Who’s Building for Bitcoin — and Who’s Just Cashing Out? \ stacker news ~bitcoin

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Who’s Building for Bitcoin — and Who’s Just Cashing Out?

1197 sats \ 7 comments \ @Atreus 23h bitcoin

Let's take a moment to talk about Bitcoin companies... Who are the real ones right now?

I know there's plenty of companies there. And plenty more selling out. So who should we avoid?

But don’t just slander a pleb when you tell me — tell me why I should avoid them! Are they chasing fiat-style VC hype? Shilling themselves out to Wall Street?

And just as important — who should we be proud to work with? Do they remember the ethos? Do they live it?

I know this is at least partially subjective. That’s fine. I genuinely want your Stacker opinions — what’s the state of the space this year?

All I'm hearing is shrieks of—

We're being co-opted!

Probably true. But I bet the first people to use the wheel were also annoyed at being co-opted in their day.

Regardless, this post serves a very practical purpose.I’m actively looking for Bitcoin companies worth assisting, and I don’t want to waste my time with…

Well. You know 🤷

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154 sats \ 1 reply \ @aljaz 20h

"Bitcoin company" suffers from no true scotsman problem.

Theres no two people who would fully agree on whats the definition of it.

If you truly think about it anything incorporated in any jurisdiction is not a bitcoin company but a fiat company working in bitcoin space at best.

Until you are ruled by the rules of fiat world (regulation, jurisdictions, permission to wipe you ass) can you really be a bitcoin company?

then again you can look at this differently (as i'm starting to). We are in war for freedom so the only "purity" test worth smelling is "is the output of this endeavor moving us a step closer or a step further from freedom". Sadly that is fairly hard rule to have when judging from the outside but its fairly easy as a personal creed.

So in the end taking VC money, creating a new public company, grants from HRF and OpenSats, nothing really matters. Do it all, suck every last bit of funding you can from anyone that is willing to part with any money out there. Just direct it to a good cause. And it doesn't mean that you need to fall on your sword and just work on random freedom tech stuff that will never see the light of day. No, actually building successful businesses and enabling other businesses to succeed is the best way to make a difference.

If you look at cypherpunks of the 90s lots of them were independently wealthy, working for big corps, sipping margaritas after dotcom boom etc. The point being that achieving some level of comfort and creating a profitable business is the actual fuck you move. Not checking out life and living in squats that are falling apart.

Bitcoin is the promised savior, but we will actual need to build that better world, and what better way than to collectively drain every bit of energy and resources available and direct it towards that future.

0 sats \ 0 replies \ @DarthCoin 20h

21 sats \ 0 replies \ @DarthCoin 22h

First you need to define the term "bitcoin companies". Just because they use thr word " bitcoin" in their name or activity it doesn't mean that are bitcoin companies.

21 sats \ 2 replies \ @standard_sats 22h

We are here and we are closing some of our products.

0 sats \ 1 reply \ @DarthCoin 19h

so finally Valet will became a true Bitcoin only app? Or are you continue the path with tether and liquid crap?

0 sats \ 0 replies \ @standard_sats 11h

You are welcome to support this vision either as a donor or investor.

0 sats \ 0 replies \ @metadavid 15h

My impression has been that Bitcoiners don't like people building on Bitcoin. Bitcoin is durable, digital, decentralized, and scarce digital money.

I've been a Bitcoiner since 2017, but I don't have any strong opinions against building on Bitcoin, whether it is L2s, Ordinals, etc.

Anyway, just my friendly 2 cents and observations. :)