US SEC rejects Microstrategy's bitcoin accounting strategy | Crypto Craft

  • US SEC rejects Microstrategy's bitcoin accounting strategy

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Goat
Jan 22, 2022 10:49am
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I'm thinking we'll see an epic melt-down from Saylor in the near future. Something like rehab or a Jason Russell episode. I won't bother explaining my logic but will do so if it comes true.
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BTCmailman
Jan 21, 2022 4:09pm
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Unclear how this protects anyone when they are rejecting the Non-GAAP accounting which shows the actual economics of their digital asset holdings. But it's clear at this point the SEC doesn't give two shits about the little guy.
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Goat
Jan 22, 2022 11:01am
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An investment has three parts: entry, holding period, and exit. If Saylor is holding "forever", by definition it ceases to be an investment. He obviously sees Bitcoin as more than an investment. It's a religion to him, and to many others. Mixing God and money, yeah, that should end well.
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Goat
Jan 31, 2022 8:43am
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Quoting Loretrekker
You can lend your BTC to others and generate yield though.
And when the money is stolen you just have to know the right vigilante to call!
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Loretrekker
Jan 23, 2022 11:10am
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Quoting Goat
{image} An investment has three parts: entry, holding period, and exit. If Saylor is holding "forever", by definition it ceases to be an investment. He obviously sees Bitcoin as more than an investment. It's a religion to him, and to many others. Mixing God and money, yeah, that should end well.
You can lend your BTC to others and generate yield though. That's the part of his bible you haven't gotten to yet I guess. And anyway, it's clear he is just using hyperbole and shilling which is distasteful, I agree.
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Goat
Jan 22, 2022 5:27am
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Nobody saw this coming!!
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alphizo
Jan 22, 2022 8:55am
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no one saw it coming
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