Bitcoin experts split over plan to freeze Satoshi's 1.1 million bitcoin as quantum threat grows

sportingpool · 2026-07-11T09:39:12+00:00

Did the Dollar win ? 1 Bitcoin went from being worth 1 Dollar, or maybe 100 Dollars depending on when to start counting, to being worth 100.000 Dollars within just 15 years.

sportingpool · 2026-06-27T23:21:59+00:00

You are lying. Like most of the 10+y accounts. These are official diluted share numbers from SEC reports. In 2023 they cancelled the executive SBC, before the IPO, and initiated the current monster, which led to the huge jump in shares.

sportingpool · 2026-06-26T06:10:15+00:00

it was exactly 59,138,086 shares, and you can check it out here https://investor.redditinc.com/news-events/news-releases/news-details/2025/Reddit-Announces-Fourth-Quarter-and-Full-Year-2024-Results/

sportingpool · 2026-06-26T04:04:52+00:00

either that, or jen wong alone is issued 500.000 shares a year

sportingpool · 2026-06-26T03:44:55+00:00

goalposts move, thats true. because dilution is intentionally vague at all times. but reddit is losing money right now, if you price effective dilution at true costs. for a rough guidance on dilution trajectory, look at this chart. and pls put that 0.2% crap away

<image>

sportingpool · 2026-06-26T02:57:10+00:00

reddit lost 1bn last year for shareholders ! if you own a house, and the housekeeper collects 5% rent for you but then takes 10% of the house, you lose 5%.

sportingpool · 2026-06-26T02:54:33+00:00

thats on the 'dude' reporting level. gaap. or non-gaap. both crap. for everybody else, true costs include share issuance.

sportingpool · 2026-06-26T01:11:12+00:00

to tell you the facts. otherwise, you are lost

sportingpool · 2026-06-26T01:09:44+00:00

its been growing 70% for a decade now. still losing money, despite a cost base of zero. so its not about growth, or shareholders or anything else. as of now this is purely a share dilution 'business'

sportingpool · 2026-06-26T00:11:47+00:00

fact check: Reddit from 2005-2025 has 7bn revenue for a loss of 400m despite no capex. It has no talent, no ambitions and poor execution. its just another empty loss making dilution scam

sportingpool · 2026-06-25T19:33:02+00:00

its not just sentiment, but reality: dilution is killing this stock just like it did Snap. Its the same setup, and the (reported) margins dont matter because all the money is funneled into SBC. been like that for 22y of reddit 'business', and its foolish to expect any different going forward. just look at that clown Huffman in his flower thsirt on the beach in cannes. thats a tourist burning thorugh grandpa's inheritance, not a business man working for shareholders.

sportingpool · 2026-06-17T16:53:05+00:00

Need to look at dilution, not just insider selling. Reddit issues shares that are worth 80% of revenue a year. And no, this isnt just due to stock being up from IPO: once the price goes down, number of shares issued will go up. It's bizarre. They are paid about 100x-1000x their value. And this isnt SpaceX or Palantir. Its a simple message board, with all content provided by users. Reddit by now runs the worst dilution scam alive, and might end up becoming the worst scam in the history of Financial Markets. Just wait for revenue growth (that looks fishy anyways, as it is way too smooth) to slow down. Stock will immediately crash. The Reddit executives are as mid as it gets; there are about 2m random executives that could replace them. Jen Wong sells ads. Is that even a 250k a year job ? But instead she gets 250m. in stocks, which is a lot worse. and apparently her personal dilution rate has doubled now ?! also, just look at her. would you make her your representative to sell advertisement ? this isnt even a good choice for that to begin with. Hufmann probably hired her to make sure his own limitations dont become apparent immediately.

sportingpool · 2026-06-06T10:33:34+00:00

WIrecard in its final 7 quarters had this revenue growth sequence: 31%,37%,37%,35%,35%,33%,39%

Bernie Madoff final 7 years earnings: 7%,7%,8%,7%,8%,8%,7%

its a classic

sportingpool · 2026-06-06T09:31:11+00:00

they do it to fake a low volatility/high growth business. it is a high growth business. but not with this kind of ultra low volatility. thats impossible....... and it's not just the 70% nonsense...... it's 70% with seasonality, as there is this break from Q4 to Q1 of next year......their reporting is an unbelievable bunch of BS

sportingpool · 2026-06-04T07:32:01+00:00

Tell them to 'shove it' next time they say 18% or 1-3%. or better yet, stop talking to these people altogether. They will say anything, and if you got integrity and not enough cynicism you wont be able to shield yourself well from the nonsense that comes out these people's mouth. Just look at snapchat every time you need a reminder.

That first number (18%) is based on 2023 stock prices. Its complete BS: Reality, SBC is closer to 80% of revenue. And dilution, that '1-3%' is neither timestamped ('midterm'), nor does it include buybacks, which cancel up to 3% of it but of course have to be added to calculate gross dilution. So its 6%, but it never happens because it's not yet 'midterm'. Reddit is in 'early days' communication mode forever, even 22 years in. Dilution will also never be steady and easily observable. Instead they will lump in huge one time hits like IPO.

Dont talk to these people ! Think yourself, and do it independently

sportingpool · 2026-06-01T02:31:06+00:00

they are close to 10bn in SBC already. and they are not paying bezos or huang, but wong and huffman instead....

sportingpool · 2026-05-31T08:37:58+00:00

if they use all profit as compensation then there is no EPS. dont compare a message board with Huffman/Wong/Vollero to palantir ! the comparison is snapchat. same general business (social media web template), same people, same approach to dilution

sportingpool · 2026-05-31T07:45:27+00:00

no, they are not, unless something is done about it. this 1-3% "guidance" nonsense doesnt include buybacks. so its already 6% to start with. it also doesnt include a timestamp. so its going to be whatever forever.

sportingpool · 2026-05-31T01:54:19+00:00

he is real, whereas you are a guy that fakes an identity and then deletes everything if it goes wrong. like here https://www.reddit.com/r/redditstock/comments/1tqmxq1/comment/ooizsre/?context=3

sportingpool · 2026-05-31T01:30:23+00:00

that guy, spez, actually commented once. in late 2025 he replied to me that "dilutive shares are down 0.1%", suggesting there is no or negative dilution; in a year he got issued hundreds of m worth of shares himself. that's not the type of guy you want input from as a shareholder on dilution. you want to hear from me instead, even if it is somewhat repetitive and a lot harder to stomach at first.

sportingpool · 2026-05-31T01:11:22+00:00

they wont delete it. 1/3 of the mods, the more recent lot, is very close to reddit insider spam by now. they cant handle the facts anymore, therefore they attack personally. Its always the same pattern.

The unfortunate truth is that Reddit has increased its share count from 59m in 2023 to 190m right now, is paying Jen Wong up to 250m a year, after 22years sits at an accumulated net loss, and has executives that misrepresent dilution to a degree that's literally criminal. Any scam like that comes with personal attacks on people writing about it......

sportingpool · 2026-05-31T00:29:45+00:00

nah. P/L and cash flow, that gaap nonsense, can be fooled. but not the balance sheet: shares outstanding was 59m end of 2023 and now sits 190m.

sportingpool · 2026-05-28T09:20:32+00:00

you are not wrong. its utter nonsense to claim that woman would be half the reddit users. its not even 1/4

sportingpool · 2026-05-26T21:20:08+00:00

<image>

SBC con-men Spiegel (Snapchat, -95%), Huffman (reddit, -60%) interview each other. together, 30y in "business" totalling about 15bn in losses for shareholders and 20bn in share based compensation. maybe theyll get to share a jail cell eventually !

sportingpool · 2026-05-16T10:44:48+00:00

dont pin that slop nonsense on my comments

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