Member Info for Billfunk1

we'll see when yellow actually floats. but the vast majority of alts are busts because fiat always trends to its true value which is zero. also yellow is backed by chris l****n, an infamous ripple scam merchant. imagine how much potential bitcoin capital he scares away. he is one of the most toxic people in the whole of crypto and bitcoin.

From Dec 2024's Strategic Update: "Since the revaluation, the SSV token has remained robust, currently trading at approximately $30. This follows its rise from $6.83 at year-end 2023 to $36.09 by 30 June 2024, with a peak of $61.30 earlier in the year. This performance highlights the continued strength of the SSV Network and its role in addressing critical Ethereum staking challenges"

SSV currently trades at $9.74 roughly 70% drawdown from EOY 2024 and ~75% from float. Another token built on the sand of Ethereum.

No one needs COIN to manage their bitcoin for them. Fidelity have been in that business for years and will likely be the chosen custodian over a British nanostock most Americans would confuse with Coinbase (ironically enough another custodian).

It really would be best just to adopt a pure Saylor flywheel and hope the London graveyard doesn't kill it (they will try).

Eg. Please check out the NEXADE token - NEXD on trading view. Floated in Dec 2024 at $0.07 with COIN offering "Strategic Advisory Services"

Six months later NEXD trades at $0.004, a 96% drawdown.

Coinsilium need to grow up and cut this BS out if they are going to attract serious capital. Tokenising things merely for the sake of tokenising them is very silly and serious people can see straight through it.

What that presents to the market is a confused offering of which part of the portfolio is anathema to serious bitcoiners. Part of the reason for MSTR's success was the purity of the offering. Whether you love or hate bitcoin, MSTR are always a known entity to long or short.

Imagine a new potential investor to COIN. They would have to do DD on every web3 investment held on BS only to find out most of them are limited utility or just plain BS. A retail investor might visit their website and not even know they were a bitcoin company! It's terrible marketing. Terrible. And it's a big part as to why they are losing out to SWC. The market will always favour clarity of strategy over a smorgasbord of mediocrity.

they are worse than just gimmicks. they actively deter serious capital from entering. selling them would be a double boon to the sp.

(yet the london graveyard may still crush coin with a 1x mnav). but as of yet, neither swc nor coin have taken a serious crack at running a proper 2x mnav lbe. ***packet rough mnav now are 22x for swc and 13x for coin. both ridiculously high showing a lack of seriousness currently (like gme).

they need to take it seriously. bitcoiners can sniff out bsers a mile off.

It doesn't imply that at all. If anything it implies I want the board to divest the company of all this web3 nonsense and plow the money into bitcoin purchases. None of the most successful LBEs go in for yield farming or shtcoining. That should tell you a lot.

Plenty of shtcoins 100x, 20x whatever. There's 20k++ of them. The fact is most of them lose 99.99% of their value because they're not absolutely scarce. The red flag it sends to serious investors is not worth the few million profit they might make. They are deterring billions of new capital.

" I wonder what level of yield Yellow Network tokens may achieve?"

Do you understand how toxic this sounds to many bitcoiners and what a drag that causes on the SP?

You would have taken leave of your senses to buy a 33x+ mNAV as an institutional investor.

These could make you all rich:

MSTR, MTPLF, NAKA, ASST, CEP(XXI), COIN (UK), SWC (UK).

Now they are talking about GME announcing their bitcoin strategy at the conference.

And DJT rumoured to be lining up $3bn for bitcoin.

For the short term just buy the hype and sell whenever it gets silly. MSTR is the moatiest out there and cold stored spot is never a bad idea either.

I sold 90% of my SWC at 49 and bought GME with it.

Reasons are the mNAV is just too high, not enough willingness to close it with btc purchases, an ineffective transmission system (sporadic WRAP deals), persistent worry about the City graveyard and them starving this of capital, better options in the US, at least for now. It may well run higher and good luck to those of you who stay in, but I can't continue to fund it at these levels.

GME just followed Hal Finney so RC might actually be serious. Ideally he will have bought in the mid 80s and can now declare the big victory.

You would have to call up and put an overnight trade in for 3350. AJBell did for me.

To find if that's true just go to tradingview and chart MSTR/BTCUSD or Metaplanet/BTCUSD. With SWC but there's only a few weeks of trading history.

Most Leveraged Bitcoin Companies tend to outperform spot bitcoin though not all do. Many LBC investors already have spot bitcoin.

You don't understand it. I'm not changing any goalposts. I have already explained that your opinions on reserve currencies are duff (fiat won't work, gold will be fiatised).

Bitcoin's only "relatives" are bastards (at best). I've also explained why conflating them all together is impertinent.

"To bring the price down" = batsht crazy notion of yours which also highlights you have a unit bias which is clouding your judgement. The "price" in dollars appears to be high because it is a function of just how few bitcoin there are. As the denominator is so small the unit price (in worthless dollars) appears (often to poor people) to be high. Note that each bitcoin is divisible to 8 decimal places. In other words 100,000,000 sats to a single bitcoin. And people, even poor people like you (I imagine from the way you talk) can afford a fraction of a bitcoin.

It is the be all and end of of absolute digital scarcity. I have already explained this too.

There are always cycles with fiat because of credit booms and busts. Under a bitcoin standard these will be much less exaggerated.

And again there you are conflating bitcoin with 20k++ other cryptocurrencies that do not perform the same function.

So again, look at the long term bitcoin chart and tell me where you think it's heading against the dollar over the next 10 years.

There you Trojan, you sly dog, skulking away from the point last night and changing the subject now. Have you looked at the long term bitcoin chart yet?

What do you think happens to the price of bitcoin over the next decade?

Aldebaran. I would have thought this was obvious by now but apparently not. Who in their right mind would buy a fiat bank attached to a dying fiat currency and a degrading 1st world country when they could instead invest in actually productive, profit-making companies in the USA?

Some of you are off your heads.

Reeves would find more capital investment into the UK if she took her boot off the throat of business. As it happens capital flows are going the wrong way, away from the UK to RoW. That's the nature of socialism and mobile global capital. I doubt the UAE are struggling for investment. Funny that.

I don't keep changing the goalposts. Go look at the chart and quit being obtuse.

What do you think will happen to the "MCAP" in ten years?

Given the CAGR is minimum 15% every year (and often more like 40%) what do you expect to happen to the "MCAP" of Bitcoin in future?

No. In the future the Euro will not be the dominant currency because they have to print increasing amounts of it to keep the ponzi alive. Hence why there's inflation. Ditto all fiat currencies. They all trend to zero. Gold standards may be adopted but then they will inevitably be fractioned and fiatised as democratic politicians seize the opportunity to bribe voters.

The reason why bitcoin is not going to be replaced by Trumpcoin is because absolute digital scarcity was a discovery or invention. You can only discover something or invent something once. So the absolute digital scarcity only exists within Bitcoin. The 20k++ altcoins are merely additional ringfenced scarcities hence they do not have absolute scarcity and why they are effectively worthless. Many intelligent people struggle with this idea.