Michael Saylor is karma.
Bitcoin maxis lucked out and got rich on paper by throwing their greed behind the first crypto asset, which the market chose as its proxy for the whole space so far.
They didn't make an intelligent choice to evaluate Bitcoin's place in the greater digital asset landscape and see long-term value in the "slow and steady" asset, but by luck they greedily aped into one that probably won't be going to zero anytime soon.
Maximalism prevents their greed from making them wander off to other scams where they won't get as lucky.
Enter MicroStrategy.
Saylor exploited a loophole in maxi logic, where it's okay to buy a scammy shitcoin if it's packaged as somehow buying even more Bitcoin than just buying Bitcoin.
Now, just like Bitconnect back in the day, Bitcoin treasury companies let suckers think they can put Bitcoin in and get more Bitcoin out, but packaged in a way that lets them think they're still only invested in the safest high-performing asset in history. It's a perfect scam, really.
Smart maxis will contain their greed and stay away from this obvious scheme. The better ones may even warn others. Good. They deserve to keep their money.
But the greed-blinded will lose out big when the whole thing comes apart.
MicroStrategy: bringing much-needed shitcoiner karma to the greediest Bitcoiners.
Posted Using INLEO
I have to 100% agree with this. MSTR is just a stock. It's not even a cryptocurrency. When a hedge fund invest in a fast food company, it does not become a restaurant. We merely have some publicly traded stocks that have cryptocurrency in their balance sheet. Michael Saylor is doing this in a leveraged way.
Yes, and a risky way. If people want that risk, they can, but it's still degen stuff.
There are decentralized ways to do the degen stuff. I wish to see Rujira gain fast traction.
I also hope it's sequestered enough so that problems don't cause collateral damage.
At least there is a separate Token. I think THORChain community has learned some good lessons in a very hard way. I have hope things will work out for Rujira. I don't know if we could achieve the success of Hyperliquid. We should at least create a good competition and get enough attention to be well known in cryptosphere.
Is this the reason you don‘t have any $LSTR in your wallet?
Maybe? I just haven't looked too far into it. But IMHO the growth potential in Leo is much higher, as it runs an actual business and can grow as the business grows.