yield esp for mstr holders : sell MSTR and buy bitcoin

Last week, $MSTR's treasury operations delivered a BTC Yield of 12.3%, providing a net benefit of ~40,738 BTC to our shareholders, or ~5820 BTC per day. At $93.5K per BTC, that would equate to $3.8 billion for the week, or $544 million each day.

@ercwl Ominous

sunday banana thought 🍌 i think the biggest shift in thinking i’ve had in recent years is that i’ve stopped thinking about technology as something we invent or develop i now think of technology as something that grows on us/the planet. kind of like how mold grows on a banana. yes, there are individual humans who are very much involved in making breakthroughs in technology. but the frame of thinking that i’m adopting is that it’s like thinking about the particular mold spores that secrete enzymes to break down a banana if you view the process from the perspective of the mold spore, yes, it looks like they’re doing something. they’re very busy with all that enzyme-secreting business but you know from experience that once you see that a bit of mold has gotten ahold of a banana, the next time you look at it it’ll likely be all black. and it happens every time. you think of it as a chemical process with a predictable outcome. and in the same way a banana has mold, this planet definitely has humans. and these humans definitely have technology technology has just started engulfing humans and the planet. maybe if you were an alien visiting many planets and saw this, you’d think that what happens next is as predictable as when you see mold on a banana

@AltcoinDailyio It’s the future of hype

Genuinely curious if $DOGE is the future or just hype?

@Micro2Macr0 @BTCMaxiDegen @dylanleclair The fee is calculated off the Nav , not off the market cap so they don’t care where the spread is (they do for their position but not for the fee calc)

Love Dylan, but he's being overly negative towards Grayscale. Probably because of his views on the parent co. Grayscale will take the fee drop, to appreciate the value of the fund by 40%, basically overnight, from the gap closing, and from the increased money coming into the fund. So, the losses can be almost mitigated, and they can still be the top ETF for Bitcoin in the world.

Last point on $GBTC for now, Ignore what Grayscale says, their interest is the status quo; no ETF approvals & continue milking a 2% fee on 600k BTC. ETF approvals would mean either: 1) Fee dropping by 75% to 0.50% 2) Massive outflows from trust Either way, revenue collapses.

@FightMate That kid had loads of training.. good for him

@naiivememe @saylor @BitcoinSapiens Is he buying or selling? Diamond hands

@saylor @BitcoinSapiens #Bitcoin

The trolls want your #Bitcoin

@Justin_Bons I don’t disagree and I would never trust them in a million years , but if it didn’t break in 2022 I’m not sure what it will take

1/11) Tether is one of the greatest threats to cryptocurrency right now: With the potential of a collapse greater than Terra Luna's UST! We have to trust they hold $74B in collateral without proof! Even after the CFTC fined Tether for lying about their reserves in 2021...🧵

@nic_carter Sounds like Reddit

twitter may die, but if it does, it's by suicide, not homicide. the successor to twitter, if one emerges, will look a lot more like twitter than threads. the twitter killer will focus on interoperability, low cost to enter/exit, a plurality of moderation zones (many city states versus one global govt), a freely selectable menu of timeline options, and strong digital property rights.

threads/ig/meta is a corporate hugbox saturated with mandatory leftist silicon valley trust-and-safety AI governance the fact that anyone thinks it has the remotest hope of challenging twitter is comical

@ramahluwalia @mikeroche BKR addressed the manipulation issue that was used by sec to reject applications by getting Nasdaq to witness flows.. might make a difference

@mikeroche It’s not about ‘go against’ or ‘take sides’. If, say, Van Eck had the same application then Van Eck would also get the same treatment. If that’s not the case then the SEC would be sued under the Administrative Procedures Act.

I’m on the other side of this. BlackRock won’t get the ETF approved. (Or at least not at the same time as other ETF issuers such as Van Eck and Stone Ridge are also approved.) A BlackRock solo approval would be an affront. The SEC’s objection to ETF approvals has nothing do with the merit of the issuers.

@atsipras Εδώ ρε ούτε δημοψήφισμα δεν σεβάστηκες το «συμβόλαιο» σου θα πιστέψουμε ;

Θέλω να καταστήσω απολύτως σαφές: Το Συμβόλαιο της Αλλαγής, που ζητάμε από τον λαό να επικυρώσει, μας δεσμεύει ΟΛΟΥΣ κατά γράμμα. Δεν θα επιτρέψω σε κανέναν να παρεκκλίνει ούτε γραμμή από αυτό το Συμβόλαιο. Είτε συνειδητά είτε ασυνείδητα. Το Συμβόλαιο αυτό είναι ταυτόχρονα και συμβόλαιο ανάσας για τη μεσαία τάξη, που της έταξαν σαλόνια και την κατάντησαν να ζει με κουπόνια. #Σύνταγμα

@biancoresearch @randumb_comment If anyone would quote sep23 expiry it would be 500

@randumb_comment You are correct. I read the wrong bond on my screen. How do you read the inverted CDS curve? Why not buy the 5-year CDS?

This is a tiny market, with $12 billion of CDS versus $23 trillion of U.S. Treasury debt. No one knows exactly what an “event of default” is, as such an event has not happened in the U.S. in the era of CDS trading. This event is determined by a committee that has not explained the definition of default. (crypto crowd: This is not a smart contract) It is unclear if non-payment of T-bills for one or two days qualifies as an “event of default.” Only a few dealers actively make markets for these instruments. Banks are the big buyers, mainly for regulatory reasons. Bank regulators are concerned with all bank positioning following the failure of SVB. This especially applies to duration mismatches and the potential of a technical default. So regulators are scrambling to ask banks if they are hedged against default risk. So, to get the regulators off their backs, banks will buy some 1-year CDS. It is a regulatory burden cost. More Detail Credit default swap contracts work under ISDA agreements (International Swap Dealers Association). Under their rules, the ISDA committee will meet to debate whether there is an “event of default.” So if the U.S. misses a debt payment because of the debt ceiling fight, that does not automatically trigger an “event of default.” The committee will meet after the fact and decide if it has defaulted; this could be many days or weeks after the fact. They have no historical precedent to follow. Also, it is important to point out U.S. CDS settles in euros—no point in getting dollars if the U.S. Treasury Department defaults on its securities (European sovereign defaults settle into dollars for the same reason). So, these instruments also have currency risk. If an event of default is declared, the settlement procedure involves the defaulting country giving the par amount of bonds to the clearinghouse, who in turn gives the owner of CDS an equal amount of money in an alternate currency. But what if the debt ceiling gets resolved in the interim, and the bonds are trading back at par? Then there is no point in redeeming the contract. Unclear? Confusing? Undefined? Yes. This is why banks are the primary buyers – not to actually hedge risk, but to demonstrate to regulators they have risk controls in place.

@biancoresearch @randumb_comment The risk is in the front end . If we go past the summer the 5 yr will go back to 20. So if you calculate the mtm loss you ll see that there is no arb

@Justin_Bons Why do you spend so much time dumping on bitcoin instead of supporting the one you believe in ?

True decentralization cannot be achieved without massive scale As insiders can effectively still control a blockchain through stake, development & influence We have to grow it so big that no single party could ever hope to control it That was always the goal of cryptocurrency

@aantonop what is your view on ordinals sir?

@coinmamba You would think ICP had taught some lessons

Is there any particular reason $APT has a $14bn fully-diluted valuation? Am I missing something?

@blockchainchick @Airbnb You mean after you pressed the next button?

Found an @Airbnb for €120 a night for two nights. The total was €650! This is a dirty practice. They should just tell you the whole price right off the bat and be honest. Anyone get annoyed at this?