The unquantifiable damage that was done this weekend is how many hard and uncomfortable conversations guys had to have with their wives/fiance/girlfriend (myself included).
A lot of people will move away from bitcoin in the name of stability and I don’t blame them
Agree 100%. I said the same thing this morning. Anyone who doesn’t understand this is so far down the bitcoin rabbit hole they can’t see how insane it sounds to the average person.
The sad part is this is the best free marketing campaign for ETFs/Institutional custody to the average person that can possibly exist.
In a world where self custody is already on the decline, this is an accelerator.
You can’t build a decentralized monetary system on the foundation that every user who wants to participate has to become uber paranoid crypto expert. Still a long ways to go. Sigh.
I’m beginning to see a lot of Tesla's with some version of an anti Elon sticker.
I would bet these are the same people who hyped Teslas when they first came out and preached how EVs are going to stop global warming etc. Then Elon said something you don’t like and now it’s a problem? Quite ironic
I have a ton of respect for Jack Mallers. He is in the arena while most of us are just armchair quarterbacks. I don’t question his dedication to bitcoin and he has the resume to back it up. But he really fucked up big time. He’s gotta take this on the chin like a man.
Dude gets in bed with Cantor Fitzgerald and Tether, pumps a stock as if it would compete with MSTR, builds virtually nothing, and then dips out…
Reading between the lines it seems pretty clear this was over ideological differences WHICH SHOULD HAVE BEEN COMPLETELY OBVIOUS FROM THE VERY BEGINNING. I’m a dumb pleb and even I know cantor and tether have deep state ties… so what did you expect? Where was the due diligence on a multi billion dollar transaction? Wouldn’t you know what you’re signing up for and who you’re working with? But what do I know
The bright side is that I think it’s safe to assume Jack isn’t compromised and is still acting in good faith. He’s just more naive than I thought and had to learn a hard lesson in a very public way.
Pro cyclists in 2026 have to be doping. They’re riding faster than when the whole peloton was jacked up on EPO. You can’t convince me that’s marginal gains from shaving grams off bikes