Quote from: Pi-network314159 on Today at 09:49:43 PM

Quote from: fillippone on August 12, 2020, 11:25:12 AM

Nice U-turn, Micheal:

https://twitter.com/michael_saylor/status/413478389329428480

https://twitter.com/michael_saylor/status/1293141856700768257
From declaring Bitcoin a doomed asset to embracing it buying the 0.1% or the total supply. Better than being stubbornly wrong.

Do you really think if micro strategy would have made this statement about bitcoin? if he knew that bitcoin will still grow to the extent it did. I think Michael j saylor made a big mistake by saying bitcoin days are numbered because after he made that statement Bitcoin still didn't give up just like he expected, instead it grew above all odds. that is to say that Bitcoin is a coin never to underestimate and looked down on. Because after he made this statement he still continue to buy bitcoin again.

A lot of people change their mind about bitcoin, and I doubt that there is any real need to dig deeply into Saylor's case because sure he was negative about bitcoin in 2013, and his story is that he did not realize the use case for bitcoin until some time around and after the March 2020 events with money printing and some of the crazy monetary policy actions going on around that time. .. so if you listen to what Saylor has been saying since around August 2020 and even many points after that (believe it or not he has been in BTC for three years now), and he has given a plausible enough story as to why he considered bitcoin to be a good investment and he has built his conviction since his first investments in late 2020.. and sure some folks are a bit skeptical of him, but he seems to be mostly legitimately pushing for the ideas of bitcoin, even though he is surely much more regulation friendly and maybe some individuals consider that bitcoin needs to stay more peer to peer, and even if we have these various competing ideas in bitcoin, bitcoin is not very easy to change, so various bitcoin supporters can have different and even opposing ideas in regards to purposes of bitcoin, how it should be used and how it should be regulated (if at all?).

Quote from: gunhell16 on Today at 10:23:43 PM

Quote from: cAPSLOCK on August 11, 2020, 10:01:33 PM

I wonder who is handling the custody of this for them. That was probably the hardest part of the whole thing for them to work out.

I figure it could be Greyscale, or one of the exchanges (Gemini? Kraken? Coinbase?). Could be Bakkt? Of course they could do it themselves, but that is a fairly serious security undertaking when $250MM is the amount of value.

Looking at the news I do not see that detail.

Yes, and whoever holds the amount that they bought a large amount of Bitcoin is for sure a huge responsibility for him. And even I didn't see any news or any article news about the thing you are asking about.

Because the only thing we often read is how much they bought, which is the big value of bitcoin for their company. Well, anyway, let's not worry about that matter, as long as I'm the only one who thinks that Bitcoin is just like a coin to them when they buy it, while for others, it's very difficult to accumulate at least one bitcoin.

Public companies have disclosure requirements, and sure for security purposes they might not disclose all of their custodians, but I am pretty sure that they have to use qualified custodians, and I am pretty sure that the topic of the custody of MSTR's coins has come up from time to time over the last 3 years, and how many specifics that they gave may be contained in their quarterly reports and I am sure that they are giving as much as they need to give legally.. but sure the questions of their adequately securing their coins could become a question of concern, even though they did seem to survive the 2022 situation in which several custodians were shown to have been irresponsible with their coins.