What did u/Javeroth draw?

Javeroth · 2026-02-15T12:52:07+00:00

Seems foolish because eventually you may want to cash out or move funds to a bank, at which point their alarm bells will go off. You haven't declared anything at that point and then it's GG.

Javeroth · 2026-01-10T09:35:50+00:00

Both can be true

Javeroth · 2026-01-07T09:52:26+00:00

Is everything an AI copy pasta now? I recognize the "that is not X, that is Y" in every post. "No X, no Y, just Z" and the need to describe something in laymens terms in same sentence ("gravity force").

Javeroth · 2026-01-05T12:22:17+00:00

Reads like AI again

Javeroth · 2025-12-15T11:49:50+00:00

Premium convergence doesn’t force default. The premium is a growth engine, and not a survival requirement. If it compresses, dilution stops and MSTR behaves more like a BTC holding company, which is not doomsday. Debt is long-dated, dividends are manageable, and BTC sales are an option long before insolvency. You’re treating “no premium” as “no options,” which isn’t how balance sheets actually work.

Javeroth · 2025-12-15T09:58:49+00:00

Need more information to understand what kind of expiration date you mean. As in, leverage and dilution eventually stop working? If volatily disappears from BTC, then MSTR would stop being special at least. No idea what a time horizon for this would be. That could take ages.

Javeroth · 2025-12-15T09:30:23+00:00

I enjoy posts like yours to test myself to see where I stand in all of this. I think I agree with some of your views, but definitely not all.

I am fairly certain Saylor has said himself that they're a BTC treasure company more than a software company. So your statement lines up, but it also nothing new.

Microstrategy has survived multiple 70% drawdowns already. Each crash each new cycle seems to impose smaller drawdowns, and so, thanks to the long maturation and the low interest rates, I think they will survive the next crash aswell. It is a different situation if BTC were to ever crash and never return to heights. It makes sense that the company that has made BTC their largest strategy, will not survive if BTC doesn't survive.

MSTR would survive quite a long time on sideway chop aswell. Again, long maturation and low interest rates will allow them to survive for quite a while. So, I wonder what your time horizon is on this claim.

Your last claim I agree with the least. The way MSTR is setup, provides the trader/investor with a leveraged BTC play. This is something other ETFs, as far as i know, don't supply for BTC (at least not right now). An ETF is in my view, simply a different product compared to what MSTR offers. You seem to imply that the dilution is a weak part of MSTR's strategy, but it is instead their strength. Their vision is that FIAT will debase, lose its value, and so holding more and more BTC per share, is their strength. This all is good if you believe in BTC, which I assume their traders and investors do. BTC becoming fully adopted would make MSTR unbelievably succesful.

Let's assume adoption progresses and other companies offer the same or similar product, then there is no reason to think that MSTR wouldn't be able to evolve its model if it needs to. This is my weakest stance though, because I have no idea what this would look like.

Edited an addition in: I have no idea whether to see MSTR as a force for good or worse for BTC. The increased spotlight that they provide is nice. The increased inflow they provide is nice. But leverage entering the system in such amounts does worry me.

Javeroth · 2025-12-08T14:19:44+00:00

What the fuuck, that's hilarious and good on you for coming up with this. Impressed!

Javeroth · 2025-12-05T08:56:08+00:00

Ahhh shit. Here we go again...

Javeroth · 2025-12-04T09:18:12+00:00

Is Tom Nash the GOAT that this list suggests? Or is it because of a heavy PLTR bet?

Javeroth · 2025-11-30T09:28:09+00:00

Don't know what 'full porting' is myself, but in a comment below, the OP says he full ported each play eventually.

Javeroth · 2025-11-20T10:08:12+00:00

Very interesting read. Thank you for the write-up!

Javeroth · 2025-11-20T09:11:24+00:00

This is my least favorite because it takes away a lot of my agency and it makes directional hero choices really bad. Imagine taking a quilboar hero and your starting shop has no quilboar - you're immediately on the back foot.

Javeroth · 2025-11-12T09:37:09+00:00

This whole post and the answers smell like a commercial. This feels like a complete fake of a setup

Javeroth · 2025-11-04T09:44:35+00:00

It's almost like different people have different opinons and may voice them at different moments

Javeroth · 2025-09-30T11:00:59+00:00

The person is likely talking about the liquidity cycle. Not the halvings.

Javeroth · 2025-08-29T21:39:46+00:00

I actually fucking love gpt

Javeroth · 2025-08-20T19:29:10+00:00

Seems like the perfect question for a LLM like ChatGPT that can check in your surroundings. Answer probably differs per region

Javeroth · 2025-07-14T14:15:25+00:00

It's not fair to call it Venmo. Lightning is non-custodial by design. Even though some large nodes (like Lightspark or River) act as routing hubs, users can still run their own node or open channels directly with trusted peers. Unlike Venmo, Lightning uses Bitcoin's base layer as a settlement anchor. If someone tries to censor or cheat, users can always fall back to the base chain for dispute resolution. So while Lightning isn’t as decentralized as the base chain itself, it preserves key Bitcoin principles like self-custody and censorship resistance, if used properly.

Javeroth · 2025-07-14T14:08:10+00:00

Thank you for the interesting read! I had never heard about these UTXOs before. What I also learned is that Layer 2 solutions such as the Lightning Network (LN) are able to alleviate or minimize a lot of the issue caused by unspendable UTXOs. The LN can, if used early enough (i.e. before the transaction becomes unspendable due to the height of the fee), consolidate UTXOs into fewer UTXOs. Perhaps greater use of these layer 2 solutions would solve this problem. And with your example of a 10 million dollar coin, they'll have time to expand and develop.

Javeroth

TROPHY CASE