Spunkyperch
1.1K posts


@brucefenton Please tell me the break up who has the BTC, as the institutional money has only started recently. There is 5% to be minted, 75% in cold storage so I would not say it's centralised. People will realise that NYCNYC is a saying for a reason.
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Banks and Paper Bitcoin:
“We don't want that centralization.
It's not a victory. It's not what we are here for.
We're here to replace these guys. We don't need them. They came to this kicking and screaming after a decade of making fun of us.
They are not here because they like this. They're here because we beat them year after year after year after year for a decade. We said, "We have the best performing asset in the last 100 years and you're not allowing people to do it." They didn't come here for cypherpunk values. They came here to grift and make a buck. They don't care about our values. They're not a victory. They need us more than we need them.
Personally, I recommend that everybody tell them to go pound sand and go and take self-custody and self-sovereignty and replace them, grind them into the dust.
That's what we were supposed to do with this industry.”
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@SimonDixonTwitt When you say that should we be taking the exposure that the legacy cartels have? By that I mean that we are at 95% BTC minted which a set schedule for the rest, but I would that that they would only have a small exposure due to only being in BTC for the last couple of years??
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Yes.
Strategy $MSTR and other financial weapons of mass destruction are a toy for Wall Street to manipulate Bitcoin price short term.
When done they can leverage it to the max and send it into Chapter 11 to lock in the dollar value of Bitcoin at a market bottom and keep the upside.
Or just keep it as their toy.
I think the latter as there are many debt holders and preference holders.
Just don’t think it is a resistance.
It’s the opposite.
It’s nothing personal against Saylor.
It’s systemic.
It’s what Wall Street does when you take their equity and debt capital market drugs.
They may even turn it into a bank to create more paper Bitcoin for the financial industrial complex to swipe more real Bitcoin.
They can’t change you holding it in self custody and they can’t manipulate Bitcoins long term price though.
Molly Pitcher@FreeMollyP
@SimonDixonTwitt Simon, what then happens to MSTR long term? Doesn’s the FIC want it to succeed to draw in more controlled ownership?
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@DanCollins2011 It's not just the cost but how long did Huajiang bridge take to build?? It would take 5 years at least in the west...
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@SimonDixonTwitt #BTCSlefCustodySqueeze Nov 29th withdraw to your wallet day.
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@SimplyBitcoin Stop talking fiat values FFS.
When BTC hits 1M nothing will be valued in fiat as BTC will be THE unit of account!
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@saylordocs Please tell me what he created, certainly not Bitcoin and not fiat yield. So what 'Seemingly Magical' thing did he create? Maybe false hope of wealth through fiat financialisation and fiat dividends that are being inflated away faster than ever!
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@natbrunell @saylor @Strategy Irony of talking about BTC and credit ratings is not lost on me.
BTC is about exiting that system, that is no longer needed, why don't you get back to BTC roots. Self Sovereignty for people and value of your time the only commodity.
All you podcasters need to evaluate you stance
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NEW: We just had the first-ever rating of a Bitcoin treasury company by a major rating agency.
This is huge news for @saylor’s @Strategy, which pioneered Bitcoin-backed preferreds.
A few months ago I asked CEO Phong Le about credit ratings and he explained the significance. 👇🏼
Michael Saylor@saylor
S&P Global Ratings has assigned Strategy Inc a 'B-' Issuer Credit Rating (Outlook Stable) — the first-ever rating of a Bitcoin Treasury Company by a major credit rating agency. strategy.com/press/s-p-glob…
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@Vivek4real_ No they not exposure is not buying BTC , self custody is buying BTC.
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@BoldBitcoin Quite correctly I might add, people need to understand that they have to work longer & longer to get the same value. Currency debasement not understood but simple to learn.
Everyone should know
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Saifedean Ammous says, Your groceries aren’t getting more expensive; your money is losing value. Only #Bitcoin fixes this.

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@saylordocs Still talking about fiat. That's why Scottie Pippen met Satoshi.
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@UTXOTimes The whole point of BTC is you don't need banks...
But of course that does not fit your narrative as you need to keep fiat alive... As if we are on a BTC standard they you will have to pay BTC dividends... Ain't no yield there.
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Michael Saylor on the future of #Bitcoin:
- Banks will start lending against your Bitcoin
- United States government will hold Bitcoin
- Big tech companies will embrace Bitcoin
- You will have Bitcoin on your iPhone
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@maxkeiser Didn't they stress test that last week... Turned off AWS for a bit too see what works happen....
BTC didn't notice.
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Did Tom mention that ETH can disappear with the flick of a switch.
Cointelegraph@Cointelegraph
🚨 TOM LEE: The stock market’s steep drawdowns despite recent gains, show Bitcoin could still face 50% declines ahead. Do you agree with him?
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Court decides Aussie mum doesn’t need to work in the office, she can work at home.
Businesses will soon decide to offshore every job that can be now done ‘remotely’ as it now no longer needs you to be in the office.
Becarful what you wish for.
Matthew Camenzuli@Matt_Camenzuli
The government had no right to force companies to allow work from home. Work from home is not a right. There is no point starting a new complex business in Australia. This will destroy what's left of the economy.
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@Dysfunky @HodlingCarla Really when not if but when you go to withdraw it and it's not there you will understand the importance of self custody. BTC is Trustless meaning do trust anyone else with your money, take responsibility and self custody. Those who don't will complain loudest!!!
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@HodlingCarla I’ve had bitcoin on Coinbase since 2012 and never had a problem. Why does everybody say that about the exchanges?
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@HodlingCarla #BTCSelfCustodySqueeze Nov 29th withdraw to your wallet day.
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@pete_rizzo_ Just because you go around telling everyone how great you are doesn't make you great.
Great people are selfless and do things to benefit all!!!
Name a great person you say...
Satoshi Nakamoto gifted the world the most important gift ever so far!!!
Invest in the PEOPLE michael.
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JUST IN: BILLIONAIRE MICHAEL SAYLOR EXPLAINS HOW HE IS USING #BITCOIN TO BRING "SOCIAL SECURITY TO OVER 1 BILLION PEOPLE"
WE ARE WITNESSING GREATNESS 🔥
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@trendingbitcoin It is a shame, for someone seemingly intelligent for them to say something ridiculous as that.
He needs to read The Bitcoin Standard or The Big Print.
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Time to self custody. Ignore the noise.
#BTCSelfCustodySqueeze Nov 29th withdraw to your wallet day.
Join the movement!!
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@nextlayercap How do banks lend against your Bitcoin if everyone is a custodian of their own BTC??
Still sitting in that fiat world I see, fool the greedy but not the intelligent!
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Michael Saylor on the future of #Bitcoin:
- Banks will start lending against your Bitcoin
- United States government will hold Bitcoin
- Big tech companies will embrace Bitcoin
- You will have Bitcoin on your iPhone
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