i dared to criticise china 🇨🇳 on X and am once again surprised how many chinese are incapable of talking about their country with nuance.
> china can be authoritarian and technologically incredibly successful at the same time.
> it can have a rich own culture and simultaneously tries to wipe out other cultures.
> it can have arguably good food and still be one of the greatest polluters in the world.
how do you go through life only acknowledging the good things while ignoring the bad?
tried out @Robosats for the first time.
that's a fun experience. had a little chat with my counterparty too.
have you done any higher volume trades there?
so if #MSTR pays out 10%ish in yield to everyone holding their credit instruments, how exactly are they generating cash besides issuing more debt or shares if they are committed to never selling the underlying asset?
even in a highly leveraged long bet on bitcoin at some point you want to DECREASE your interest obligations. here it seems like the interest burden is perpetually INCREASING over time and the only way you win is if bitcoin gains are long term greater than 10% p.a.
with a 12month cash runway on the interest that does not seem to be an amazingly large buffer if the bitcoin price goes flat/bearish for a 2-3 years (which is possible).
what am i missing?
