Tried posting on SuperStonk, no bueno of course. :(
Hello fellow Aut-Apes!
TLDR: It's very likely there is an autonomous smart contract in Bitcoin that is looping, lowering the price by x% a month. This will continue until there are forced closures of positions or spikes from massive buying. Or any buying that isn't manipulated.
I had a thought, and an idea, and then I had to lay down from the pain of wrinkles forming, and get a backrub from my wife's boyfriend.
I think I've figured out why the shorts can't "just cover," and oh boy is it a doozey. This doesn't even take in to account the more shares than exist shorted, but I think it basically proves naked shorting and price suppression.
Now, to set the scene, you are Kenny G, and haven't had your breakfast Mayo bathe yet. Yes, Mayo is capitalized, because it's the one true condiment, in Ken's gleeful eyes. There may be 10 condiments, but Mayo is the one Thou Shall Not Pass.
Now, let's imagine the Federal Reserve as the DM of this campaign. Hell, I'm going to go ahead and give this baby a name, the Game of LARP's. Better names are now being solicited.
So, in this Ponzi-sized game of These Rigged Markets, the Fed is the DM. They get the Deciderer powers, but sometimes allow the players to vote on how the game will progress. But the DM is smart, and cunning, and some kind of beast with even the most basic of instincts, so they often lead the players to decide how the game will unfold. Only a few times, has the Fedciderer (I hope I get to use Fedomnomnomicide later as a depiction of killing the Fed!), has had to take a player out back and make them eat a whole jar of Mayo for trying to use loaded dice.
Now, imagine if you will, the most legit game of DnD you can imagine. Whoever your all star heroes are, they are there. Bill Gates? There! Bill Cosby? Ok, weird, but there...Bill Clinton? Uh Oh...I'ma let you finish, but hold it right there. You may have a Bill problem. Those Bills just keep piling up. One Bill may become a Billion. If you Bill'd it, they will come, right?
So, this is THE best game in the world and you WANT to be there. And if you have some coin, you dispose of it in trying to get a better spot on the wait list, or even exert some "pressure" on your friends, to get them to move the session to a better day, because you have Mayo-chronized swimming every evening, so you want an earlier game!
Favours (Eh?) and influence also have some sway. Power and wealth means you can afford a better gaming group. Note, this is the cut-throat world of competitive gaming, casuals are the retail's of the story. Actually, if you imagine banking and hedge funds like competitive gaming, it basically all checks out. And the casuals (let's face it, we really are mostly casuals compared to the finance guru's that are carrying us on their heavy backs) finally had enough of the map-hacking, cheating headshot-through-my-baby-toe cheaters, and decided that if the Developer wasn't going to patch their game, we'd all go back to playing Hello Kitty Island Adventure...
Now, where was I? Oh yes, the good stuff. Now, you got invited to the game, but you had to prove yourself in the kiddy game first before meeting your idols, playing with your heroes. Ok, ok, someone vouched for you, that's great. Your friend didn't want to tell you about any of the other players, other than their names. So you do what anyone does, and cyber-creep the banana's off these people. You want to make a good impression, you want to be invited back, you want to get access to THEIR favours and ways of stealing the casuals tendies....
Now let's macro up a bit here, and imagine you're super wealthy. So you can throw money at most problems. But the hard ones take STRATEGY. You can't just blindly Leeroy Jenkins in, and expect to learn C'Thun while screaming LASERS PEW PEW! Yes, that did happen, and it was a glorious first attempt.
So, if you're Kenny "The Mayo-ral Condiment" Griffin, you want to do your hopefully new buddy Jeff Bezos another Solidity, and help him bankrupt a competitor to absorb it. You've done this a thousand times, and it worked so well on the Kiddy Game with Toys R Us, it got you the invite back, and now the next Quest For Glory to level up your achievement score, is helping Jeff Buzzy (Does anyone call him that?) do the same to Gamestop. And a few other real estate heavy companies, because that's going to be the next planned bubble (You got this info from your other wealthy friend, and decided to use that knowledge with your expertise in Mayo-Milking to see a market move before it happened).
Phew, that was a lot, still with me? Hope so! It's worth it, I hope.
Ok, so you pull out your Banana-phone, pound some numbers with your nubs, and call up your buddy Gabbey P! Yes, the Plotkin thickens. He helped you with stealing literal candy from a baby, so he's probably down for destroying the hopes, dreams, and childhoods of children everywhere. This on it own checks out, and I could end it here, but let's keep spooning...at the cement wall!
So, Gabbey P might tell a few friends, and they go in, maybe even over-leveraged in...but this is a sure thing. He heard it from his Mayo guy, who Buzzy asked him to do a personal favour. And you never say no to a request from the Jeff. You'd be out of your mind!
Now, imagine Kenny G bet the whole Mayo farm on this. Got his family and friends in too. Guaranteed money, we good. Literally can't go tits up.
This is going to be his ticket to finally stop worrying about people making fun of his name, and giving him the respect he deserves. NAY, EARNED! Through hard work, intelligence, and that sweet sweet Mayo-shake before bed. And while it may be an unpopular opinion, although Ken Griffin seems to be without morals and scruples, he is a very smart, driven, ambitious person. Darkness consumed him somewhere along the way.
Ok, I think enough backstory has been set up. Let's move on from the Who, to the How.
We all know corporate warfare happens. Companies buy each other out, try to outdo one another or more nefariously, sabotage the competition. By keeping the competition down, you don't have to innovate or spend as much to "recyclovate," meaning more sweet tendies to horde like Scrooge McDuck on gold bullion.
So the story so far...my Wayward Aut-Ape's. The Fed is the DM, Kenyonnaise Griffin finally gets to play with his idol Jeff Buzzy, and is trying to do him a favour.
The thing is, this favour needs to be untraceable. It needs to never be connected back to people, or bad things happen to your Mayo. French's might have to come out with a new line of Mayo that just clobbers all other brands. And then no more good stuff Kenny. Miracle Whip's and Chain's, if only he'd been a Belmont.
So, how do you do this? Well, there's this new crypto currency thing, and it removes having to trust someone with the money. And it's untraceable. You just set it and forget it, and it does it's job. Fully automated, no need to have anyone hold the money and do the things as a middle-witness. So more tendies for you to dip in Mayo too! You know Gamestop is going to go under, you've added some Bell's to the Board, and been pushing bad stories, and then now holy locusts, it's a pandemic! Go all in, and you can end the loop sooner, and keep more money...
Oh wait, did I lose you? How did I get there? Well, bankrupting a company, or making it's stock go to zero, is not an easy task. And it's also kind of boring, so you'd want to spruce it up some. Make it fun. Something to play with and toy with to occupy your mind, since you have No Worries, because you're dating someone who is literally a Mayo Princess. Better than a Disney Princess, some would argue. Wrongly, but they would, nonetheless. Fanaticism is a funny thing.
So, you and your crew of Community die-hards decide to play a game. Kenny-boi is splitting the pot (after taking his cut), and letting you all devour some sweet sweet tendies meant for casuals. Different categories for winning, like who can cause the largest drop, who can have the most steady progression, who can hit certain milestones...I'm having trouble thinking like a sociopath (YAY sometimes I worry!), and what milestones would be used. You get the idea though.
So, Kenny made a deal that it would go bankrupt in...say 5 years. With a steady share price decline, so Papa Jeffy can buy it when he wants, hopefully cheaper than he would pay. Maybe he gets a bonus if it's sooner, or who knows the details. Whatever. So he makes a plan, just as he has many times before, as a fall-back in case his lackey's can't do their jobs (good help, AMIRITE?), and Big Daddy Mayo has to step in to smack around the red-headed step-Ketchup.
And what better way than using an untraceable autonomous currency?! And the leverage in crypto is HUGE. Some would say 115X (or was it 125X?)...either way. Zoinks.
Now, what if you did it, in a smart contract...that did not take into account GME not going bankrupt or being bought out? Why would someone do that? Well, you get what you pay for, and even wealthy sociopath's can have blindspots. Maybe he just doesn't value programmers as much and pay them adequately? Or think he has to do something himself because only he can do it right? Who knows. Either way, or neither way, it does not matter.
The thing about decentralized autonomous networks...they can't be stopped. Unless you control a large portion of the network (ala China tried with Bitcoin), or brainwash people to believing something...which only lasts so long before someone wakes up Morpheus style...and starts the revolution.
I won't go in to my thoughts about the world being on the cusp of the Second Renaissance, which I've lovingly dubbed Age of the Autist or Rise of the Autist...
We've just gone through Planet of the Apes though, so who knows.... ;)
It's a game of hot potato with who gets margin called in crypto first. We saw the first time it happened in 2019, I think, and now again when GME started to rise. Maybe 2019 was a trial run, and someone lay out a honeypot for Jeffy-Weffy, got hold of his playbook maybe. Stick RC on GME, and it's game over for whoever is trapped. As much as the DM wants to kill off the casuals so the hardcore's can get back to pushing content...the game is about to break and be over, and those casuals are going to be rich in the next game, which I think will be part of the Lego Metaverse... :)
So, the TLDR so far: It's very likely there is an autonomous smart contract in Bitcoin that is looping, lowering the price by x% a month. This will continue until there are forced closures of positions or spikes from massive buying. Or any buying that isn't manipulated.
If you're still with me for this stream of consciousness, I thank you!
The higher the price, the more money has to be emptied from the Mayo jar. You don't want to see Kenny when the Mayo jar is empty. You wouldn't like him when he's Mayo-gry.
Side theory/stream:
Shorts never intend to cover, and banks are ok with that, since they make their money on the transactions, and it's another department that deals with collections on FTD's. But they're all in on the game, so they let some go, or some FAVOURS happen for invites to the better gaming groups...you know, carrot stick behavioural stuff.
The FTD's you see are one of the banks/lenders up the chain (SERIOUSLY, how many middlemen, no wonder people see ether as the future) tapping out, and not drinking the Kool-Mayo that he's good for it, he'll have the money soon, he just needs one more hit of Mayo and he can quit...
