EricFJ on Nostr: Microstrategy is debt-levered custodial Bitcoin with the overhead drag of a public ...
Microstrategy is debt-levered custodial Bitcoin with the overhead drag of a public company. In any insolvency event, there’s limited recourse for the shareholders who are LAST to collect from the company carcass. It’s a centralized point of attack for actors who would want to damage the real Bitcoin network. Antithetical to the real mission and a huge risk to the space.
Published at
2024-10-13 22:55:09Event JSON
{
"id": "aa0647235859a608085ba22c35b1812179100ccf5cced6e8c689b0c66d273bc8",
"pubkey": "7999814161743f2279006ab10cfd83bd33adff23c85e5d9d0949fdd60f8f1901",
"created_at": 1728860109,
"kind": 1,
"tags": [
[
"e",
"7171dd7d5a468ee3e8bffe601e4d366d88f2052ed4dab6a4cfac394a6ab5e42f",
"",
"root"
],
[
"p",
"adfe27560472d5168c79e82071f12f7b6039cd94ba664e54a855c37c80f1d737"
]
],
"content": "Microstrategy is debt-levered custodial Bitcoin with the overhead drag of a public company. In any insolvency event, there’s limited recourse for the shareholders who are LAST to collect from the company carcass. It’s a centralized point of attack for actors who would want to damage the real Bitcoin network. Antithetical to the real mission and a huge risk to the space.",
"sig": "377c307c1b7295965c29cdb9686ba4aa9150cca2145a12ee113e188cf10971dd714fcb4077bee073dd3b1ad152ba2ad10aa143623907bb3b08c9942b422ac98c"
}
