Jeff Booth on nostr

Open in Damus

@Jeff Booth 1781437741

I find it ironic that the of return that underlies the treasury model business requires Bitcoin to be a currency and that their own businesses impair that outcome.
If they want to get away with the dangerous game they’re playing, I would suggest they start investing in the spend your bitcoin (not stablecoin) narrative and ecosystem very quickly.

5020❤️67🤙9❤️4👀3💯3🧡2

₿itcoin Makueni 🇰🇪 · 13w

🎯 PoW🤙🧡 https://blossom.primal.net/38d36f7e835c9470a1ba1d94a64bd3cffe3a59edc025b1bf5a0079b958e6921b.mp4

satoshi jr · 13w

I'm not smart enough to understand what you mean Don't treasury companies arbitrage the difference in rate of bitcoin growth and cost of borrowing? How does using bitcoin as currency change that?

Very true Jeffrey, the supply side acceptance of Bitcoin is missing.

Toby McMann · 13w

The treasury company model, at least in its current form -- loaded up with preferreds -- requires NGU, and by a lot. Are you saying that, for the price to increase a lot, we need bitcoin to be used for payments? The problem, I think, is medium of exchange will benefit from less volatility. But num...

Bitcoins value is the ability to monetarily exit the control system. Let’s build financial products so you don’t leave the control system, and Bitcoin is never used as money 💀

Lol, Jeff don’t give them ideas! 😂

Bitcoin Awareness · 13w

Yes, only using Bitcoin as money will they fullfil its purpose. By the way, Jeff, check this out: https://bitcoinawareness.substack.com/p/what-if-the-pyramids-were-a-monetary-system

freecritter · 13w

That why we wrote about Bitcoin Native Yield via Lightning framework. It’s the first step for most companies.

ACCOUNT_DELETED · 13w

Those Treasury companies could - to some extent - play the central bank game in the Bitcoin world by dumping a high number of BTC to the market and make the price in Fiat drop short term, then buy cheaper than they sold. (Similar to what we saw just these days, with ridiculous 32 BTC on June 1st.)

The Nazi Society · 13w

Isn't that return just hijacking the "return" that would otherwise be there if everyone self custodied? I mean if all these ETF's and treasury companies didn't exist and the only way to get btc was actually owning it wouldn't that force all these entities into the only method available?

Marko | HODL & Hide · 13w

Sydney Bright · 13w

Agreed, I think all of us should be spending more our energy towards using Bitcoin as a medium of exchange.

₿ennett · 13w

I think this is the root of it all that others haven’t been able to nail down

Felipe Fenton · 13w

Pixel Survivor · 13w

The friction to spend is still too high for the average user. If they truly believed in the currency thesis, they would build rails instead of just accumulating piles.

I finally bought a sandwich with bitcoin at a square pos and it was awesome and easy. The hardest part was building the confidence to ask for it. It should just pop up without anyone having to mention Bitcoin.

You folks investing in the spend your BTC narrative over at Ego Death?

it's like opening one of those jurassic parks

gsovereignty · 13w

They are all regulated by the State anyway, which means they forfeit Bitcoin's entire value proposition of being money that the State can't control. Bring regulated by the State also makes them a branch of the very State that Bitcoin defunds. The State will weaponize these companies in their fight...

RayMears1977 #bitcoin · 12w

Jeff. I just completed a podcast with Matt Crosby from bitcoin magazine pro. We discussed the https://www.sovereigntysummit.nz/ coming up next year. Would you consider coming on my podcast and discussing it?. https://blossom.primal.net/6721b490548a078fa3f3744b453e53615aa6b135fba3558eda9bca5ec30...

Tom Karadza · 12w

Hmmm. Interesting. Hadn’t thought of it quite like that.

The elder millennial · 11w

Stable coins are just basically central bank digital currency

₿itcain · 11w

Does it require Bitcoin to be a currency or capital? In my opinion capital = currency + store of value

Doesn’t Gresham’s law dictate that Bitcoin will always be hoarded as long as it’s the superior money?