a pseudonymous dev launched a solana token project that endlessly mints tokens to sell to retail for bitcoin, his stated goal is to accumulate as much bitcoin as possible, he issues tokens without a set schedule, he can effectively choose at will when to print more tokens and sell them, each token represents equity in the company holding bitcoin, but token holders have little to no governance rights

recently, he created a staking ecosystem with four yield bearing derivative tokens funded by sales of the main token, if you stake them for a month, he pays you usdc

many bitcoiners would call that a scam, but if you slap a suit on the dev, and list the tokens on the nasdaq, its the “most important bitcoin company”