Spherecell on nostr

Open in Damus

i think strc probably pumps the fuck out of the coin but has more risk than people admit, especially long term, and hopefully it does not blow up in all our faces seems like a lot of things could go ...

Spherecell @Spherecell 1776262972

Can anyone give concrete examples of how STRC is risky ? Genuinely trying to steelman why STRC could implode.

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iirc they can pay the dividend in perpertuity as long as BTC goes up by at least 2% a year on average. (as it stands now) However, that could change if they irresponsibly issued way too much STRC tho. But if there's too much demand for STRC & it trades above $100, they don't HAVE to issue more, th...