Thread
interesting nostr pattern: publicly traded btc treasury companies get way more hate here than on twitter. i get the laser eyes vibes since im one of them but still why the hate for public entities actually helping pump your bags at the very least? every company public or private should have a btc treasury to protect against currency debasement like any individual would. why the hate?
Replies (6)
Treasury companies are a possible reason why op return was increased.
Decreasing fees because of treasury companies, could mean miners are getting desperate and want to mine spam instead.
Decreases miner incentives
Nobody really cares either way. All fake engagement.
I think a lot of the hate is the fact that many if not all but a few a zombie companies. They have no real revenue/sustainable business model. They solely are looking to profit off of their share price pumping. Obviously Strategy is in another category considering their size and truly unique/innovative ways to acquire more bitcoin. But overall many here see it like it is, just another way to deceive people out of buying pure bitcoin and putting it in cold storage.
if a company has positive cashflow or can borrow way cheaper than most individuals and decides to buy bitcoin with it, there’s nothing wrong with that. i respect those founders and consider team team bitcoin.
Everyone should be saving in BTC. My criticism of Strategy hasn't really been for Strategy; but for the sycophants who seem to pretend they don't know a good pyramid/ponzi scheme when they see one. A year ago there was a lot of "infinite money glitch" hype. You don't really see that anymore - for reasons that I think are obvious.
I’m guessing it’s a concern over circulation. Hodling at the corporate level feels like it carries a risk counter to the principle of peer2peer payments
