STRC, SATA and the onset of digital credit
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Can anyone see the similarities between STRC/MSTR and UST/LUNA?
Both were supposed to remain stable at a certain value ($100/$1).
UST was backed by confidence in LUNA.
STRC is backed by confidence in MSTR.
It’s not possible to create a stable liability supported by a volatile asset, with yield used to manufacture demand, and market confidence doing most of the work.
Both were supposed to remain stable at a certain value ($100/$1).
UST was backed by confidence in LUNA.
STRC is backed by confidence in MSTR.
It’s not possible to create a stable liability supported by a volatile asset, with yield used to manufacture demand, and market confidence doing most of the work.
MicroStrategy is light-years behind Snowflake, Databricks, Google, Microsoft, and the rest.
Having worked with quite a few enterprise clients, I have yet to see anybody actually using their platform. But the ones I mentioned? They're running everywhere. If you put those vendors in a job search, you'll see 100x more jobs for those platforms.
A lot of this investment stuff just comes down to people hoping they can dump their shares on somebody else later. They buy with the idea that there's a bigger fool waiting at the end. If that's fine with you, okay.
A FOAF invested with this "exceptional trader" who doubled his money twice. Even after those wins, he never put more money in. He saw what was coming, pulled back, and sure enough the "gifted trader" eventually GTFO with a ton of people's money.
Make money off greedy people, not off greed.
