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This Saylor fucks

No doubt, history will view Saylor as either a genius or a madman.

Do they also sell bitcoin or only buying?

Dammmmmnnnn

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In the future Saylor and Bukele will be the "generals" who helped win the currency wars of the early 2000's.

How many suitcase did they use to transport the cash

Well he is a successful entrepreneur. You need to take high risks to become as successful. So I think this is kind of natural for him lol.

Funny how I always see these posts right before a large market dip. "Quick everyone buy my bags now because it's the last time we will see this price!". Buy, Hodl, dont idolize others, sleep easy.

MacroStrategy

real question is why BlackRock buys so much of bitcoin?

I like this, up to a point.
In the long run it's not great if BTC gets concentrated in too few hands. For now, MSTR still has significantly less than 1% of the supply, not really a problem.
But somewhere along the line it has to get spread out to more people and more wallets as well.

Thank this post to u/simplelifestyle 🙏💙

MicroStrategy is not sleeping, be like Microstrategy.

Can they please stop buying the whole reserve?? God damn leave something for us Michael.

Be like Saylor, buy as much as you can no matter the price. Anything under a million per BTC is still very cheap.

I love how he keeps announcing his buys immediately and transparently.

Edit--> We are still so early, this is the first comment there.

Be like Saylor, buy as much as you can no matter the price. Anything under a million per BTC is still very cheap.

I love how he keeps announcing his buys immediately and transparently.

Edit--> We are still so early, this is the first comment there.

Michael Saylor is gonna go down in history one way or another

Somewhere in Manhattan Michael Saylor is locked inside a bathroom cubicle pretending to be in the middle of an important phone call while doing lines off of the toilet paper dispenser and aggressively tweeting about cyber hornets and the fall of Rome

Just followin the same route. Buying more BTC every week.

Should’ve bought the dip maaaaan

Wealthy people accumulating bitcoin to this degree, is it bad for bitcoin in the long run?

This man has got conviction. I doubt at this point anyone can stop him.

That’s a good strategy!

Bitcoin bull levels

Speculator

Investor

HODLer

Maximalist

Saylor

With the diference that one pays the security of our money network and the other its just for fun.

Oooohhhh!!! That's a scary, boys and girls! -- Count Floyd

Bitcoin is worth it

These are some of the best and most relevant links of serious scientific/research info and studies debunking the Bitcoin energy usage FUD:

> Lightning is 3.7 million times more efficient than Visa

It's working perfectly in many countries like El Salvador and large social networks like Twitter.

2nd layer, Lightning Network confirms transaction in less than 2 seconds and cost $0.01. More secure than Visa. More private than Visa. More inclusive than Visa. More energy efficient than Visa. More transaction capacity than Visa.

Also, the current financial system uses exponentially many more times power than Bitcoin. Here's the info and research supporting the argument that Bitcoin is actually good for the environment and incentivizing the use of clean, renewable and stranded/wasted energy:

Bitcoin is actually good for the environment:

Watch this new video explaining it.

https://www.cnbc.com/video/2021/05/13/elon-musk-bitcoin-reversal-climate-change.html

https://www.youtube.com/watch?v=TeVvtSCfcQ4

https://www.youtube.com/watch?v=eTqKLJ_o9yQ

https://www.youtube.com/watch?v=Z3wFYxNItKQ

https://finance.yahoo.com/news/study-over-74-bitcoin-mining-180300738.html

https://moneyweek.com/investments/alternative-finance/bitcoin/602678/bitcoin-energy-consumption

Most recent info, studies and reports:

https://hbr.org/2021/05/how-much-energy-does-bitcoin-actually-consume

https://uk.sports.yahoo.com/news/bitcoin-mining-actually-uses-less-210837605.html

https://medium.datadriveninvestor.com/lightning-is-3-7-million-times-more-efficient-than-visa-87065d13eea9

https://old.reddit.com/r/Bitcoin/comments/qwo92n/bitcoin_mining_fud_debunked_by_nic_carter/

https://cryptopotato.com/banks-pollute-way-more-than-bitcoin-study-finds/

https://www.dailystockmarketnews.in/2021/05/study-shows-banks-cause-more-pollution.html?m=1

https://old.reddit.com/r/Bitcoin/comments/nl0gky/bitcoin_miners_are_escaping_china_and_it_might_be/

https://endthefud.org/

https://www.youtube.com/watch?v=cvfb-rBBsSg

https://fee.org/articles/bitcoin-uses-half-the-energy-of-the-banking-system-new-paper/

https://www.youtube.com/watch?v=6NbBknQJgNI

https://bitcoinmagazine.com/culture/bitcoin-vs-world-military-emissions

https://www.inbitcoinwetrust.net/bitcoin-and-the-renewable-energy-debate-in-mining-the-great-hypocrisy-5b07cf6f7ba3

https://www.youtube.com/watch?v=Mvchzpbv2hE

https://www.theguardian.com/environment/2021/mar/24/big-banks-trillion-dollar-finance-for-fossil-fuels-shocking-says-report

https://old.reddit.com/r/Bitcoin/comments/pzogwd/carbon_emissions_from_electricity_consumed_in/

https://www.nasdaq.com/articles/how-large-scale-bitcoin-mining-is-driving-clean-energy-innovation-2021-11-20?amp

https://www.jbs.cam.ac.uk/faculty-research/centres/alternative-finance/publications/2nd-global-cryptoasset-benchmark-study/

Bitcoin is Key to an Abundant, Clean Energy Future (WHITE PAPER)

In other news: my cat shits as much as a small avocado weighs. Thank you for coming to my Ted talk.

Halloween is so bad for the environment. STOP HALLOWEEN NOW!

tldr; Bitcoin spends about $10 billion on electricity annually. This is less than the world spends on toothpaste ($30 billion), much less than US spends on cigarettes ($80 billion), and considerably less than what the US Federal government spends in one day ($18.65 billion). Bitcoin also compares reasonably to US bank spending on cybersecurity.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Envious i see

If El Salvador lost its btc in a bear market, BoE should be happy because they would need money from international banks. Why is he concerned about a beneficial situation?

tldr; Bank of England Chief Andrew Bailey expressed concern for the citizens of El Salvador following the country’s adoption of Bitcoin as legal tender. Bailey said the move to adopt Bitcoin within a dual currency system was concerning, while also adding that volatility would impact most detrimentally. El Salvador made history on September 7 as the first country to accept Bitcoin.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

They will continue to publish FUD as long as they feel threatened by it. Once they come to the conclusion that they can make money from it they will be publishing bullish content. Only to push propaganda that will benefit your cause is a huge part of their MO.

He looks like the bad guy’s dad from the first despicable me movie…

He's not entirely wrong. It's sorta a tricky situation. Someone had to do it for the experiment to run. But if we get a bad bear market, it could be a disaster. The even darker part is if the experiment succeeds, wealthy countries jump on board and no one really bats an eye. If it fails, the only loss is a poor central American country that everyone warned not to do it.

Oh yes.. Bank of England, that helped launder Nazi gold should be the voice that everyone must listen to

Interesting to see that before bitcoin’s adoption, nobody around the whole world cared about El Salvador and now there are innumerous competing interests either supporting or attacking and bashing El Salvador. El Salvador is now one of the most relevant countries... this says a lot, in my opinion!

I am sure he wish it was the 19th century

England should worry about its own country try affairs.

I think even for El Salvador the experiment is done with a rather small amount of money?!

Dw Bank of England you guys can FOMO in when we pass 100k

Bank of England is obviously very connected to El Salvador

Concerned that people will take their money out of the banks.

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One day the FED will add crypto to balance sheet! Then the question will be "wen lambossssssssssssssssssss"

A butterfly flaps its wings in Tonga creates a Tsunami in USA/England/IMF .

This would be great for our Tongan friends to join the Bitcoin family!!!

Never thought the sound of falling shoes could be so beautiful!

the last country to make bitcoin real money will either be US or China

Looks like Bitcoin is ushering out the old lumbering empires and ushering in new independently wealthy small sovereign states. History is being written Infront of our eyes. It's incredible.

Lord fufu or w.e is a fucking commie

That would attract much economic and investment interest in Tonga. Attracting crypto into Tonga at the low, making for some wealthy Tongans as markets rise. If you can have the strength of your convictions to push it through. But one man does not a law make, as good as it sounds.

tonga, yeah ... whats next? Tuvalu?

Here is relevant interview with Lord Fusitu'a. It's pretty interesting.

https://www.youtube.com/watch?v=AQY30LFEfbQ

Peter McCormack had this dude on an episode of WBD. Interesting guy!

What is happening in El Salvador does not leave any "small" country excluded from the current system indifferent.

All of these countries see that standard Bitcoin will change the lives of the people of El Salvador for the better. Bitcoin offers El Salvador opportunities that the current system has never given it.

Other countries will logically follow.

This is a no-brainer for Tonga. We'll see what happens next year.

Thank this post to u/Phreesion 🙏💙

may 2022, feels so slow

Bullish on Tonga

🐂🐂🐂

Watch this interview with What Bitcoin Did. It's super interesting if you don't know much about the Kingdom of Tonga. Fun facts include Tonga has the highest number of PHD holders per capita in the world. It also has a massive drug and corruption problem being a midway staging point for cocaine shipments into Australia. https://youtu.be/AQY30LFEfbQ

tldr; A member of Tonga's parliament plans to draft legislation to make the cryptocurrency bitcoin legal tender in the kingdom. Tonga is highly dependent on remittances, but for people to send their earnings back to the country, agencies such as Western Union take a 30% cut, on average. Lord Fusitu'a said cryptocurrency cuts out the middle man. The bill will go before parliament for consideration in May next year.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Good on you Tonga you’ve been fleeced for far too long. Power to the people!

Tonga Bonga

tldr; A member of Tonga's parliament plans to draft legislation to make the cryptocurrency bitcoin legal tender in the kingdom. Tonga is highly dependent on remittances, but for people to send their earnings back to the country, agencies such as Western Union take a 30% cut, on average. Lord Fusitu'a said cryptocurrency cuts out the middle man. The bill will go before parliament for consideration in May next year.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Cutting out the middle man....is quite a creative thinking....

More adoption incoming! More hopium to dilute the FUD around India. Bullish! 🚀

Best news today, I hope this gets passed Aus will follow surely🤞

This is why bitcoin will continue to distribute to more and more wallets .

How’s you get to 1000btc and still need “friend advise” on shitcoins

Most impressive part of this story is that the guy had 1000 BTC to begin with.

what a classic tale of what happens to shitcoiners. The remedy is somewhat unorthodox, though.

Greed is a helluva drug

I feel for Tai, but that bn said, it's also simply on him for being an idiot.

Because 50 Million Euro wasn't already enough to have a wonderful life?!

Kidnapping would just make him criminal just for his own mistakes.

The "crypto investor" could have avoided all of this by saying "not financial advice" first. Beginner mistake.

This is what a real news is called in crypto, something dramatic but learnable.

the funniest part to me is that it only cost $1,000 to track the guy down. Guy hires a PI after losing tens of millions.. and finds the world's cheapest detective .

Horribly misleading title - the guy who "gave advice" was managing their funds. This is like if your investment banker told you they dumped a primary investment, redistributed it, and lost it all. Its not some guy catching a scam email or taking reddit advice.

Things that didn’t happen for 500 please

This was back in 2016, before bitcoin hit a bull run. These scammers group created a ponzi scheme called Bitkingdom. It was posted on bitcointalk during that time. My cousin and his friends were their victims also.

"Allegedly" sounds fake

I can’t wait for the movie

You get what you FUCKING deserve

You can't fix stupid

If I had 1000 BTC, why the fuck would I bother about anything? 1000 BTC! really?? Noo

That's an interesting take on the traditional How To.

One of us. Gooble gobble. Gooble gobble. One of us.

During the course of their business relationship, Tai sold 1,000 bitcoins worth around VND100 billion ($4 million) in 2018 when bitcoin had significantly lower prices, and reinvested the money into other cryptocurrencies, with the hope of making huge returns in the short term.

Had he just held it for a couple more years, he would be holding some $60,000,000 right now.

TLDR, they did something stupid because they did something stupid

Why the fuck would you gamble with guaranteed millions of dollars. He deserved to lose his money

did he get the money back tho?

hey my man, why'd you delete all your posts about how you're buttmad about some tax loophole being closed so you're voting for trump?

Make U Moscow proud

She seems like this kind of pick the Dems make these days where there's some really progressive person who has the right credentials for what used to pass as general beltway acceptability, but as soon as you start looking under the hood you find a mix of neat and positive reforms but also very controversial and problematic takes.

​

Some of her more nationalist banking proposals have been supported by right of center figures like the Hoover Institute's John Cochrane. The idea of the Fed providing low-interest accounts isn't that weird considering the Fed already does that for banks.

She had a paper on the lack of a wage-gap in the USSR which freaked a lot of folks out, and she took that off of her CV recently.

But she also worked in the Bush Administration?

She also seems to have this kind of hyper conservative towards innovation vibe that many progressives have, in that she looks with great skepticism on financial innovations in the private sector.

In 2020 she was on the record as a Green New Deal supporter.

Part of it is that they want to diversify the executive, so they look past things that might usually be a red flag and rely more on the credentials.

Putin is going to be pissed!

Omarova, a Cornell University law professor has courted controversy with eyebrow-raising academic writings on regulation, which include recently advocating for the end of banking “as we know it” by moving Americans’ finances from private banks to the Federal Reserve

https://nypost.com/2021/11/25/five-centrist-dems-oppose-bidens-pick-for-bank-regulator/

I can't find any info on when the confirmation vote would be.

"She has been treated unfairly since her nomination with unacceptable red-baiting from Republicans like it’s the McCarthy era."

Kettle, meet Pot

Anyone know how long until they start processing bank charters again after the bank regulator is elected? immediately? 1 month? 4 months?

Hey does anyone know if/when the bank regulator is elected how long until they start processing bank charters again? 1 month? 4 months?

One of her ideas was to separate the lending and monetary functions. She wanted the feds to hold all the money and allow banks to deal with the lending. Basically kill the banks by leaving them with the risk and giving the feds the rewards. I believe this specific nomination was what Noto was referring to when he spoke of "moving pieces" in Washington that presented risk to the SoFi Charter application. SoFi business plan is in line with the vision of the current acting Comptroller, he needs to remain in place until the application process is complete

I hate this country, we're so fucking doomed

HE ACTUALLY NOMINATED THIS LADY?

this is exactly the kind of shit conservatives will point to.

n phone call on Wednesday, Sens. Jon Tester (D-Mont.) Mark Warner (D-Va.) and Kyrsten Sinema (D-Ariz.), all members of the Senate Banking Committee, told Sen. Sherrod Brown (D-Ohio) — the panel's chairman — of their opposition. They're joined in opposing her by Sens. John Hickenlooper (D-Colo.) and Mark Kelly (D-Ariz.).

This looks a lot more like appeasing Republican and right independent voters, so they can go home to show how they 'buck' the President in their battleground state. Which sucks because it looks like they're giving the frankly xenophobic and red-baiting tactics of the Republicans, an air of legitimacy.

Comrad.

Good. Fucking commie.

She was the most qualified. Shame on democrats throwing her under the bus over partisan attacks.

She seemed a little way out there to me.

I remember when twitter had a field day when a Senator called her a comrade.

don't you love to see it folks. voting blue no matter who. they'll sink even the centrist democrat president's proposed plan because they serve a higher purpose, corporations and the rich.

Some people clearly didn't watch her confirmation hearing and it shows https://youtu.be/q3bNJGE7vUs

If you want to complain about her academic writing you should at least understand what motivated her writing. For example on the end banking as we know it/move all deposits to the Fed instead of private banks topic, that is specifically tied into the issue of what should be done in regards to a digital dollar or another virtual currency. This paper presents an idea that would by her own admission only be possible via an act of Congress. The argument isn't even that this is the best or only approach the idea is to get people to start thinking about this issue of who governs crypto or virtual currency before the genie gets out of the bottle on this.

No matter how many times it's said, they are not centrists.

I was glad to hear that it looks like she's not even going to make it out of committee because two democrats on the panel told Biden they don't support her. The benefit to Sofi is it keeps their current application in the hands of the same people to keep continuity. If she took over it would have probably stalled the process.

Jupi ;)

Thank god, she was horrible.

She wanted to see all you bank accounts, income and expenditure, any irregularities would warrant a visit from an auditor...

You dodged a bullet there!

tldr; The Infinite Machine, a book about the development of Ethereum, will be produced as a feature film and support an NFT community.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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So, there's actually an update on this. What is happening with the world? https://cryptorobin.com/close-to-shutting-down-the-constitutiondao-token-reaches-new-ath/

Silver lining: the fees were spent for fun.

Why? Because nobody wanting a piece of paper for such a price can be taken seriously.

This whole DAO attempt could be best summed up with that TitTok "whee" sound.

"Never underestimate the power of large groups of idiots chasing a narrative" - Ethereum

1.5 mil gas fees, well that could range from trying to move 50 to 47 million then lol

Lol hate to say it but should have used xrp...LOL!!!

Its the future guys

tldr; A group of cryptocurrency investors raised $47 million to buy a rare copy of the US Constitution at Sotheby’s auction house. The group known as ConstitutionDAO was outbid by Ken Griffin, the billionaire CEO of the hedge fund Citadel. Despite losing the bid, the group's donors will be on the hook for an estimated $1.5 million in fees.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Cmon L2

All for a good cause. Crack on folkes.

This is why everyone is waiting for Ethereum 2.0, we need smaller fees

Still waiting for a revolt where they toss all of the ETH gas fees into a harbor somewhere in protest...I'll call it the Ethereum Gwei Party

I honestly don't know why anyone would use eth for a project like this for this exact reason.

Adoption issues

Yea... I try to stay away from Eth for this reason, though the tech is good. I haven't hit the lottery yet and every loss on has fees hurts. It is also a hurdle for anyone other than first world holders.

Worth it. $People

Big oooof

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Author took an average gas price and multiplied it by two. This is poor research.

That’s like 4% of what they raised damn

tldr; A group of cryptocurrency investors raised $47 million to buy a rare copy of the US Constitution at Sotheby’s auction house. The group known as ConstitutionDAO was outbid by Ken Griffin, the billionaire CEO of the hedge fund Citadel. Despite losing the bid, the group's donors will be on the hook for an estimated $1.5 million in fees.

This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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