From what I’ve read about it so far it seems this is a straight up bond offering that won’t offer much additional benefit when BTC skyrockets. I’m not quite old enough to be interested in a straight fixed income product yet. If it sells any volume it should help leverage the rest of Saylors offerings though so I hope it gets popular.
SINGAPORE – In just seven short years, Malone Lam Yu Xuan went from being a student in a secondary school in Choa Chu Kang to being dubbed crypto whizz-kid by some in the US in 2023. Many who saw his spending spree were amazed a 19-year-old could afford large mansions, a fleet of expensive cars and luxury clothes. In truth, Lam was living off the millions in crypto he stole from various investors, he later told investigators in the US. This was before August 2024, when he allegedly got involved in the theft of Bitcoin valued at more than US$240 million (S$320 million), one of the largest cryptocurrency thefts in US history. Legal documents obtained by The Straits Times showed that Lam, who turned 20 in 2024, had been living in the US on an expired tourist visa. Documents filed in a US court showed the then teenager pocketed millions and spent some of the money on himself and his friends. Among other things, he purchased and gifted a 2024 Mercedes SL and a 2023 Ferrari FS to Jeandiel Serrano. _____________________________________________________________ Who is Malone Lam Yu Xian? - He is a multi millionaire even before he was an adult - He had ~ 8 years of education only (a school dropout) - He must be highly gifted. He managed to steal US$240 million cryptocurrency Where did he get the 'talent'? - He owns tens of expensive cars, mansions, spends millions of dollars in clubs For sure, he will be in the US prison for many years. After his prison release, his talent will surely be highly sought after.
I created an NFT of this thread. It's stable with the value of bitcoin. fyi, this did not take seconds to do and not created out of thin air. Follow the science https://lora.algokit.io/testnet/asset/736020554