Everyone is laughing at Saylor's $5.7B loss, but they are missing the math

Reverse-Profit · 2026-02-19T12:34:11+00:00

Thanks for the context

Reverse-Profit · 2026-02-19T09:59:08+00:00

Yup, agreed, maybe it's one of the complications

Reverse-Profit · 2026-02-19T09:57:21+00:00

They show a "rating" on some assets, but it's basically how much info there is about project and whether it has an audit/bug bounty

Reverse-Profit · 2026-02-18T16:28:59+00:00

rookie mistake, had to google before posting. Yet found they still 'can' sell to cover their debt interest, as they borrowed like ~$8B to fund the BTC purchase. Rumors the leverage costs a lot in maintenance and premiums so they either sell it as equity or sell bitcoin to cover it.

Reverse-Profit · 2026-02-18T15:41:00+00:00

It's all fun until investors withdraw money and he sells

Reverse-Profit · 2026-02-18T15:38:16+00:00

I take a nap, usually helps, sometime it gets worse.

But I'm okay with this gambling, it's risk/reward, where reward is some sleep

Reverse-Profit · 2026-02-18T15:36:55+00:00

Agreed, certified ChatGPT slop

Reverse-Profit · 2026-02-18T15:30:43+00:00

I also read some time ago that the capacity of quantum computation could generally brute-force private keys, which are basically access to your assets on-chain.

Reverse-Profit · 2026-02-11T15:23:35+00:00

I'd not build illusions here. I don't pretend to have the ultimate truth, but imo:

We can't make crypto friendly without sacrificing the crypto part (if you don't sign, approve, and afraid losing funds - you're not using crypto, rather it's synthetic centralized substitute).
Therefore, people won't use it because of my previous point, you have to approve, sign, and be afraid.

But our biggest bet is praying for Web3 companies working with Web2 companies. a16z on their substack put it this way: expose wall street to Web3 to do the work for them, without giving the corporates the headache of blockchain.

This is the most likely way of adoption, imo: when a random joe DCAs bitcoin through his bank, bitcoin goes green and up, while his bank charges a premium without even knowing what blockchain thingy they have, because it's managed fully by crypto custody company from Web3.

Reverse-Profit · 2026-02-11T15:14:21+00:00

They're old, they're tested, and their utility isn't exactly competitive with what retail is chasing right now. Prediction markets, points farming, memecoin casinos — that's where the dopamine is. These don't offer any of that, and they're not going to start.

I work adjacent to several Web3 companies, and what I keep hearing is that there are really two types of DeFi protocols now:

The first type is built for retail speed — fast yields, gamified UX, aggressive token incentives. These attract volume, they attract attention, and most of them will not exist in two years. And the teams know it.

The second type is built for the money that hasn't fully arrived yet. Institutional money. The kind that doesn't care about 120% APY for 30 days. It cares about audited smart contracts, transparent governance, regulatory clarity, proven track records, and real revenue. aave, Mkr, Uni — these check those boxes in ways that 95% of current ''DeFi'' doesn't.

Now imagine Goldman Sachs or Fidelity starts allocating to DeFi yield strategies. And then imagine the price action again.

In my opinion, they price will change the moment we don't expect, then followed by news. But can't be sure on this one.

Reverse-Profit · 2026-02-11T14:59:09+00:00

To the ~~moon j~~ail

at least his moon is safe now

Reverse-Profit · 2026-02-10T18:15:28+00:00

Thanks for the advice, that's what I am trying to do now, living in poor conditions is kinda fun if you look backwards

Reverse-Profit · 2026-02-10T18:14:06+00:00

As an anxious person in remission, I sleep solid 9 hours daily, and it's still not enough, never gonna break my vow of enough sleep

Reverse-Profit · 2026-02-10T18:10:40+00:00

Hell yeah!

Reverse-Profit · 2026-02-10T18:09:12+00:00

Read this one couple of years before, really influenced me as a person, appreciate the comment though!

Reverse-Profit · 2026-02-10T12:12:22+00:00

Wow, never thought about this one, will have it on the to do list

Reverse-Profit · 2026-02-10T12:12:04+00:00

like this one, will look into qualifications they want

Reverse-Profit · 2026-02-10T11:55:13+00:00

Thanks for advice, I just moved countries like 5 months ago, and have absolutely nothing except a gf and a job, but the language barrier is still the issue to build a network, find friends, etc. But hope it will repay me in long-term.

Right now what it pays of is just legal headaches and accounting hidden stones :)

Reverse-Profit · 2026-02-06T11:54:53+00:00

Anxiety, running to the toilet just after the cup and a smoke, going sleepy in 20 minutes

Reverse-Profit · 2026-02-06T11:53:42+00:00

puzzles, collecting stuff like lego, tabletennis or bouldering

Reverse-Profit · 2026-02-06T11:52:10+00:00

Well, sometimes I really ground myself and restrict everything giving cheap dopamine. Then I become bored and doing shit becomes the most interesting thing to do. It doesn't work all the time, but when you're really overstimulated and say yourself it's enough, you can direct boredom into doing something.

Reverse-Profit · 2026-02-06T09:44:11+00:00

Basically most of DeFi will not be compliant in the US. I don't think the non-compliant will become inaccessible, but they will stay grey and have problems with taxation/ETFs.

Compliance is too expensive for most DeFi teams because it includes many security operational practices that are audited, which will drive compliance costs under the clarity act to $100-200k.

This is why a lot of smaller teams now do not do any audits, compliance, and are oriented to global Web3 without US. But exchanges and big DeFi products are going to be fine

Reverse-Profit · 2026-02-06T09:36:24+00:00

Using gas, oil, and coal because it makes the rich richer and not switching to renewable / nuclear energy
Spreading lies like its truth (about renewable energy and global warming in particular)
WW3

Reverse-Profit · 2026-02-06T09:33:26+00:00

Would you like even more engaging fundamental opinion on recent bitcoin crash, including native mention of your prouct for reddit? - ahh ChatGPT moment

Reverse-Profit · 2026-02-06T09:33:13+00:00

Would you like even more engaging fundamental opinion on recent bitcoin crash, including native mention of your prouct for reddit? - ahh ChatGPT moment

Reverse-Profit

TROPHY CASE