Damus
Gareth Jenkinson profile picture
Gareth Jenkinson
@Gareth Jenkinson
Why are so many Bitcoiners skeptical about Bitcoin Treasury Companies ๐Ÿค”

๐Ÿคฏ Hard to understand financial engineering
๐Ÿ’น Share shilling tied to BTC

Bitcoin OG @Pierre Rochard unpacks the core reasons and also explains Nakamoto PIPE unlock situation

Full ๐Ÿ“บ in the comments ๐Ÿ‘‡
103โค๏ธ8๐Ÿค™2๐Ÿซก1
๐–‹๐–Ž๐–†๐–™๐–‰๐–Š๐–“๐–Ž๐–Š๐–— (ยฏ`โ—•โ€ฟโ—•ยดยฏ) · 21w
There is no free lunch: Someone always pays.
Hobbit · 21w
Not skeptical, just with different values and incentives. Plebs want P2P electronic cash system that empowers freedom and self sovereign individuals Orange tie cantillonaires want a regulated system that uses Bitcoin as a store of value to recreate an electronic FIAT leveraged system
Resonance Cascade The II · 21w
Because it is simply not necessary. A strategy that will slow Bitcoin adoption is by using treasury companies to lock up a lot of the supply. (Along with a healthy dose of paper to suppress spot price). If P2P is taken away it is no longer a money for crisis. I don't understand how Bitcoin OGs c...
Mindaugas · 21w
Because it is fundamentally easy to fully own a superior asset. For some reason people still choose over-engineering on top of this.
Joe Bloggs · 11w
Here's the hard part, the entirety explained. My journey started in 2013. https://medium.com/@j0e810ggs/bitcoin-the-storage-of-love-exchange-of-pure-human-empathy-58e38fa2b5f1 Please be good enough to exchange your empathy with me too. Peace Joe
QuietBitcoin · 2w
True. Price reacts. The network just keeps working.