343PG / Bitcoin Actuary is on Nostr

You may not be interested in Bitcoin, but Bitcoin is interested in you.

Last Notes

2025-08-16 08:42:44 UTC

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Yeah, I think long term most of these companies will fall by the wayside and won’t attract investment unless they provide real value in the world. For the time being though, as we are early even just offering exposure to btc in wider markets than previously available is being treated as valuable.

2025-02-05 10:08:05 UTC

If anyone needs a good book to read, check out Dava Sobel’s Longitude, the story of John Harrison’s lifelong quest to build a timepiece that could operate at sea.
Truly inspiring. We stand on the shoulders of giants, and Harrison was one.
#bookstr
#longitude
#harrison
https://m.primal.net/ORNA.jpg

2025-02-04 22:18:29 UTC

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I agree with most of this in terms of what happens in the end when you issue paper Bitcoin, but it’s not quite addressing my point.
MSTR aren’t retail. They are likely using institutional grade multisig in segregated wallets that they can monitor, surely?! They can see their own Bitcoin and know it’s not being lent or rehypothecated elsewhere. But that doesn’t mean they’re going to reveal those addresses to the wider world, or indeed reveal any element is how they custody. If I was in Saylor’s shoes I’d do the same, and give our as little info on it as possible, unless my shareholders started overwhelmingly demanding it.

2025-01-25 19:00:51 UTC

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With the 2027 notes redeemed there could be room for even more than $5bn convertible debt. I’ve seen $9bn mentioned.
Going to be wild..

2024-12-09 19:18:09 UTC

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Ha ha you never know.. would be a delicious irony if they did

2024-11-22 14:31:56 UTC

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Yes… my absolute pet hate here also is companies punishing loyalty rather than rewarding it (see introductory offers for the current and opposite theme that we all have to suffer)