Andy Back's SPAC Goes Splat
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Learn more about BIP-110:
https://www.youtube.com/watch?v=M1T6d-CfKJc
In this video, I discuss the collapse of the CEPO/BSTR merger and Adam Back's hopes for his own MSTR clone.
It appears that PIPE investors got cold feet after learning about the allegations of Back running a cloud mining scam.
In related news, Michael Saylor has come out firmly against BIP-110 and is now gaslighting Bitcoiners that there is no spam problem.
Not investment advice! Consult a financial advisor.
BSTR announcements:
https://decrypt.co/330602/cantor-adam-back-team-launch-bitcoin-treasury-firm-3-5-billion-btc
Adam Back's alleged cloud mining scam:
https://x.com/mattkratter/status/2068381788326731915
https://natinfosec.substack.com/p/adam-backs-blockstream-borrows-billions
https://www.youtube.com/watch?v=kZGzkrMuFrI
BSTR deal collapses:
https://x.com/mattkratter/status/2074848804650844377
https://www.businesswire.com/news/home/20260708171203/en/Cantor-Equity-Partners-I-Inc.-and-Bitcoin-Standard-Treasury-Company-Provide-Update-on-Proposed-Business-Combination
https://x.com/adam3us/status/2074851474195030328
Andy tried to leverage his reputation:
https://x.com/volpeLP/status/2074942222651310153
Michael Saylor doing more gaslighting:
https://x.com/saylor/status/2055344564890640597
https://x.com/1914ad/status/2074896198897443239
UTXO set bloat that Saylor conveniently forgets to mention:
https://statoshi.info/d/000000009/unspent-transaction-output-set?orgId=1&refresh=10m&viewPanel=panel-8&from=2020-05-01T05:00:00.000Z&to=now&timezone=browser
Responses to Saylor:
https://x.com/Jethroe111/status/2074958679472792005
https://x.com/knutsvanholm/status/2074893813626069360
https://x.com/14g23h34/status/2075005752755007997
MSTR may be planning to spam the chain too:
https://www.coindesk.com/tech/2024/05/02/microstrategy-unveils-plan-for-bitcoin-based-decentralized-identity-using-ordinals
Bitcoin pleb node runners rising up:
https://x.com/bendthekne3/status/2074632015719137593
https://x.com/CatoTheElder17/status/2074496266105655565
https://luke.dashjr.org/programs/bitcoin/files/charts/services.html
https://bitdis.org/
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#AdamBack
#Saylor
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