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55 sats \ 1 reply \ @SimpleStacker 24 Aug \ on: Sunday Survey: Are the Bitcoin treasury companies good for Bitcoin? bitcoin
As they currently exist, I think they are bad for bitcoin and only exist because of regulatory arbitrage and fiat chasing gains.
In a more stable bitcoinized world there wouldn't be bitcoin treasury companies as they currently exist. Instead, we will have bitcoin banks that fill some of the roles of traditional banks
I agree, but I cannot envisage how "bitcoin banks" would function. Traditional banking is useful for the economy because they increase velocity of money with fractional reserving. You cannot do that with bitcoin without creating a fake paper bitcoin. Giving USDT loans with Bitcoin collateral is not bitcoin banking - that is a traditional one.
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