Flip the Stock Market (Crazy Idea)

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I_might_be_weasel@reddit

This is called a "pump and dump" scheme. Where you inflate the price of an equity you own (usually a stock but quite often crypto as well) by getting idiots to buy it. Then you sell yours when the price is high before the whole thing collapses when everyone realizes it's worthless and stops buying. This isn't even a good one because you're admitting it has no value and will only rise in price because of people negligently buying it for no reason. You're basically admitting it's a scam.

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ddollarsign@reddit

How is this different from traditional things like cash and gold? Mostly those are valuable because people value them. Maybe they’re harder to pump and dump, but that’s only because of the sheer magnitude of their use.

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I_might_be_weasel@reddit

Gold's value is based on it being a physical thing of which the amount is limited. If we found a way to make gold bricks out of wood tomorrow, it wouldn't work as a store of wealth. Fiat currency had value based on the wealth, power, and stability of the organization that issued it. So like the USD has value because of all the assets and authority the United States has. This has neither of those things. It's basically just printing your own money at home.

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Project_Demosthenes_@reddit

"So like the USD has value because of all the assets and authority the United States has." Authority huh? kinda sounds a lot like.....Collective Belief. "It's basically just printing your own money at home." Have I introduced you to our friends the FED?

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ASKMEIFIMAN@reddit

The US has real, tangible, protectable power. That exists and can exert force on you whether you believe in it or not.

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Project_Demosthenes_@reddit

woah does everyone feel that that real, tangible, projectable power its so its so crazy woooooah

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ASKMEIFIMAN@reddit

I mean it’s the strongest economy and top military in the world. The majority of transactions internationally happen in USD. It’s not a matter of belief it’s reality. Not sure what you’re trying to get at. I remember it was cool to be edgy when I was 16 too.

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Project_Demosthenes_@reddit

ok (:

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ASKMEIFIMAN@reddit

Oh fuck I just realized you’re one of those spx6900 morons. As you were, maybe there will be UBI when you’re destitute in 5 years.

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gringo_loco43@reddit

Are you aware of how much the dollar is being devalued every year? Anyone with their money in the bank has fallen prey to the ultimate scam

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I_might_be_weasel@reddit

Good point. This is still a scam though.

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gringo_loco43@reddit

So what would you say is not a scam then as far as an investment is concerned?

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I_might_be_weasel@reddit

None of it is good. The whole stock market is ran like a rigged casino. I guess bonds seem more honest?

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OneDigitNumber@reddit

Interesting. In what way do you see them as more honest? Seems like one of the worst businesses of all time with an atrocious management and total scam of a business model to me.

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I_might_be_weasel@reddit

Stocks go up and down based on emotions and self fulfilling prophecies. Like remember when it was a big deal that small investors ended up making GameStop stock go up because it was "supposed" to crash since that's what all the big hedge funds had predicted and planned for? Bonds are simpler. You pay money and get more money back later. Your return isn't based on impossibly qualitative market forces.

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gringo_loco43@reddit

One big driving factor for stocks and crypto is the action that the Fed is taking, but you’re correct it can go up and down based on collective belief. That’s why OP and even myself are bullish on crypto, and SPX6900 specifically. GME went up so much because the working class came together to liquidate the hedge funds’ shorts, costing them billions of dollars. It got so bad that Robinhood actually removed the GME buy button.

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OneDigitNumber@reddit

They are simpler on the surface as in it's simpler to see that it's a bad business. Where does the yield come from? Printer go brrr? Taking 1/3 of my paycheck and giving it back to me? One thing that discerning people say in crypto is if you don't know where the yield is coming from, you are the yield.

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Project_Demosthenes_@reddit

lol

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_char23@reddit

I guess I’ll respond here and just add this is kind of the Spx6900 point. It’s like… if none of it is good, and the whole stock market is ran like a rigged casino, then why can’t a giant group of people run an asset to the sky and try to flip the stock market? Essentially it’s exactly what happened to GME, but in this scenario you have a fixed supply, no trading halts, and full distribution of coins. If you really dig deep, this kind of asset is the best of GME, BTC, and AMC together — belief & rebellion without the central breaker switch like the stock market. Idk something to think about. Would be careful labeling it as a scam so quickly, there’s a trillion examples of scams in crypto, they usually don’t look like Spx6900 (on the inside).

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gringo_loco43@reddit

Bonds are the best way to insure a small return, but those returns don’t keep up with real inflation. You’d still be losing purchasing power with bonds

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Kevalan01@reddit

The fed reserve is supposed to change interest rates to combat inflation. When interest rates are high, the returns on bonds or high yield savings accounts go up. (In the case of hys accounts, it’s because the bank is lending your money to other people, at higher interest rates due to the prime rate being higher.) You might lose a little but overall it does a pretty good job of matching inflation.

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Project_Demosthenes_@reddit

wrong

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Kevalan01@reddit

What exactly is “wrong,” lol

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Project_Demosthenes_@reddit

Hahaha I'm half razzing you. lol But I don't think that bonds are doing a good job of beating/matching inflation in general. But that's partly due to not really accepting the reported inflation rate as being totally accurate.

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Kevalan01@reddit

If you live in a high cost of living area, that’s your issue, not the overall financial situation of the US. Take a look at this graph. https://www.usinflationcalculator.com/inflation/milk-prices-adjusted-for-inflation/ When adjusted for inflation, milk has gone DOWN in price. (sure, let’s just take at axiom that the reported inflation numbers are inaccurate) If inflation were severely underrepresented, the inflation adjustment wouldn’t show it as decreasing in price (when adjusted for inflation) as the price rises. Milk is famously used as a measure of inflation.

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Project_Demosthenes_@reddit

A quick google search disagrees on your final statement about milk is famously used as a measure of inflation. Not saying it's not true just from that but like, seems probably not true. I've spent a good amount of time listening to economics and I can't say I have ever come across someone saying something like that. Im gonna have to disagree with your first statement just based on the fact that the dollar has lost 85% of its purchasing power in the last 50 years. Cool story about milk though. I actually like milk.

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gringo_loco43@reddit

It does a good job of matching inflation if you go by the numbers that the Fed is putting out, but if you take real wages and compare them to mortgages, rent, groceries, services, etc, we can see that bonds don’t come anywhere close to keeping up with inflation. You’re still getting scammed

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Project_Demosthenes_@reddit

Are you talking about the S&P500?

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Kevalan01@reddit

The S&P500 is an index, it’s not an asset. You can buy a mutual fund that follows the S&P500, and it takes your $100 and then you effectively own shares in the 500 top companies in the US. Nvidia, Apple, Microsoft, Alphabet, etc etc. The purpose being to diversify and increase the odds you will gain rather than lose from one crash or mistake by a company. It’s gained something like 10% average year over year in the last 50 years. Comparing the S&P500 to a scam is just… flawed.

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Project_Demosthenes_@reddit

2008 would like a word.

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Kevalan01@reddit

10% average year over year, averaging the last 50 years. Can look it up if you want.

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Project_Demosthenes_@reddit

Ok. The purchasing power of the dollar has lost 85% of its value in the last 50 years. Can look it up if you want. Really so crazy to think of that as sounding a little scammy to the next generation?

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Kevalan01@reddit

At 10% per year, your return is 259% after only 10 years because of compounding interest. This is just participating in the economy with your money. If you’re arguing that the system is not sustainable though, that’s an entirely different and perhaps valid stance, but there’s no way to know when growth will collapse.

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Project_Demosthenes_@reddit

I get what you’re saying. I think I am taking the sustainability argument. And at some point bubbles burst and someone’s left “holding the bags.” I think the idea of flipping the stock market is a more like an “evolved” Occupy Wall Street mentality merges with game theory economics (PvE vs PvP).

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Kevalan01@reddit

I think comparing inflation and economic growth to a bubble is a little disingenuous. Inflation is necessary to avoid deflation which is a lot worse for everyone. “Bubbles” don’t last as long as inflation has been around, which is basically as long as money has been a thing. It works because people can purchase assets and investments in companies through systems like mutual funds, protecting their wealth from the effects of inflation.

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OneDigitNumber@reddit

Putting your savings in a vehicle that basically just treads water and maintains purchasing power against inflation might work for a subset of people that have excess income and can contribute to a retirement account, but it doesn't make sense that a regular paycheck-to-paycheck person has to lock up their money in an index fund to afford the same sized meal or apartment next year. Especially since historically there are many years which you might be underwater on that investment year to year. When people's wages don't track along with the basics like food, shelter, medical care, etc., then that economic growth and inflation isn't serving to balance out the quantities of goods and services being chased by the money supply. It's slowly boiling them. The money is being siphoned out into the corporations (such as those in the S&P500) and asset owners at large who have extra discretionary income for those assets. This works phenomenally for some of us but on a mass scale it's contributing significantly to the breakdown of society. IMO slow inflation is OK. Slow deflation is also OK. Ideally, it would be perfectly balanced. But I think we might agree that the balance has not only tipped too far towards inflation for essential goods and services, but also the economic expansion has mainly benefitted a small number of corporations crowding out everyone below.

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Project_Demosthenes_@reddit

I’m not entirely sure what you mean, I’m not meaning to be disingenuous. Maybe I’m misunderstanding something. Plz explain, seriously. “Inflation is necessary to avoid deflation” wtf does that mean? Maybe I’m stupid 😂 but this boggles my mind from like a first principles perspective. There’s massive wealth inequality that at some point isn’t sustainable, right? I mean not just theoretically but like very quickly because it’s becoming exponential. AI will replace jobs faster than humans will be able to economically and practically afford “switching careers” or something. “It works because…” No it doesn’t. Wealth inequality continues to grow and people are becoming more and more disillusioned by the fact that the system is increasingly not working for their betterment. Debt/inflation/money-printing/wealth-inequality benefactors of this system. Not the working class (99%). Top 1% owns 5 times the wealth of the bottom 50%. If that’s “working” I would hate to see what a “broken” system looks like. “Protecting their wealth against the effects of inflation.” You mean invest in the companies where the largest benefactors are the top 1% that own the companies that generate the profits that lead to wealth concentration because you buy the shares of their stock because you might make money even though a lot can’t and they benefit the most from it? Those companies? The ones where if you buy the stock you make money if price goes up but lose money if price goes down. But for them they make money if price goes up, because they own the most of it but if price goes down, they still win because you will just keep buying the stock that they have the most of because they own the companies. Those companies? The ones where inflation hurts the working class the most and things like 2008 happened and the 1% has gotten richer over time but somehow “inflation is necessary for deflation” and you’re “protecting your wealth from the effects of inflation” while everyone just gets poorer. Those companies? Scam I am.

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Kevalan01@reddit

At 10% per year, your return is 259% after only 10 years because of compounding interest. This is just participating in the economy with your money. If you’re arguing that capitalism is not sustainable though, that’s an entirely different and perhaps valid stance, but there’s no way to know when growth will collapse.

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Aniso3d@reddit

i'm not sure if OP realizes that this is a classic scam. the writing is so naive , that I think they feel it might actually work

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dadadawe@reddit

Well this is exactly how money works so it's a scum until it isn't

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mackfactor@reddit

Bros gotta stop getting investing advice on TikTok.

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gringo_loco43@reddit

Well if he bought bitcoin in 2014 I’d say he’s doing something right

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Similar_Cupcake_8418@reddit

Many are quick to write off anything to do with crypto as a “scam.” Was bitcoin a scam? Ethereum? DOGE? The only way to make it is to have extreme conviction and believe in something to a level of delusion. Pick a movement with fellow believers who are just as delusional and you get GME or DOGE.

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SadBox8127@reddit

It’s actually crazy how naive and in the dark those replying are, but I guess if you’re not in the defi / memecoin space at all it’s understandable and does sound a bit crazy at first haha. I thought the same until I researched it. “Pump and dump” not true - you can see where all of the supply is held. The supply and holder distribution are 100% transparent. Anyone can check the chain and see where the tokens sit. The circulating market cap is 1.06 BILLION right now and usually hovers around a bil. it’s not some pump n dump shitcoin. If it were just another scammy PnD, it would’ve already collapsed. Ath was 2.28 bil. It launched in August 2023 so has been around for a minute. There are over 100k unique addresses holding spx6900 across chans (sol & eth), which probably works out to 30–40k actual holders once you factor in ppl using multiple wallets. Beyond just the actual numbers, there’s been endless discussion in tradfi, defi, and the memecoin space about this experiment & the broader idea of “(pure) belief based assets.” What started off sounding like a crazy idea has already picked up real traction. I purchased bitcoin in 2014 (best investment of my life) & everyone thought I was a nutjob and people on here are reacting the same way haha.. but this is not just another shitcoin. Look into it on x

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gudcoins@reddit

never bet against collective belief

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Robot_Graffiti@reddit

Until I got to the last paragraph, I was thinking "this just sounds like Bitcoin"

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GameMusic@reddit

The major difference Bitcoin exists already and has outperformed multiple better similar networks with reputation This is probably just a token instead of a true functional ledger

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Potato-Engineer@reddit

So... you're saying... all we need to do is make another shitcoin? Fifteen millionth time's the charm!

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Project_Demosthenes_@reddit

Interesting thought to have.

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Jealous_Tutor_5135@reddit

OP can you tell me what a normal stock is and where its value comes from?

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maddox_aeon@reddit (OP)

A normal stock is a share in a traditional company. In theory, a stock is valued based on the earnings/revenues of the company (P/E ratios etc.), but the funny thing is that in today's world a lot of the biggest companies are valued many times more than their actual revenue.... which begs the question, is a lot of it just belief based anyways? A lot of companies have literally cult-like followings and investors who are so passionate about the product that they invest not based on some fundamental metrics/analysis, but based on their die-hard love for the asset/company... Being a part of that investor community becomes an identity to a lot of people (Tesla, GME, Apple, Bitcoin etc.). These are very interesting patterns which make me think that things/assets can be worth something simply because people believe in them. Subjective theory of value is a known concept. What is valuable to someone may not be valuable to you. I think that within assets like this, there is something intangible that people assign value to, be it a sense of belonging, identity, counter-culture, community. It's quite fascinating to be honest.

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Jealous_Tutor_5135@reddit

They're valued based on projected future earnings. I agree a lot are overvalued. But it's based on at least a theory of future earnings, and in any case you're buying a piece of a thing. There has to at least be a thing at the bottom of it.

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OneDigitNumber@reddit

Sure but that's really just a meme. People say they "own" this or that company, but they don't really own it. The broker owns it. And the earnings don't automatically get transferred into your account if they increase. There is nothing contractual or automatic about the relationship between earnings and valuations. The transmission is purely memetic (people collectively decide to buy more because of the earnings rather than some sort of automatic or contractual mechanism). The exception is dividends, but those are normally peanuts and may or may not track the actual earnings, depending on what the board decides. Stocks are just sophisticated memes at the end of the day. I'm not saying that's necessarily a horrible thing, since some stocks can provide a benefit to society (funding support for a genuine small business for example), but most stocks are really just pretentious memes.

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Jealous_Tutor_5135@reddit

Broker? Stocks are a titled asset. It's not like a timeshare. Furthermore, even if it's overvalued it's based on a functioning business that has assets and produces real things. It's not a meme in the same way that an ape nft or even a piece of physical art is an asset. Let's say you own Philip Morris stock and tomorrow they outlaw tobacco. Yeah, future expected earnings will plummet as will the value, but there's a floor to it all, based on existing assets apart from the brand itself. Land, buildings, equipment. Physical things, which aren't memetic like a brand is.

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OneDigitNumber@reddit

The stock brokers are the companies who arrange transactions between buyers and sellers. They are the ones that technically own your stocks. You just get a claim on the pool of stocks they own. If they go broke, similar to if the company of the stock you own goes broke, you get a claim on what's left in order of priority, and you as a stock owner are shockingly low on that list. If the broker goes broke you don't have the right to just transfer your assets to another company 1:1, unfortunately. Regarding ownership of buildings etc., From my understanding, at very best, that claim gets exercised if the company goes bankrupt, and you get pennies on the dollar of what they have left after they pay creditors, preferred stock owners, etc., It's not like I can just redeem my stocks for one of their buildings at any time if I have enough stock and choose to do so.

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Project_Demosthenes_@reddit

The thing at the bottom of it is called Belief. People Believe that there will be future earnings. People Believe that buying stocks will make them money. People Believe that future earnings will result in price go up so I buy now. People Believe.

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Jealous_Tutor_5135@reddit

FedEx ships packages. They have trucks, warehouses, planes, land, and long-term contracts which are legally binding. These things, along with the very high probability that people will need to ship packages, determine both existing value and predicted future earnings. When a famous person duct tapes a banana to the wall and sells it, that's purely based on belief.

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Project_Demosthenes_@reddit

"FedEx ships packages. They have trucks, warehouses, planes, land, and long-term contracts which are legally binding. These things, along with the very high probability that people will need to ship packages, determine both existing value and predicted future earnings." Lol wrong. All you did just now was tell me what FedEx does. People buy shares of FedEx because they want to make money and hope that the price goes up. Nearly 80% of FedEx shares are owned by institutional investors. Meaning people just handing their capital over to the "experts" who in turn buy FedEx shares. People just believe that the "experts" will do a good enough job (Remember 2008? Yikes!). Problem is it's not working. "The bottom half of U.S. households own less than half a trillion dollars in stock market wealth." and "the top 10 percent hold about 93 percent of U.S. households stock market wealth." according to an article by Axios nearly 2 years ago. Maybe people are believing in the wrong thing.

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Jealous_Tutor_5135@reddit

1. No, I told you what FedEx owns. If the expert buys you a share, you own the share. It's titled in your name. Huge, shameful wealth discrepancies mean average people can't buy those titled assets. But it doesn't invalidate the title. It's a thing you own. We can talk about how the economy doesn't work for people. But businesses own actual things, provide needed services, and sell stocks as titled assets to people who they are then contractually obligated to. It may be hugely unequal, but it's the real economy. It's not the same as a duct tape banana.

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persistforever@reddit

I can get behind this delusional idea

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Punkybrewster1@reddit

As long as you can always sell it it may work!

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Rocktopod@reddit

presumably it works like the stock market where you can only sell it for what someone else is willing to pay. This is just an obvious pyramid scheme. Please do not buy into this.

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Project_Demosthenes_@reddit

Which SPX?

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Rocktopod@reddit

I don't follow. SPX is an s&p 500 index fund but as far as I can tell there's only one SPX. My experience is more with SPY or VOO but I'm sure anything tracking the S&P will be a good investment over the long term, unless society completely collapses.

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OneDigitNumber@reddit

If society collapses I don't think tracking the S&P would be a good investment in any time frame.

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Project_Demosthenes_@reddit

What? No the other SPX. The crypto index. "I'm sure anything tracking the S&P will be a good investment over the long term" Why would it be? Debt out of control, inflation, purchasing power of the dollars dropped like 85% in the last 50 years, wealth inequality is going through the roof. Why are you so sure that it will be a good investment over the long term? It looks like a fucking train wreck to me.

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Loopb25@reddit

A pyramid schema such as bitcoin and the entire crypto.... Ignorance at it best.

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OneDigitNumber@reddit

Name one thing financially related that is not.

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maddox_aeon@reddit (OP)

People have been calling Bitcoin a pyramid scheme since its inception and now it's at $2.1 Trillion with the biggest institutions getting involved. They said the same about DOGE and GME which both went to 100 billion and 40 billion respectively. I think what's happening is a natural emergent counter-reaction of younger people towards the inflationary economy. Young people are priced out of traditional assets so they are congregating together to create new ones and win that way.

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Rocktopod@reddit

Even if this and bitcoin aren't pyramid schemes, why would someone invest in this new one instead of something established like bitcoin itself?

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Loopb25@reddit

Man.. before you ask, make sure you have read and study a bit about what you are asking. Seriously?

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Jester-of-Crypto@reddit

No need to get testy at others for being cautious/skeptical. I certainly was at first and it honestly took a few months to get a better understanding. Just be patient and positive

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Project_Demosthenes_@reddit

This

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Rocktopod@reddit

Sorry, didn't realize there were such stringent comment requirements in /r/CrazyIdeas

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Sad_Conflict6258@reddit

I totally get where you’re coming from. Like why not bitcoin? I am from and work in traditional finance, When I first knew about bitcoin, it sounds like a scam to me, there is literally zero-use case for it when everyone is saying it will be a currency for payment transactions but I didn’t think deeper. Bitcoin maxis believe it is digital gold and they are right now as you see it when institutions are buying it. It took them like 10 years to reach where they are. Now why SPX, the collective group believe it will grow so much in valuation that it will flip the stock market, it is a movement and a pure belief asset. SPX maxis wants retail to be in before institutions come in. SPX is now in its 2nd year, the movement is growing with currently 200k holders. We have so many holders doxxing themselves and promoting the movement. It’s normal to feel skeptical especially when the idea is so crazy. Try to get to know us on X or our subreddit, we will be happy if you join us in the movement to flip the stock market!

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JacobAldridge@reddit

Great news, I can help! See, I already own a company with a few shares. What I can do is list my company as the first (and only) company on the S&P69420. I will create some new shares. 69 Trillion shares to be precise. And I will sell them for just $1 each. The moment you (or anyone else) buys 1 share for 1 dollar … the value of my company skyrockets to $69 Trillion! (Take that Elon Musk!!) Which means the value of the whole index is $69 Trillion. And it only required you to chip in $1 to create all that value. Can you see the flaw in the plan now?

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OneDigitNumber@reddit

The major difference between SPX6900 and this theoretical token is that the price of SPX was set by DEX liquidity pools in the beginning, and a vast majority of the price continues to take place there (rather than market makers raising ask prices arbitrarily).

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Project_Demosthenes_@reddit

No one will believe you because you don't actually believe that. Seems pretty obvious to me....

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Solcaer@reddit

OP you’re getting scammed

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Similar_Cupcake_8418@reddit

They said the same thing about bitcoin. It’s taken multiple 80-90% nosedives and now it’s over $100,000 because of collective belief.

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Solcaer@reddit

dude they said the same thing about bitconnect too that’s not an argument and you’re in an investment cult

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Similar_Cupcake_8418@reddit

I understand your point but the one thing that made all of these movements go parabolic was the community. I was around for DOGE and GME and I honestly have not seen anything like that until SPX.

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Mysterious_Citron_69@reddit

I’m sold.🤝

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dalvik_spx@reddit

I believe 100% in the SPX6900 crazy idea, but I have to admit that when I read this post I laughed because the mission is so insane. It reminds me exactly of Bitcoin in 2013–2015, when bitcoiners were saying they would create a new digital money and everyone laughed at them. I laughed too and didn’t buy Bitcoin at that time. I won’t make the same mistake now with SPX6900

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Training-Cucumber467@reddit

Out of the million things that ended up failures or scams, Bitcoin ended up being successful. Now anytime someone points out that X is a scam, you can parry with "but Bitcoin" to justify buying into X.

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dalvik_spx@reddit

Absolutely and I agree with you. OP is on bitcoin since 2013 tho so he knows what he is saying

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LetTheDarkOut@reddit

Aeons of the Cognisphere? Lmao xD this a joke, right?

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Project_Demosthenes_@reddit

Of course it's a joke! Until it isn't. (:

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dalvik_spx@reddit

no, it's a crazy idea

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gravelpi@reddit

Not enough people are going to buy into it, and those that do are going to be left holding the bag.

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maddox_aeon@reddit (OP)

i don't know how it will play it out. maybe it will fade into oblivion, maybe it will inspire a critical mass of people. there are around 210,000 people in it at the moment, with many really committing and making it their whole identity (publishing books, starting dedicated podcasts, going into streets to raise awareness) so it's quite fun to watch. We are living through a cost of living crisis and it's very palpable so it's no wonder young people will try weird new things to have a chance at a better future, these things will certainly seem crazy to most people, that's kinda the whole point.

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Potato-Engineer@reddit

Here's the question: once the market cap hits $69 trillion... who's going to buy the shares, so people can cash out and spend the money on rent, blackjack, and hookers? If everyone sells, the price will crater, and everyone who didn't sell far enough will have... nothing.

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Project_Demosthenes_@reddit

Here's the question: once the market cap of S&P500 hits $69 trillion... who's going to buy the shares, so people can cash out and spend the money on rent, blackjack, and hookers? If everyone sells the S&P500, the price will crater, and everyone who didn't sell far enough will have.... nothing.

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_char23@reddit

If we see a $69T market cap the “cratering” price will be while you’re up 4,000,000,000,000,000,000% from here so I wouldn’t worry about that till we get a little closer my fren

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spx6900journey@reddit

belive in something

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Adamn27@reddit

Sold my BTC and dividend stocks for SPX6900. Once you check the crazy aeons on X you realize there is no turning back. I’m locked in. SPX is the next big thing.

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DrDalenQuaice@reddit

That's just tesla

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Poio2k@reddit

this sounds so delusional it might actually end up working ngl I'ma get some just in case it catches on lol

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BigB6900@reddit

All you have to do is to do some research. Bitcon was a crazy idea as well back in the day, look at it now. SPX6900 is a crazy idea now.

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DifferentRole@reddit

Why yes, you're describing bitcoin. The #1 propping up that shit now is Mr. Saylor who is holding 4% of the entire "decentralized world currency". He buys all of the supply at any price to make sure his own stack's "worth" goes up. Mr. Saylor doesn't even have any money and no profits - he buys BTC with debt, and returns the debt to old investors by issuing even more debt to new investors... totally not like a Ponzi scheme of course.

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ItsEdmundFreud@reddit

the asset had two sides. 1/ there's the social coin (or the community): the real compounding engine. belonging, collaboration, proof-of-belonging. the network that multiplies your value beyond price action. 2/ and there's the financial coin (SPX6900): scarce, liquid, tradable. the anchor of gravity. without the token, there’s no recursive loop, no incentives, no sustained network effects.

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Vasiliy_spx6900@reddit

We really believe we can flip the stock market

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Senguash@reddit

That's just cryptocurrency. It barely even tries anything new in it's myth-making.

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MisterBilau@reddit

You just invented crypto, congrats.

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dalvik_spx@reddit

It’s not about crypto in general. Millions of cryptocurrencies are created every day. SPX6900 is a movement against the financial crisis facing younger generations.

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yvthousands@reddit

I mean, as completely crazy as it sounds there are no technical or theoretical reasons why such a mission couldn't be accomplished. I think this will ultimately depends on the community that forms around this mission and their collective ability to persist despite the challenges. If you look at this from the perspective of Lindyness, every day that passes without the project disappearing, it actually marginally increases the probability of the actual mission being accomplished (in other words, it becomes every day less and less crazy)

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ifunnywasaninsidejob@reddit

Has anyone you know in real life ever bought anything using bitcoin? Without converting it to fiat currency first? That shit is still fake, people are just using it as a speculative asset. It’s actual value is still zero.

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robo_aeon@reddit

At first, almost nobody could imagine that Bitcoin would someday go to trillions in marketcap. Only the most hardcore believers understood its value. Sadly, most of Gen Z was simply too young to really grasp Bitcoin's potential. But now with SPX6900, they stand to have an actual chance at financial freedom, just as the generations that existed before them.

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Loopb25@reddit

It's going to be massive, unlike anything seen before. Tremendous energy is accumulating under the woods.

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