hfsp

8 ms·

31.
by hfsp 6y ago
Founder has been transparent about btc: https://www.microstrategy.com/en/bitcoin .
32.
by hfsp 6y ago
Yes. "We purchased $50 million in bitcoin in October 2020 and another $170 million in bitcoin in February 2021, and we may make additional bitcoin purchases in the future" Btc is nearly half of SQ revenue. Btc mentioned 143 times
33.
by hfsp 6y ago
The "everyone" inflation is around 10%+ in metro areas: http://www.chapwoodindex.org/ .
34.
by hfsp 6y ago
Nothing like a good crisis for the political-bureaucratic class to usurp power without debate on drawbacks and second order effects. Note government bureaucrats and politicians continued to collect a steady paycheck. Small businesses, RIP.
35.
by hfsp 6y ago
Read When Money Dies by Adam Fergusson. This is the worst thing that can happen. Having lived through hyperinflation, I do believe that printing trillions (+40% last 12 months, +75% since '09 crisis) has negative consequences. There
36.
by hfsp 6y ago
www.chapwoodindex.org
37.
by hfsp 6y ago
Stock to flow ratio.
38.
by hfsp 6y ago
Btc is the ultimate store of value. An infinite stock to flow indicates this. If you are argument is "but the volatility" then you enjoy not winning. Upside volatility. Number go up.
39.
by hfsp 6y ago
hope.com
40.
by hfsp 6y ago
Yes.
41.
by hfsp 6y ago
Zero/negative interest rates drive capital misallocation. You are spewing MMT dogma. This is why we have zombie companies like IBM chortling around. There is asset price inflation for the things we want to buy. Stonks. Real estate in d
42.
by hfsp 6y ago
Swift:Visa/Venmo/Zelle, as Btc:Lightning/other Layer1 solutions. In other words, off chain transactions are a potential solution.
43.
by hfsp 6y ago
If you don't gain exposure to btc through MSTR or otherwise, then you will have fun staying poor.
44.
by hfsp 6y ago
Wave crest is higher. Similar to gold and gold miners.
45.
by hfsp 6y ago
A select few cantillionaires can get loans at effectively 0% rates. You are not a cantiollionaire, neither are other HN users. The rules are different for you than for those closest to the money printer.
46.
by hfsp 6y ago
Anyone who subscribes to MMT, creating money out of thin air, or the gov providing for citizens through money printing.
47.
by hfsp 6y ago
Anyone claiming money printing helps the poorer part of the population is uninformed or virtue signaling. Money printing transfers wealth overall to the asset owning class, not the bottom ~40% of Americans who do not hold assets. Research f
48.
by hfsp 6y ago
Look up the time value of money, inflation, and purchasing power.
49.
by hfsp 6y ago
Btc is predominantly powered by renewables like hydropower in non-urban areas, or uses otherwise wasted sources of energy. Yes, there is carbon power use. Compare the coin to current fiat system energy use, not stand-alone. Btc is more ener
50.
by hfsp 6y ago
Defi is a scam. Have you calculated the energy costs of the current system, when yelling "huge" energy use? Have you considered the wasted energy of a government halving a fiat currency holder's purchasing power in a year or
51.
by hfsp 6y ago
The USD remains the choice of the cartels and professional money launderers. After all, pro crooks do not want to leave an eternal trace of their transactions on a public ledger on the internet.
52.
by hfsp 6y ago
Eric Voskuil writes about the "energy" argument. All moneys can be compared on energy level, and it is important to note not to look at energy solely, but also labor, land, services, energy, hardware, and other resources needed to