Someday they'll make a movie about this.
The Big Long
To acquire 16,796 BTC (disclosed 9/14/20), we traded continuously 74 hours, executing 88,617 trades ~0.19 BTC each 3 seconds. ~$39,414 in BTC per minute, but at all times we were ready to purchase $30-50 million in a few seconds if we got lucky with a 1-2% downward spike.
The Information Age
Imagine being the "most powerful nation in the world" and feeling threatened by a mobile app.
15/ Co-founding MicroStrategy (NASDAQ:MSTR) in 1989, @michael_saylor is leading the charge for adopting #Bitcoin as the primary treasury reserve asset over USD.
“There’s 3,500 publicly traded companies with $5tr in their treasuries and it’s all melting.
We acquired 21,454 BTC via 78,388 off-chain transactions, then secured it in cold storage with 18 on-chain transactions. #Bitcoin scales just fine as a store of value.
These people have the right idea; “The iPod of Bitcoin”. https://twitter.com/foundationdvcs/status/1306257414388416512
Passport is our attempt to build the “iPod” of Bitcoin hardware wallets – elegant, intuitive, and a joy to use. Hardcore about security, Passport will be open source and assembled in the USA. Learn more and preorder today! (sound on) https://foundationdevices.com
Ray Dalio warns of threat to Dollar as reserve currency. Fiscal spending, monetary injections debasing dollar, he says. Says prospect U.S. will go too far with government stimulus. https://www.bloomberg.com/news/articles/2020-09-15/ray-dalio-warns-of-threat-to-dollar-as-reserve-currency?sref=61mHmpU4
Looking forward to this @ocbtcn event next week. https://twitter.com/BrainHarrington/status/1305974305436528640
So it begins: MicroStrategy is the first large corporation to hold bitcoin as a cash reserve asset.
“Bitcoin ... is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash."
Bluetooth does not belong in hardware wallets.
“Two other Bluetooth security flaws were discovered last year, one of which was sufficiently dangerous that the official Bluetooth specification was changed in response. A further one was reported earlier this year.” https://twitter.com/9to5mac/status/1304055164769308673
Remember when Ron Paul suggested we critically examine the motivations behind the attacks on 9/11, and the mainstream—shocked by such unprecedented thinking—lost their shit?
Ron Paul was right.
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