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‘‡
123โค๏ธ6๐Ÿค™2๐Ÿซก1
๐–‹๐–Ž๐–†๐–™๐–‰๐–Š๐–“๐–Ž๐–Š๐–— (ยฏ`โ—•โ€ฟโ—•ยดยฏ) · 56w
There is no free lunch: Someone always pays.
Hobbit · 56w
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 · 56w
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 · 56w
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 · 46w
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 · 37w
True. Price reacts. The network just keeps working.
KowalskyMiner · 2w
Hey bitcoiners join us the MONEU coins miners Nobody prints MONEU. You mine it yourself. There will only ever be 30,000,000 MONEU. The whole mining schedule adds up to 29,999,815.97 coins, and not a single coin more can ever be mined. The reward starts at 77 coins per block and halves every 194,80...