Ep. 180 Glory To Canada
On this episode of the Unhashed Podcast, Mario and Ruben review Bitcoin 2022 in Miami, Musk’s move toward Twitter, Bitcoin as Nash’s Ideal Money, a token to track global electricity costs, Taro, Bitcoin Core (whatever that is), and more.
Bitcoin 2022
Smooth and orderly are not exactly what the world has come to expect from mercurial billionaire Elon Musk. He relishes moving markets with his tweets as much as he loves sharing duck memes with his more than 82 million Twitter followers. The drama over Musk's $43 billion takeover bid for Twitter is heating up, not just because the company's board is resisting him, but because other players are starting to appear on the scene. On Friday, the board put in place a ""poison pill"" – formally known as a shareholder rights plan – to fend off Musk, who currently owns about 9% of Twitter shares. The measure would make it more expensive for Musk or anyone else to increase their stake in the company to 15% or more. If that threshold were crossed, the board could inundate the market with discounted shares that Musk wouldn't be able to purchase, diluting his stake. It's a defensive move, and it gives the board more time to consider Musk's offer. On Saturday, Musk tweeted ""Love Me Tender"" – the name of an Elvis Presley song. Some observers took that as a hint that he may try to appeal directly to Twitter shareholders with what's known as a tender offer, naming a price at which he'd buy their shares. But that is exactly the sort of hostile move that the poison pill is designed to discourage. If Musk's offer is attractive enough, however, shareholders could pressure the board to scrap the poison pill. Twitter shares rose 7.5% to $48.45 on Monday, but are still trading below Musk's offer price of $54.20 a share, suggesting investors remain skeptical about his chances of success. – https://www.npr.org/2022/04/19/1093408513/twitter-elon-musk-explainer-investors-shareholders
Nash and Bitcoin – https://bitcoinmagazine.com/culture/bitcoin-and-mathematician-john-nash
https://twitter.com/SomsenRuben/status/1515988830519713797 (1wp energy)
https://twitter.com/SomsenRuben/status/1512131671998537733 (Taro)
https://twitter.com/tdryja/status/1512595998232653826 (Bitcoin Core)
https://twitter.com/Bret_Sears/status/1505617746268143618 (glory to Canada)
https://twitter.com/FedericoTenga/status/1510552362146050055 (gov boiling oceans