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BankSith profile picture
BankSith
@BankSith
GN #nostr. 💫
Oh btw..


Saylor's definitely a great salesman—got me with those storytelling chops back in the day. But honestly, I can't stand what his company's doing anymore. I spent some time in finance, and I know BS when I see it. That leveraged structure they've got going? Total garbage. STRC stinks.

And wasn't #Bitcoin supposed to end all that Wall Street bonanza nonsense? You know, the CDO-Squared stuff, CDOs of CDOs, or those synthetic CDOs they created insurance markets for? That should ring a bell. So why the hell are we back to the same overleveraged securitization-games?

And here was this pretty awkward moment at the end when Peter just cut him off mid-pitch. Cool in a weird way though. 😶‍🌫️😮

Thoughts on #nostr? 🐇🧡💜
cc @Efrat Fenigson @THE Bitcoin Podcast @walker @BTC Sessions @UNCLE ROCKSTAR @Chris @ seedor_io @Momo @Peter McCormack

https://x.com/PeterMcCormack/status/2049911672572092468/video/1

193❤️4🤙3
BankSith · 4w
nevent1qqsvm9mxtnga2k4luzm7p3y5p03zkrt60x5n5mme9dweu5rklpgwx2c7lcy7t
El Guirri · 4w
So we create complex financial bullshit to get around taxes that shouldn't be there? Think I get it. Create screwed up systems on top of screwed up systems. Time for new system
Satoshi Sharp · 4w
Bitcoin didn't abolish Wall Street. It turned Wall Street into the intern begging for BTC exposure.
John sati · 4w
STRC stinks indeed, Saylor is no longer representative to a free monetary world
Momo · 4w
I haven't followed Michael Saylor closely for a long time. While many people follow the news about Bitcoin’s price closely, I’m far less interested in it. I already understand the core reasons why Bitcoin goes up in value and have seen the cycle repeat enough times and that it has dips here and ...
1776 · 4w
https://image.nostr.build/9c956b7a92ccc1f20f85c772ee55c88155631adcb2981aefb5fa54dacab4a4b3.jpg
BTCBaggins · 4w
So you are saying tradfi doesn't need the "wrapped" BTC exposure that Saylor is creating?
Libertas Primordium · 4w
Saylor is a grifter and a con artist who pays lip service to Bitcoin ethos, but watch what they do, not what they say. He represents the worst of corporate America and I hope Bitcoin humbles him for playing his fiat games with it the way it has humbled many others in the past. It's disgusting how ma...
TDR · 4w
I don’t think they are over leveraged at all. In my opinion the only risk I see is that he doesn’t actually hold the bitcoin, which is definitely possible. And then, yeah, for people who understand bitcoin STRC is dumb because 11% appreciation a year means bitcoin wouldn’t hit a new all tim...