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

  • US SEC rejects Microstrategy's bitcoin accounting strategy

    This post no longer exists.
Comment Options
Goat
Jan 22, 2022 10:49am
Permalink
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.
BTCmailman
Jan 21, 2022 4:09pm
Permalink
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.
Reply
Goat
Jan 22, 2022 11:01am
Permalink
Attached 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.
Goat
Jan 31, 2022 8:43am
Permalink
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!
Loretrekker
Jan 23, 2022 11:10am
Permalink
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.
Reply
Goat
Jan 22, 2022 5:27am
Permalink
Nobody saw this coming!!
alphizo
Jan 22, 2022 8:55am
Permalink
no one saw it coming
Reply

  • Related Stories

There are no posts to display for these settings.
  • Story Stats