SSF Enterprises

You'd think with $MSTR -80% from highs, bagholders would be more skeptical of every new "digital credit" innovation and its effect on the capital structure, but given the hype over $STRC, that appears to not be the case. While consensus on crypto twitter seems to be that $STRC provides an infinite money printer to buy $BTC, the reality couldn't be further from the truth as it increases the downside price and dilution reflexivity to $MSTR, thus endangering the whole capital structure. There is a point of no return on both 1) the amount of $STRC as a percentage of total Enterprise Value as well as 2) the interest rate it can pay, that risk an $MSTR death spiral. And given they will probably never decrease the $STRC rate, this represents negative one way downside risk for the structure.

okay i'm gonna go workout for the next hour by the time i'm back wti on hyperliquid better be above 98 again otherwise all of you are an embarassment

Fourth most popular listing for "travel" on Korea shopping site: EUROPE anti-theft cell phone strap lol

Hey Haseeb, if you're going to try to rewrite history, I'll set the record straight - Bo and I co-founded Dragonfly 1+ year before we hired you to join us. The firm was not at 0, we led plenty of great deals. We both had solid prior track records as well. We led investments into many well-known crypto companies (and Bo dozens of Chinese unicorns) back when you were "playing" poker.

about the recent sbf pardonposting. think its clear ryan salame got raw dogged simply for refusing to testify against sam. imo thats a glimpse into that the us court system is more kangaroo than many want to admit. this is because they basically create the case that will lead to the result, then bully everyone into testimony. this is not justice, its a kangaroo court. i think people chunk the trial and then take sam's guilty verdict as proof that he stole the money, but his argument that he was not allowed to present evidence is also largely correct. actually, kaplan fucked him at every turn: didnt allow him to use "relied on lawyers" as a defense (negates intent), that customers will get paid back (negating harm), excluded solvency evidence, excluded discussion the 12th section of t&c that says if you agree to margin lend its risky and you may not get paid back, forced "dry run" of defense which is highly unusual to say the least, and many other things. imo kaplan is a highly suspicious judge. the trial narrative was largely a fiction constructed by prosecutors and s&c to stick all the blame on sbf. s&c is as smart as they are malicious and i wouldn't be surprised if they end up having contributed to this bad pr. imo it is not even controversial to say that what the jurors saw and heard is not anywhere an accurate portrayal of what happened. they think sbf stole all the money and disappeared. reality is a tiny fraction of the money was actually missing at the time (yes even valuing all sam coins at zero, valuing all claims as in kind, etc.), probably (my guess) from the alameda blowup within the margin lend system after the market giga puked. sbf was a sloppy ceo to the point that he was prob criminally negligent. but if he is a thief, where is the money? all these transfers are on chain, so there is always a paper trail. sbf at every turn tried to keep ftx afloat (pay customers), simply because it is in his own best interest to do so, so to me the motive component of fraud doesn't line up either. in fact if he didn't sign bankruptcy, i think ftx customers would of been paid faster and the whole shebang would still be running today (similar to bitfinex) as it was also a highly profitable business. at the end of the day how shady sbf lines up in the crypto hall of fame wouldn't even crack the top half. he was just a dude way in over his head that rose to his level of incompetence. but in this industry, might makes right, so the real mobsters get pardoned, guys like sbf get chewed up, and the system pats itself on the back. i don't have to agree with that system. i think ryan salame shouldn't be in jail for refusing to testify and for having no involvement with the customer loss of funds, getting ringed up on a chickenshit process crime and then the penalties tripled to make an example on their threatening him into submission. this to me is a completely uncontroversial opinion. similarly i don't think sbf's trial was remotely fair to him either. none of these views should be controversial but they apparently are, i think because people have bit so hard that this is the guy that stole the money. so its easy to say "fuck you, thief", it is easy to parrot the exact same slop opinion but i would invite anyone who disagrees, to ask ai about the trial and what happened, as all of the points i mention can be proven. i don't have any bone to pick either, i don't need to be proven right. i am simply reporting how i see it, and let that be that. free salame. free sbf.

I know I am really not "reading the room" right now, but if you had a token with a built in hedge that protected downside, crypto would be a lot less scary.

The collectables market probably has its best ever 5 year period in the years to come. Modern investing changed, it’s about culture and passion, and having something to hold and display. One Piece best performer. Pokemon solid growth. Sports continues domination. Times changed

To be very clear: - This is not, in ethos, my proposal. Aave Labs has (for whatever reason) unilaterally submitted my proposal to vote in a rush, with my name on it, and without notifying me at all. If asked, I would not have approved it. - It was not my intention to submit the vote while the community was still having a healthy discussion around it, with valuable points appearing continuously. It breaks all codes of trust with the community. - Public governance is supposed to be for, even if hard sometimes, open discussion. Trying to rush a vote is disgraceful.