The Ledger

Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.

clear all ✕

why aren't all 4 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable

Opinion
Chamath: Saylor turned MicroStrategy into a massively levered long Bitcoin play
“He's really running their Bitcoin position, and he's created this massively levered long Bitcoin play. He's borrowing money at essentially zero. It's his returns are bananas right now.”
Chamath Palihapitiya Dec 25, 2024 ▶ 47:30 The All-In Holiday Spectacular
Opinion
Calacanis: Borrowing billions to corner Bitcoin is antithetical to Bitcoin's purpose
“Financial strategy of taking out billions of dollars in loans and then trying to corner the market and be the largest shareholder of Bitcoin, which is antithetical to the concept of Bitcoin, somebody cornering the market, also taking out loans and something th…”
Jason Calacanis Jan 20, 2025 ▶ 49:03 All-In Inauguration Day Livestream with the Besties from Washington, DC!
Opinion
Calacanis asserts MicroStrategy's valuation multiple over its Bitcoin holdings is unsustainable
“Then I looked at micro strategies and that made no sense to me that they were trading at two, three, four times The book value of their Bitcoin. And I think that's not sustainable.”
Jason Calacanis Jan 4, 2025 ▶ 44:11 2025 Predictions: Tech, Business, Media, Politics!
Assertion Partly supported
Baker: MicroStrategy's core business generates only $400M in annual revenue
“But the, but his, the underlying business that, you know, pays the interest expense on the debt only does four hundred million dollars a year in revenue, and it's, you know, high gross margin revenue.”
Gavin Baker Dec 7, 2024 ▶ 42:13 New SEC Chair, Bitcoin, xAI Supercomputer, UnitedHealth CEO murder, with Gavin Baker & Joe Lonsdale
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