Bitcoin treasury companies are the new altcoins
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Devs that create literal altcoins in the form of ecash tokens don’t have the moral high ground to say this. Some (maybe even most) of these companies might end up being shitcoin companies that will play the fiat ponzi games, but bitcoin on the balance sheet of companies is literally the early stages of hyperbitcoinisation. Let’s all remember that many early adopters of Bitcoin also didn’t hold their own keys, until Mt. Gox taught them that lesson the hard way. There’s no reason to expect different behaviour from corporations at this point.
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I get your meaning.
However, they are more of the new Atlantic Computers plc.
(Then again, its more complicated than that.)
I did appreciate Stacy saying , "Buy Bitcoin, not he proxies" during her and Max's presentation at Bitcoin 2025 last week.