Daily Degen 2022 June 30 🦍📓

TLDR;

- 3AC ordered to liquidate books by BVI

- Nic writes a gud post clearing the air on his BTC maxi position

- $GBTC rejected again by SEC; $GBTC to sue SEC

- Tokens don't need to be "money"; they can also signify ownership

- Saylor wants 21 million BTC

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1/ British Virgin Islands orders liquidation of 3AC

The Block @TheBlock__

BREAKING: BVI court orders liquidation of Three Arrows Capital: Sky News theblock.co/linked/154751/…

2/ @nic__carter clarifies his positions on Bitcoin Maximilian amongst other things

nic carter @nic__carter

Clearing up confusion about myself, Castle Island, Dynamic, and 'maximalism'

medium.comSetting the record straightOr: a eulogy for bitcoin maximalism

3/ $GBTC files a lawsuit after getting rejected from the SEC

Sonnenshein @Sonnenshein

We’ve filed a lawsuit against the SEC. $GBTC

4/ @divine_economy expands on the different types of tokens we will see next cycle

david phelps (🐮,🐮)(🃏,🃏) @divine_economy

the crypto paradox: it's the non-financial value of tokens that gives them financial-value. otherwise you're just betting on ponzis—which is what's happened every cycle. but we've already laid the groundwork for the 7 key types of tokens next cycle 👇

5/ Saylor gonna catch em all

Packy McCormick @packyM

The year is 2140. There are 21 million bitcoin. Michael Saylor owns all of them. Michael Saylor is now immortal. MicroStrategy has long since folded. His bitcoin are worth $13.93, but they are his. He is happy. He will be happy forever. There will ever only be 21 million bitcoin.