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NEW: JEFF GARZIK | #BITCOIN FORK REFLECTIONS On Supply Shock this week, I sat down with OG BTC developer Sir Jeff Garzik for our first talk in 5 years. We discussed: 📌 Buying & selling BTC at $0.06 📌 BCH, BSV, & SegWit2x 📌 Why Jeff is bullish on...

57,294 Aufrufe • vor 1 Jahr •via X (Twitter)

12 Kommentare

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Walter Peppenbergvor 1 Jahr

@SupplyShockBW @jgarzik So you're chatting with the guy who sold BTC at 6 cents? That's like bragging about paper handing your way into history's biggest fucking regret. Respect the OG status though.

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Erebosvor 1 Jahr

@SupplyShockBW @jgarzik Garzik remembers when Bitcoin was a whisper in the dark. Now it's a roar that echoes through time. Forks come and go, but the chain persists—etched deeper with each block.

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Crypto Fionervor 1 Jahr

@SupplyShockBW @jgarzik Sounds like a fascinating conversation! Looking forward to watching it.

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Neovor 1 Jahr

@SupplyShockBW @jgarzik You do good work.

Profilbild von zdapricorn.eth.ink(✸,✸)🍚 ⛓
zdapricorn.eth.ink(✸,✸)🍚 ⛓vor 1 Jahr

@SupplyShockBW @jgarzik forks and battles but BTC keeps rolling. curious on Jeff’s ETH thesis now, feels like tides are shifting

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polarvor 1 Jahr

@SupplyShockBW @jgarzik love this. deep lore.

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Ranofty🔥vor 1 Jahr

@SupplyShockBW @jgarzik Thanks for sharing! I'll definitely check it out.

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Crypto Fionervor 1 Jahr

@SupplyShockBW @jgarzik Thanks for sharing this insightful discussion! Looking forward to watching it.

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🍓wtfvor 1 Jahr

I made these 🍓 four years ago. Who tf still here?

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Gabe Weisvor 1 Jahr

New Money

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Efdot 🌆vor 1 Jahr

🟪🟦🟩 @madam_selkie appreciation post. @rioartresidency round 2️⃣ is happening so soon! And Selkie’s the driving force bringing it all together. Here’s her speech from last year. (Read more below) 🟪🟦🟩

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Classic Spy Chicvor 1 Jahr

Steve McQueen in a Mercedes-Benz 300 SL Roadster

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Strategy sold 3,588 BTC last week. That's 112x more than the 32 BTC they sold a few weeks ago (which freaked out the market). Here's what's happening and why they are doing this... 1. Last week = Strategy sold Last week, Strategy sold 3,588 BTC and used all of the proceeds ($216m) to fund dividend payments on their suite of preferred equities. Q2 dividend payments for STRF, STRK, STRD, and STRE... and June dividends for STRC. Notably, BTC price opened last week at $59.5k. Strategy sold 3,588 BTC over the course of the week, yet BTC price went up to $63.5k. 2. The bigger picture = Strategy is NET buying Strategy bought 85,296 BTC in Q2. Their combined selling for Q2 was 3,620 BTC (32 + 3,588). In other words, they bought 22.5x more BTC in Q2 than they sold. (For 2026 YTD numbers, Strategy has bought ~175k BTC and sold 3.6k BTC. That's a 48x ratio.) 3. The message in advance Weeks ago, Saylor explained what they are doing, in an interview with Michaël van de Poppe (see clip) "On occasion, we'll buy 20 Bitcoin & we'll sell 1 Bitcoin... Then the credit investors will give us enough to buy 20 more Bitcoin." Saylor further explained the strategic rationale of selling Bitcoin... "Our credit investors expect that we're going to support the credit dividend and pay it (and our asset is BTC)... 'will you sell some Bitcoin to pay us the money?' They expect me to say yes, because if I'm not going to pay the dividend, they're not going to buy the credit & the credit agency won't rate the credit." 4. What Strategy is doing Strategy is showing the market that they can and will sell BTC. They are doing this to gain access to more credit market capital... so that they can buy much more BTC. Saylor has recently asserted that it's important to "buy more Bitcoin than you sell." This is that in action. In Q2, they bought 85k BTC. They then used 3.5k BTC to fund the dividends on the Digital Credit that enabled them to buy 85k BTC. They bought 22.5 and sold 1. 5. What to expect next Saylor said they will "inoculate the market" by selling a little BTC. This is the second dose of inoculation. They will keep doing it until the market expects it and no longer reacts to it. They are not dumping their BTC treasury strategy for dollars. That is the click-bait headline for the uninformed. What they are telling you is that they plan to sell 1 BTC so they can buy 20 BTC. Over and over.

Jesse Myers

169,722 Aufrufe • vor 1 Monat

🚨 BITCOIN IS BEING MANIPULATED, AND I HAVE PROOF MICHAEL SAYLOR BEGINS SELLING $BTC Man who said "you do not sell your Bitcoin" is now selling Bitcoin Market reacts with immediate panic selling: $BTC < $62K Let that sink in Strategy holds 843,738 BTC - purchased for $63.87 billion at an average price of $75,700 per coin That's the largest corporate Bitcoin position in history And for years, Saylor repeated same thing over and over: Never sell. Never waver. Never flinch Then on an earnings call in May 2026, he said this: "We will probably sell some Bitcoin to fund a dividend - just to inoculate market" That single sentence broke a 5-year religion Here's what changed Strategy now carries $1.5B in annual preferred-stock dividend obligations Those dividends have to be paid in cash Bitcoin doesn't pay dividends So Saylor faces a choice: dilute shareholders with new equity, take on more debt or sell some BTC He chose door number three And there's more Company is sitting on $2.2 billion in unrealized tax benefits tied to high-cost-basis Bitcoin Selective sales could harvest those benefits - legally reducing their tax bill while offloading coins at the same time This isn't panic. This is optimization But here's what the market isn't pricing in Strategy owns approximately 4% of all Bitcoin that will ever exist If they become a consistent seller - even of small amounts - bid structure for BTC changes permanently Every fund, every ETF, every HODLer built their thesis on one assumption: Saylor is a buyer. Always That assumption just died The only time Strategy sold Bitcoin before this was December 2022 - 704 BTC for $11.8 million, purely for a tax loss This time the motivation is structural. Recurring. Tied to obligations that don't go away Watch the Coinbase Prime wallet Watch the 8-K filings The first real sale won't be announced - it'll be discovered I've been tracking institutional Bitcoin flows for years When the signal turns, I post it here first Turn on notifications. You'll want to be early on this one

Simba

65,952 Aufrufe • vor 2 Monaten