Damus
BeesKnees profile picture
BeesKnees
@BeesKnees

Faith. Family. Freedom.
…and a little bit of golf

Relays (8)
  • ws://95.0.75.140:4848 – read & write
  • wss://ca.purplerelay.com – read & write
  • wss://purplepag.es – read & write
  • wss://relay.nostr.band – read & write
  • wss://relay.primal.net – read & write
  • wss://relay.utxo.one – read & write
  • wss://yondar.nostr1.com – read & write
  • wss://topic.relays.land/praise – read & write

Recent Notes

Mark Sea · 2w
I haven’t played many (i started 3 years ago) but my favorite so far has been Tobacco Road
cuban · 3w
That's been the pattern
ODELL · 3w
that mempool bet was a bunch of double or nothings, didnt start at 1m sats
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
BeesKnees profile picture
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%.
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Ryan Reynolds · 3w
This is my feeling. I’ve got kids going to college for thr next 6+ years. Having a portion of that handled by the yield on a product like this would be great. I’m not - and wouldn’t - sell any bitcoin to do this. I also wouldn’t want a significant percentage of my net worth in it, eithe...