Strategy Bought 1,036 Bitcoin While Holders Got Debased $200M
Notes de l’épisode
Darkside reads Strategy's new 8-K and argues the $200 million in share issuance behind the latest Bitcoin buy debased MSTR holders instead of amplifying them. Terence Michael hosts with Loren on the road, and the room works through the Binance hack that exposed 900,000 users, Coinkite's refusal to own the Coldcard breach, and BlackRock turning self-custody fears into an IBIT pitch. The back half goes deep on covenants, the upgrade that would make a stolen key useless, plus Project Janus nuclear reactors, a16z stepping back from crypto, and a year of Bitcoin decorrelation.
Loren and Terence host Bitcoin Today live on X, weekdays at 8:30 AM PT.
YouTube: https://youtube.com/@lorenhodl
X: @lorenhodl @ProofOfMoney @Darkside2030
Chapters:
0:00:00.00 Opening: Terence hosts, Loren is away
0:02:11.72 Russell Brand gets 10 years in prison
0:05:39.50 The AI narrative turns bearish
0:09:12.76 James bought the dip at $75,000
0:11:15.80 900,000 Binance users leaked
0:13:20.84 Your AI uploads are not private
0:15:52.54 Coinkite will not own the breach
0:20:55.10 BlackRock turns hacks into an IBIT pitch
0:23:01.14 Amsterdam was a shitcoin event
0:28:17.90 Bitcoin Alpha vets its sponsors
0:30:53.26 Incidents keep Bitcoin under $100K
0:33:03.56 Bitcoin decorrelated all year
0:35:07.36 Strategy debased holders by $200M
0:40:36.46 What if AI ran France for 10 years
0:47:19.94 What threw off every prediction
0:49:54.94 AI crowded out Bitcoin's allocation
0:52:58.78 a16z quietly dropped crypto
0:55:49.28 Nuclear SMRs power the data centers
0:58:26.52 Bitcoin is the bet you can just hold
1:00:34.42 $656B poured into data centers
1:08:08.56 Mars met the red team in Amsterdam
1:11:12.60 Covenants were the Amsterdam topic
1:14:12.88 Whitelisted coins defeat a stolen key
1:18:37.16 Timelocks are a timing covenant
1:22:05.04 Hashcash fought spam with proof of work
1:26:07.62 Move forward, stop reliving history