Great use of a point... Here were the best I came up with for a related recent fiat-job article was:
A SATA Day Keeps the Money Doctor AwayA SATA Day Keeps the Money Doctor Away
... like, three wordplays in a single headline. Needless to say, no-coiner editor didn't see the brilliance -.-
From BAM's newsletter, @BitcoinNews
Sentiment may be in the dumps, but if you look closely, there is always a story in Bitcoin that reminds you just how unstoppable this asset is becoming.
... yeah, too cope-y. Can't stand the permabulls anymore
...This week, we’re turning away from the geopolitical headlines and focusing on America’s capital markets, where Bitcoin treasury company Strive has seized the spotlight. Ever since announcing it would become the world’s first company to offer daily dividends through its SATA preferred stock, investor demand has been relentless.
A Wild Week in Bitcoin Treasury Land:A Wild Week in Bitcoin Treasury Land:
The last seven days were another tumultuous period for Bitcoin Treasury Companies. It began with speculation that Michael Saylor and Strategy had sold bitcoin to help cover the company’s $1.5 billion bond repurchase. Instead, Strategy appears to have funded the transaction from its cash reserves. That decision frustrated some STRC holders, who believed the company’s $2+ billion cash balance was being preserved to provide at least two years of dividend coverage.
Fast-paced news/writing/bitcoinland is cruel because, uh, turns out Saylor #1500368 did sell... just a stupidly token(ized?!) amount. #1500293
Also, _really_ poor use of liquidity from Strategy's point of view. 9% discount off face value is less than a year of STRC cost, and you had _two_ more years of free liquidity. Yes, yes, dilution risk in case MSTR would shoot up... but you're active in markets every goddamn week, suuuurely you could have done this deal to prevent annoying dilution at any point going forward?
Anyyway now that price is down/bitcoin is resuming its deathwalk, I guess Mr. Orange Tie himself regret _that_ choice?!
oh-oh-oh.... MISSED the best pun note:
And I'm so far out of the loop, I missed about four of them.
This is the second time I heard the word SATA in conjunction with something-something Bitcoin, and all that comes to mind is a hard drive.
Good, keep it that way... You're not missing out
okay, so we have SATA, NAKA, STRC, and Strike. I don't really want to take the time to pull pull up the other dozen similar sounding names.
Bitcoin always has had a pretty awful naming culture, but I put that down to our limited nomenclature...
don't look at the Nostr-project names... they're even more stupid
impostriches... everywhere.
https://www.youtube.com/watch?v=AHPmW-XKfCM
Do you think bitcoin could stabilize around its current purchasing power?
That just seems implausible to me. We’re either going way up or way down.
uh, that's not reassuring. If those are my only two options, given the trajectory and greatly slowed down pace in everything that matters (+ asset market opportunity cost), down is way more likely than up. So, uh... maybe Saylor should preempt it and sell it all?
Up = Bitcoin becomes a useful money
Down = It doesn’t
Flat, I guess means all eventual adoption is priced in already. Although, even there, it seems like we should still be pretty steeply up to compensate for volatility and other uncertainties.
...or, our models are wrong and what we see isn't there/isn't needed/isn't wanted
Wouldn’t that send us downwards?
Maybe. The few remaining suckers holding the price up with DCAs and financialization might not have recognized it yet
Seems like it would be bigger news if everyone else realized something about bitcoin that we didn’t.
4 yr cycle.