Damus
Judge Hardcase profile picture
Judge Hardcase
@Judge Hardcase
npub1wmkwc2gffvpx4c60jwc5qt4xyd6mkch6z0u9yjdph63xhx3kql0qxjxset@npub.cashlnurl
Relays (4)
  • wss://relay.wisp.talk/ – read & write
  • wss://relay.damus.io/ – read & write
  • wss://relay.primal.net/ – read & write
  • wss://nos.lol/ – read & write

Recent Notes

CypherCitizen · 2d
Thanks
SuiGenerisJohn · 3d
I got got
YODL · 3d
That's interesting. I'd heard Coinkite doesn't keep customer data, so I wonder what it could be. Some middleman shipping person taking notes as devices pass by? That's the only thing that comes to min...
Judge Hardcase profile picture
Yeah, it could be a middle man shipping person... but this smells to me more like the middle man shipping company itself might have been hacked - exposing past invoice data.

It's great that Coinkite delete's user data, but they can't control the deletion of the data that they had already passed along to someone else.

To me, the bottom line is, there are no guarantees: act accordingly. *and in this case, it sounds like the appropriate skepticism to an unexpected correspondence was indeed applied.

PS. It does seem like Coinkite should take more of an interest in determining if their shipping partner was the weak link here or not. Maybe behind the scenes they will/are. 🤷
NotBiebs and 69 others · 1w
Square is introducing a 1% fee for merchants starting next year
NotBiebs and 69 others · 1w
I just encountered a square merchant that accepted bitcoin even though they didn’t know they did. There was a toggle on the pay screen to let me choose to pay with bitcoin. I paid with my cash balan...
Judge Hardcase profile picture
no 0.9% fee? Interesting. Makes perfect sense, though, to waive that fee when you're just paying one of their other clients via square (they likely aren't even actually converting to BTC since they can just adjust the custodied balances on each side of the transaction).

*I'm going to assume someone of authority there is aware of that toggle... just not the minimum wage employee running the cash register at the time. 😉
2
Judge Hardcase · 1w
... which raises the possibility that the 0.9% fee might still apply if the merchant happened to choose to keep btc rather than auto-convert btc to dollars. 🤔
NotBiebs and 69 others · 1w
I think Square is slowly rolling out the feature to all merchants so it’s possible even the owner didn’t know
Judge Hardcase profile picture
So, last week Strategy sold MSTR at an average price of ~$121/share and bought BTC at an average price of ~$63K. With BTC that low, IMO, this will almost certainly end up being a good move.

Unfortunately, just last month, at their Q1 earnings call, they revealed the slide below to explain when selling shares to buy BTC would be accretive (and vice versa). Based on the average prices above, prior to these moves, their BTC Reserves sat at ~$53B, and their ADSO Market Cap sat at only ~$46B - well below the "BPS Accretive Breakeven" point as indicated by their own slide.

As per usual, Saylor's biggest PR problem (and likely rating agency problem, btw) isn't that he's selling equities to buy bitcoin... it's that he keeps saying one thing while doing another.