cincy on Nostr: all I am talking about is changing your unit of account from USD to BTC. Businesses ...
all I am talking about is changing your unit of account from USD to BTC. Businesses can and will do this as well, MSTR is one of the first to do it publicly. When evaluating a business you typically look at their earnings per share in USD, instead all I’m doing is looking at earnings per share in BTC. Most businesses are not profitable when you change your unit of account to BTC, MSTR is actually profitable in BTC terms. That’s all I’m saying, in the future when we make investments we will be looking at bitcoin denominated cash flows which is not the same as a company offering BTC yield. I concede that Saylor often has poor choices of words but his company is operating on a bitcoin standard and trying to produce profit in bitcoin terms. Most people do not understand how equities work and shouldn’t have to, which is why it’s great that you can just buy bitcoin and theoretically not have to worry about money debasement and try to invest in things you don’t understand.
