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#pyramidscheme

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“Thoughts and prayers” doing placeholder work for “nothing I can do”, as climate disasters creep up on frequency of shooting disasters. Soon it will be “nothing I can do” from oligarchs and apologists as shooting disasters happen BECAUSE OF (and during) climate disasters.

“Thoughts and prayers” = “Fill that offering basket” = “like, subscribe” = segue the wealth to those who will build walls to keep you out. Might as well just buy Trump crypto.

Continued thread

2/ In other "crypto scammers visiting El Salvador to immanentize bitcoin fascism" news, #MicroStrategy CEO Michael Saylor, the man who owns more bitcoin than anyone (much of it bought with borrowed money in what will probably turn out to be history's largest pyramid scheme) flew to San Salvador to visit Bukele on February 13th.

cryptobriefing.com/bitcoin-mee

Crypto Briefing · El Salvador's president Nayib Bukele meets with Michael Saylor to discuss BitcoinNayib Bukele and Michael Saylor discuss Bitcoin in El Salvador amid regulatory changes affecting its legal tender status.

One week ago #MicroStrategy (#MSTR, the world's largest pot of bitcoins masquerading as a publicly traded company) announced they were raising $21 billion (1/3rd of the entire company) via a new "perpetual strike preferred stock" called #STRK to raise cash to pump the price of bitcoin.

Today now suddenly they are announcing they will raise money via yet *another* financial instrument "strife" (#STRF) to pump the price of bitcoin.

absolutely wild. bitcoin cannot be "digital gold" if its price depends on the solvency of a single company (which it now does)

* STRK announcement: strategy.com/press/strategy-an
* STRF announcement: strategy.com/press/strategy-an