r/Buttcoin

The biggest ponzi of the history is getting even bigger! 35K BTC this time. Dumping $2.5B more on decentralized spreadsheet real estate. What an investment!
🔥 Hot ▲ 100 r/Buttcoin

The biggest ponzi of the history is getting even bigger! 35K BTC this time. Dumping $2.5B more on decentralized spreadsheet real estate. What an investment!

I mean this is one of his most aggressive purchases.

I am wondering what will really happen when the bad times really come and it will be harder to manipulate the markets as well as finding credit and dumb investors to fund the ponzi.

He surpassed Madoff already.

Madoff at least had his class. The guy was brilliant in terms of planning his ponzi, setting up the scheme. Unlike Saylor, he was also the market maker and he was printing money. He really didn't need to run his investment firm ponzi at all. Saylor on the other hand, runs a very unsuccessful business and he got caught cooking his books during the dot-com era and settled with SEC. Given that the current SEC chair is Paul Atkins, who was one of the main architects of GFC as an SEC inspector turning a blind eye to what was happening back then, we shouldn't be surprised that this type of ponzis are welcomed in the US.

This is totally unsustainable.

It will come crashing down in flames

We just don't know when.

u/Master-Sky-6342 — 6 hours ago
🔥 Hot ▲ 127 r/Buttcoin

The guy does not aware that he loses his principal immediately the moment he invests in STRC. You need to be dumber than dumb to fall for this ponzi

Michael Saylor himself says in his interviews that once the money is invested, the capital is owned by STRC and he can determine the dividend he pays as he likes. He also doesn't have any obligation to pay dividends at all and there is no capital payback.He also asks fascinating questions about dividends being changed and Microstrategy going under.

What I find more insufferable more than crypto bros is a crypto bro that invests in Saylor's ponzi.

This is an even dumber investment than Bitcoin.

u/Master-Sky-6342 — 19 hours ago

Today's r-bitcoin front page c0pe, an oldie but goodie: "Last chance to buy bitcoin at this rate!!one!11

u/AmericanScream — 2 days ago
🔥 Hot ▲ 67 r/Buttcoin

STRC is giving dividends semi-monthly. Next is daily dividends so cash flow feelz good.

Hmmm...

Interesting.

A lot of buzzwords to cover financial engineering?

Why this could be? Now is the time for psychological manipulation of feeling good for money flowing more frequently to the bank account I guess.

Or could be about really stabilizing the ponzi to project 100 dollar price?

What else could it be? ;-)

u/Master-Sky-6342 — 3 days ago
🔥 Hot ▲ 134 r/Buttcoin

help your niece? NOPE! donate to charity? NOPE! hypothetically make buttcoiners 0.0000001% richer? YEP!

u/Appropriate-Pack1515 — 3 days ago
🔥 Hot ▲ 61 r/Buttcoin

Code is law... unless we don't like the outcome

A glimpse of what is to come. When butters are faced with line go down code will be changed.

Where are my butters at claiming this would never happen?

dailycryptobriefs.com
u/Nice_Material_2436 — 3 days ago
🔥 Hot ▲ 71 r/Buttcoin

Global money transfers are a solved problem, or am I missing something?

I keep seeing butters repeat the pro-Bitcoin argument of fast (lol) and “free” money transfers.

But… that’s basically a solved problem? Last week, I had to send $2k to my landlord in Vietnam (I’m from North America). Transfer through Wise (not trying to promote it, but that’s what I use) took literally 5 seconds to arrive in their Vietnamese bank account, on a Sunday evening. Fee was $14, which I feel is insignificant at 0.7%.

Am I missing something here? How is that still being used as an argument for Bitcoin?

reddit.com
u/Sensitive_Pickle_625 — 3 days ago

Don't look now but the investment company butt lord Saylor runs is above breakeven on its sole investment.

When BTC is below MSTR's cost basis the cost basis is irrelevant.

When BTC is above MSTR's cost basis its stone cold proof of Saylor's wise "vision".

Now that BTC is rising you need to look at mNAV instead of BTC/ share.

A smart investor looks solely at the metrics that make sense or that Saylor says matter. And these metrics often can't be measured by Generally Accepted Accounting Principles. Because Saylor is smarter than accounting :)

reddit.com
u/ScholarPrize1335 — 3 days ago

Sandisk stock up so much

I wonder how many crypto bros are regretting not investing in Sandisk last year, it's up so much compared to buttcoin which has flopped, guess buttcoin isn't the gold standard everyone should just blindly invest in, better to diversify.

reddit.com
u/Fun_Gold_8835 — 3 days ago