Bitcoin....who's gotten into it?

**subtle plague** · 07-21-2022, 06:16 AM

Originally Posted by up an down

He has all those kids to support.. And he probably wants triplets with a new woman now because his dad had twins.

He wants quads. WITH THE SAME WOMAN! TO SHOW HIS DAD!

**summit** · 07-21-2022, 06:55 AM

Originally Posted by shera

Tsla eps was inflated due to the btc sale...

If TSLA lost 100m selling/trading the btc, how does that equate to inflated earnings?

**up an down** · 07-21-2022, 06:55 AM

Originally Posted by subtle plague

He wants quads. WITH THE SAME WOMAN! TO SHOW HIS DAD!

That would be a heck of a double down.. They both keep busy producing future customers for Tesla and future suckers to buy and flog crypto.. A baby Musk coin/ nft in the near future?

**up an down** · 07-21-2022, 06:58 AM

Originally Posted by summit

If TSLA lost 100m selling/trading the btc, how does that equate to inflated earnings?

Cash flow inflated because the coin sale proceeds were added to the earnings bottom line..

**Vt-Freeheel** · 07-21-2022, 07:26 AM

Unfortunately for shareholders ^^^this^^

**summit** · 07-21-2022, 08:04 AM

I know very little about corporate accounting, but it sounds shady as fuck to realize a loss and call it earnings

**dunfree** · 07-21-2022, 08:29 AM

Sell digital assets for $80 you bought for $100 still gets you $80 of cash flow.

**Mustonen** · 07-21-2022, 08:46 AM

What now?

Cash flow does not equal earnings. TSLA sold because it felt a little pinched by liquidity. They also say that the bitcoin they sold was sold at a gain, but that the bitcoin they kept represents a $100M unrealized loss, making their BTC portfolio looks a bit ugly and their balance sheet also a little less pretty.

The way they said it makes it seem like they accounted for that loss through the income statement after the sale, but it isn’t clear to me whether that is always the case and I don’t know how GAAP wants you to treat BTC “investments.” (Does GAAP know how? Somebody who knows should weigh in here, I refuse to dive into GAAP for non-work related purposes.)

Are they just marking to market off of the total portfolio and then realizing gains off of individual BTC? I can’t quite puzzle how that even works…. (It doesn’t, it’s all the same)

**JimmyCarter** · 07-21-2022, 08:46 AM

100 cash outflow on purchase, 80 cash inflow on sale.

Shouldn’t have impacted accounting earnings though, assuming it was MTM, as the decreases would have hit the income statement in each quarter

**schuss** · 07-24-2022, 11:11 AM

This is pretty hilarious:

https://web3isgoinggreat.com/single/...oke-gone-wrong

**4matic** · 07-26-2022, 02:32 PM

I saw Novogratz talking about more regulation needed. If the SEC follows through they will put Coinbase and most “tokens” out of business. Be careful what you wish for and I wouldn’t be in any stablecoin or token right now.

**byates1** · 07-27-2022, 11:06 PM

BTC is going nowhere. But like gold, could be diluted away w paper BTC by tradfi. Im buying

Eth surging. Picked it up at 900. Took a flyer on some hbar the other day.

Iso20022 is the new system away from swift apparently. New standard. Xrp heavily positioning to be that leader in cross border payments

We're all gonna die.

**byates1** · 07-27-2022, 11:08 PM

https://www.jpmorgan.com/solutions/t...t-is-iso-20022

**Bunion 2020** · 07-28-2022, 08:18 AM

Originally Posted by byates1

BTC is going nowhere. But like gold, could be diluted away w paper BTC by tradfi. Im buying

Eth surging. Picked it up at 900. Took a flyer on some hbar the other day.

Iso20022 is the new system away from swift apparently. New standard. Xrp heavily positioning to be that leader in cross border payments

We're all gonna die.

Well that is one prediction that no one can disagree with.

**4matic** · 07-28-2022, 08:29 AM

Originally Posted by byates1

BTC is going nowhere. But like gold, could be diluted away w paper BTC by tradfi. Im buying

Eth surging. Picked it up at 900. Took a flyer on some hbar the other day.

Iso20022 is the new system away from swift apparently. New standard. Xrp heavily positioning to be that leader in cross border payments

We're all gonna die.

Lots of alternatives to SWIFT have been floated. ICE has one, GS has one.

**bennymac** · 07-28-2022, 10:03 AM

“If you make a NFT of a real diamond, and the diamond itself gets destroyed in a fire tomorrow, you still have the same asset.

Because the token still exists and is in limited supply just as before. Nothing has changed.

What NFT is doing to the concept of asset, few understand.”

https://mobile.twitter.com/taschalab...748938?lang=en

**skaredshtles** · 07-28-2022, 10:49 AM

Originally Posted by bennymac

“If you make a NFT of a real diamond, and the diamond itself gets destroyed in a fire tomorrow, you still have the same asset.

Because the token still exists and is in limited supply just as before. Nothing has changed.

What NFT is doing to the concept of asset, few understand.”

https://mobile.twitter.com/taschalab...748938?lang=en

**subtle plague** · 07-28-2022, 12:38 PM

So who buys my Praxis rx Token? It's worth more since I lost the skis!

**Vt-Freeheel** · 08-01-2022, 06:11 PM

https://www.marketwatch.com/story/se...me-11659373856

**byates1** · 08-01-2022, 07:33 PM

Good luck nabbing those peeps in Russia, Georgia etc.

**J. Barron DeJong** · 08-02-2022, 07:44 PM

Click image for larger version.

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https://twitter.com/silvermanjacob/s...MmkXe0FGjVmuIQ

**J. Barron DeJong** · 08-02-2022, 07:46 PM

Click image for larger version.

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https://twitter.com/web3isgreat/stat...MmkXe0FGjVmuIQ

**up an down** · 08-02-2022, 10:15 PM

Originally Posted by J. Barron DeJong

https://twitter.com/web3isgreat/stat...MmkXe0FGjVmuIQ

Looks like he turned off his laser eyes

**byates1** · 08-02-2022, 10:19 PM

Saylor now focusing on BTC more than his company. Same w Dorsey. We shall see.

**shera** · 08-03-2022, 03:11 AM

H's still got laserish eyes on twitter. Very curious, wonder if he got pushed out due to bear or it was his idea like Dorsey.

In any case, he's a smart guy and already done good work organizing the bitcoin mining council. I have some mixed feelings about someone with that much bitcoin having so much influence, but what can you do? He is a net positive for bitcoin adoption and will promote favorable regulation for it. But he goes on vehemently about other cryptos being securities. Popcorn time.