On an earnings call this week, CFO Phong Le revealed that MicroStrategy had missed its earnings predictions by almost 800% and faces impairment expenses of over $170M on its digital asset holdings.
Blockchain enthusiasts use to tell the world to HODL every time the price of digital assets dropped or plummeted, but now, it seems like the HODL strategy has been retired.
Online reviews, social media posts, and Twitter bios echo similar sentiments: the book is apparently revelatory and life-changing, putting people on The Bitcoin Standard pathway, initiating them into the HODL culture of BTC maximalism.
Bitcoin was disruptive, so Mastercard muzzled it, using “number go up” as lubrication to shut down the narrative of Bitcoin being a true fintech revelation, Kurt Wuckert Jr. writes.
Prioritizing accumulation of coins is logical with a fixed supply and low barriers to entry of competitors in the economy, Joshua Henslee writes.
In the race to tie up intellectual property (IP) around cryptocurrency, some ideas have definitely been stronger than others. The latest to come from market leading wallet and exchange service Coinbase has certainly raised a few eyebrows—a trademark request for the word ‘buidl.’