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57 sats \ 4 replies \ @Undisciplined 1 Jul \ parent \ on: Are Bitcoin Treasury Companies Ponzi Schemes? (Bitcoin Magazine, JB) econ
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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42 sats \ 3 replies \ @unschooled 1 Jul
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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22 sats \ 2 replies \ @Undisciplined 1 Jul
The implication of “not your keys, not your coins” is “your keys, your coins.”
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42 sats \ 1 reply \ @unschooled 1 Jul
certainly none of these companies will have been so foolish as not to use multisig .. or am i too generous?
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27 sats \ 0 replies \ @Undisciplined 1 Jul
If we’re in a bubble, then someone will have done something far more foolish than you have yet imagined.
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