Quote from: The Sceptical Chymist on Today at 05:18:25 AM

Quote from: JayJuanGee on March 15, 2024, 05:03:12 PM

Who is flaming who? You keep raising the same question for the last 3-ish years.

That was a preemptive call for non-flaming, since I recall getting a lot of backlash for prior statements. And I'm not flaming anyone here because of any opinions they might have regarding MSTR. Not now, anyway (heh).

Quote from: JayJuanGee on March 15, 2024, 05:03:12 PM

On the other hand, if your theory is that they are going to turn on him when (or if) the BTC prices go down, that seems to be a pretty lame cause of action, even though you seem to think that it is important.... and it is not.. You should already realize that one of the main ways to make a cause of action for breach of fiduciary duties would be in regards to lack of transparency (if such were to exist) rather than merely based on his using leverage to buy bitcoin and telling everyone that is what he is doing.

But there already was a lawsuit in the works that I linked to a while back (that apparently went nowhere), so it isn't as though it couldn't happen.

The mere fact that people file frivolous law suits should not be sufficient evidence that there might be some in the future that might potentially have some merit...

Personally, I think that it is better to describe some sort of valid cause of action, and then go from there rather than just exaggerating possible causes of action that are frivolous at best.

Quote from: The Sceptical Chymist on Today at 05:18:25 AM

But you're right, MSTR is being completely transparent about what they're doing with respect to buying bitcoin so I guess anyone who holds their stock shouldn't be shocked that its price is closely tied to the price of bitcoin. And if bitcoin dropping down to $16k or wherever it was a couple of years ago didn't cause a revolt then I doubt there's going to be one in the works, except if some ambulance-chasing law firm wants to start up a class action lawsuit (which would probably fail).

Anyway, despite my skepticism my current thinking is that it's a benefit to the rest of us that a CEO of a tech company is so pro-bitcoin that he's putting his money where his mouth is and buying it in bulk. If he has any influence in government or influential friends, that'd be even better.

He is becoming more and more popular, yet in recent times, I have been describing him as "not normal" and not something that regular normies should emulate, even though, sure, he can do what he likes..and maybe his battle is more with the no coiner companies or those companies who are bashing on bitcoin, so he is creating drama with some of those big companies to potentially teach them a lesson to get in the bitcoin train sooner rather than later, even though some of them continue to be against bitcoin, even while Saylor is ongoingly showing them actual concrete evidence that getting on the bitcoin train can be (and has been) a winning strategy.

Quote from: kingmanbs on Today at 06:27:13 AM

This is good news for many people in the world who are not familiar with Bitcoin. Microstrategy bought 250 million bitcoins and held them for a long time. This they do a lot of intelligence work. When he sees that the next time it goes viral, his market price goes up a lot, he sells at a higher price in the market, then he spends more bitcoins to buy so that he can sell at a higher price later on.

You are just making shit up. So far MSTR has not been trading.

They have ONLY been accumulating, and pretty regularly since the start of this thread... including saying that they are never selling.. even though they might be exaggerating a bit on the last point.. perhaps. Saylor is so crazy, he might really be telling the truth about never selling, even though he surely has the option to sell at any time that he wants as long as he is not breaching his fiduciary duty to his shareholders who might have become reliant upon his ongoing, persistent and consistent statements that he is never selling any of his (MSTR's) bitcoin.