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
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"pubkey": "7999814161743f2279006ab10cfd83bd33adff23c85e5d9d0949fdd60f8f1901",
"created_at": 1728860109,
"kind": 1,
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"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.",
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}
