ODELL
· 3w
blockfi was a scam
celsius was a scam
luna was a scam
but strc is basically the iphone
https://blossom.primal.net/d223b5ddb0882d98bb8ef31be07b6e0d23ea21446a316a4c375b4bf3d000ab50.jpg
I think this is a bit lazy or intentionally misstated - its like saying "Bitcoin is like tulips" or "Bitcoin is a ponzi".
STRC is categorically different than BlockFi, Celsius and Luna.
Not saying you have to like it - but paying 11.5% cash dividend using cash reserves (yes, cash that does come from selling the common - which the value is driven by bitcoin price) is very, very different than lending your bitcoin for "yield". Tulips are not bitcoin. STRC is not Blockfi, Celsius or Luna.
Don't think you are saving anyone here. But for sake of clarity - no one should be selling their bitcoin to buy STRC. And if you are buying bitcoin, it should be in self custody, and not "exposure" through an ETF or MSTR.
But if you have cash - STRC pretty safe place to earn some excess yield over Chase banks .01%.