@JoshMandell6 The majority of people are missing the principle that over leveraged, single actors are primarily what bitcoin is the antithesis of. This sounds like MSTR essentially wants to become the Fed of BTC and use individual investors' dilution as a means (tax) to achieve said
@JoshMandell6 The majority of people are missing the principle that over leveraged, single actors are primarily what bitcoin is the antithesis of. This sounds like MSTR essentially wants to become the Fed of BTC and use individual investors' dilution as a means (tax) to achieve said
Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
amazon.com
Thiel blamed the "gerontocrats" for Bitcoin's failure to reach $100,000 pinning blame on Warren Buffett, whom he called a “sociopathic grandpa,” as well as Dimon, the 66-year-old chief executive officer of JPMorgan who called bitcoin a "fraud" on multiple occasions, and BlackRock's Larry Fink, 69, who recently ran the Fed's direct corporate bond an... See more
ZeroHedge • In Stunning Speech, Peter Thiel Blasts Buffett, Dimon, & Fink As "Finance Gerontocracy"; Sees Bitcoin Rising 100-Fold
The first part isn’t entirely unfair; scams and ponzi schemes are everywhere, and it seems clear that we are in the middle of an ever-inflating bubble. It’s also the case that an entire set of legitimate use cases are in reality regulatory arbitrage; crypto advocates are far too quick to ascribe all of the issues with the current monetary system to... See more