Damus

Recent Notes

FL Justin profile picture
Life comes at you fast if you stay humble
Rarn · 16h
Don't know... I got this email from Primal and downloaded the new app, followed the instructions and it worked OK... Hello from Primal! You are receiving this message because you have an active custodial Primal wallet with a non-zero balance. As you may have heard, we recently released a new non-c...
primal · 14h
Hey! We are shipping a fix to this zero balance which shows for some users. Go to settings --> wallet --> use external wallet. Toggle "use external wallet" a couple times and your sats will appear. Please let us know if this fixes the issue! Thanks. https://blossom.primal.net/899ce1776da5f023...
Rarn · 18h
Clearly not, I just zapped you 🀣🀣
Sats McJay · 2d
Good morning ✌️🧑
negr0 · 2d
GM πŸ«‚β˜•βœ¨
The Bitcoin Street Journal · 2d
GMβ˜•πŸ‘πŸ”₯
Benking · 1d
GM β˜•οΈπŸ§‘
Onyx Cat Pottery · 2d
Amen
Sigtoshi Glockamoto · 2d
Don’t forget the Pittman-Robertson tax…a tax so under the radar that a lot of people who pay it don’t even realize they do.
ODELL · 3d
i think stretch probably pumps the fuck out of the coin but has more risk than people admit, especially long term, and hopefully it does not blow up in all our faces
FL Justin profile picture
I agree with this take...have a nuanced

Do you think it is viable for 3-5 years. My parents are retired...have a decent position in Bitcoin. Possibly need some liquidity to keep the family farm in the family.

Is it illogical for them offer to buyout the other siblings on a 5 year term @ 7% interest. They would then convert some of their portfolio into STRC to not have to liquidate their portfolio or take out a loan.

My concern is Saylor gets liquidated in the next 5 years before they get the term paid off.
FL Justin profile picture
Bitcoin backed Hotels 🏨

Right now is a pivotal moment in the hospitality and hotel world. There was a MASSIVE circle jerk going on from 2016 - 2021(yes even through COVID) where real estate bros squeezed every ounce of margin out of hotel.

They are now starring down the barrel of 48-50 Billion of CMBS loans that need to rollover in the next 12-18 months.

Everyone is focused on the office (17% rollover this year) and multi family (13% rollover this year) collapse but 30% of the hotel sector is effected by these loans.

8 Million people and approximately 131 Billion in wages work and support the hotel industry. 30% of this workforce will be impacted by the greed from the free money era. When you factor in AI it's probably higher since labor is the most expensive line item in most hotels budget.

With Bitcoin finding a bottom those who are able to refinance into a Bitcoin collateralized loan will be the behemoths in 30 years in this industry.

Would love to jam out with @MartyBent and uncover ways for Bitcoiners to disrupt the industry I care deeply about.