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72 sats \ 5 replies \ @SimpleStacker 1 Jul \ parent \ on: Are Bitcoin Treasury Companies Ponzi Schemes? (Bitcoin Magazine, JB) econ
I wonder if these companies are gonna trigger the next bitcoin bear market
For my analogy to hold, they'll have to reach a combined market cap greater than bitcoin's.
But, yeah, if people decide that's stupid and trigger a sell off, then a whole lot of bitcoin will hit the market.
Or, more interestingly, the holders of the keys will skip town and set up island citadels in non-extradition locales.
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the holders of the keys will skip town and set up island citadels in non-extradition locales
Now there's a Tom Cruise movie worth my bitcoin to see
lets start a geyser and pitch it to Angel studios
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The implication of “not your keys, not your coins” is “your keys, your coins.”
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certainly none of these companies will have been so foolish as not to use multisig
.. or am i too generous?
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If we’re in a bubble, then someone will have done something far more foolish than you have yet imagined.
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