Damus

Recent Notes

Btcfeen  profile picture
My excitement for strc is very real. Incentives drive behavior and a yield that’s 7% more than anything else is very appealing, especially knowing they have the cash to payout for 2 years
1🤙1🧡1
Brisket · 4d
My excitement for STRC has waned somewhat. I think it'll eventually be used to drive bitcoin's price to new heights. I've no idea how long STRC will take to gain acceptance in the fixed income market. It looks like a bit of a catch 22 right now. STRC's credibility hinges on the health of MSTR's bal...
Btcfeen  profile picture
Luke groman has gone full doomer. I used to subscribe to his newsletter back in like 21-22 but got tired of it bc he just predicted a crash all the time. He missed out on a lot of the stock market gains. That’s why he has a research service and doesn’t manage a fund
Brisket · 6d
I've been watching it since it was launched last July. It seems there's surprisingly very little appetite for the product so far. I can't really find a reason why it's not being embraced more, since ...
Btcfeen  profile picture
Ya imo it’s bc most people don’t believe in btc still and you have to believe in btc to get it. That and the fact that it has depegged has kept people out. I think people are scarred by stuff like Luna, but this is structurally different. It’ll play out will just take time
🤙1
Btcfeen  profile picture
I really like Preston and think he’s a good dude but him taking a break from btc pods to do ai pods is a microcosm of what’s going on right now
Btcfeen  profile picture
Here’s what people don’t see coming besides a select few. One of the few things stablecoin and crypto had going for them was defi and the ability to hold a stable value with a pseudo usd. I think stables have value for that reason. But now strc and the structured products around that will
Smoke any yield stables can provide, if it’s any at all.

The gov is wants to proliferate stables growth as a way to find buyers of its short term debt. But what happens when a coin based upon strc and stablecoin holdings pays 10% and is backed by BTC and not the gov?

People are SEVERELY underestimating strc’s TAM
2🤙1
Brisket · 6d
I've been watching it since it was launched last July. It seems there's surprisingly very little appetite for the product so far. I can't really find a reason why it's not being embraced more, since I can't find a better option for fixed income investors. Very strange.