the difference is there is no pool of common resources that requires inputs/outputs.
all inputs go to superior economic technology in btc, and all outputs are less burdensome than this underlying (debt obligations, stock price, operating expenses).
sustained downturns in btc can be weathered by hitting the output valves rather than needing new input, so there is no traditional ponzi-like collapse like you would see in something like Luna (inputs to btc, outputs from btc to Terra peg support, no decrease in burden of obligations).
If saylor were promising a pegged stock ratio of btc or a fixed btc dividend or anything like this then yes, would be a ponzi.
instead, just financialization which few understand (including me!)
supermassive
npub105…aaru0
2025-03-25 22:24:11
in reply to nevent1q…k6a8
Author Public Key
npub10585tcghn40hc3cqz6zv05sw3su0sthxlkepq3sfchrpa0uah0yqyaaru0Published at
2025-03-25 22:24:11Event JSON
{
"id": "060e278327cc18c7c71e5623cdd0ffd98043c9a5113e6e5202ee7f47be5daf99",
"pubkey": "7d0f45e1179d5f7c47001684c7d20e8c38f82ee6fdb2104609c5c61ebf9dbbc8",
"created_at": 1742941451,
"kind": 1,
"tags": [
[
"e",
"cf4b9aa062e82a336d9602f85c5c98f56bf7844069ac1f7ce628d870ade127fe",
"ws://192.168.18.7:7777",
"root"
],
[
"p",
"f9acb0b034c4c1177e985f14639f317ef0fedee7657c060b146ee790024317ec",
"",
"mention"
]
],
"content": "the difference is there is no pool of common resources that requires inputs/outputs.\n\nall inputs go to superior economic technology in btc, and all outputs are less burdensome than this underlying (debt obligations, stock price, operating expenses).\n\nsustained downturns in btc can be weathered by hitting the output valves rather than needing new input, so there is no traditional ponzi-like collapse like you would see in something like Luna (inputs to btc, outputs from btc to Terra peg support, no decrease in burden of obligations).\n\nIf saylor were promising a pegged stock ratio of btc or a fixed btc dividend or anything like this then yes, would be a ponzi.\n\ninstead, just financialization which few understand (including me!)",
"sig": "1df23255f6e659aa2945e73f9a295fa08cb03928fb1b5e019d82cda414f1cc4677d797885ef85f08fc75c3aaac41fa146d6078657ae6ec3c35c241729ba409ce"
}