95% of their business was Bitcoin related. They will probably save money streamlining things. Might be purely an economic decision but regardless it is a positive move.
Should Bitcoiners give second chances to companies that shill shitcoins? I'm new and don't know the history of each one, so I do my research — and if I see a company was involved in promoting shitcoins, I stay away.
I think that is fair but I also appreciate a company recognizing their error. You have to remember these companies can be under immense pressure from their investors at times to expand to other cryptos that those investors may hold or have other ties to. For a young company it can be hard to say no to the people funding you. I think that is why it is so important for Bitcoin centric companies to seek out investment from Bitcoin centric investors rather than just taking money from anyone that will give it to you.
The problem isn’t the company itself, but the people who make it up. Without a change in leadership and policies, I don’t believe simply shifting direction is enough to redeem it. The issue is finding reliable information about those changes. I might come across as seeing things in a good vs. bad dichotomy, or as if I believe no one deserves redemption — that’s not what I mean to say. What I’m trying to express is that companies with a track record of promoting Bitcoin, who then pivot to promoting shitcoins, know exactly what they’re doing. When they try to go back, it doesn’t seem sincere enough to me.
I get it. They didn't go full shitcoiners. They added eth. Which never made sense to me. Either be bitcoin only or be full on shitcoiners. The fact that they took half measures makes me feel like they were pressured by investors to add eth but who knows.
Another bad news for ETH.
95% of their business was Bitcoin related. They will probably save money streamlining things. Might be purely an economic decision but regardless it is a positive move.
💯
what's ETH?
What’s better? Paying off a debt or buying bitcoin getting a loan pay of the debt then use future cash flows to pay off the loan to unlock your BTC?
I would prefer the latter but I guess that would depend on your situation and if you can stomach having your bitcoin as collateral.
Leverage!
Should Bitcoiners give second chances to companies that shill shitcoins? I'm new and don't know the history of each one, so I do my research — and if I see a company was involved in promoting shitcoins, I stay away.
I think that is fair but I also appreciate a company recognizing their error. You have to remember these companies can be under immense pressure from their investors at times to expand to other cryptos that those investors may hold or have other ties to. For a young company it can be hard to say no to the people funding you. I think that is why it is so important for Bitcoin centric companies to seek out investment from Bitcoin centric investors rather than just taking money from anyone that will give it to you.
The problem isn’t the company itself, but the people who make it up. Without a change in leadership and policies, I don’t believe simply shifting direction is enough to redeem it. The issue is finding reliable information about those changes. I might come across as seeing things in a good vs. bad dichotomy, or as if I believe no one deserves redemption — that’s not what I mean to say. What I’m trying to express is that companies with a track record of promoting Bitcoin, who then pivot to promoting shitcoins, know exactly what they’re doing. When they try to go back, it doesn’t seem sincere enough to me.
I get it. They didn't go full shitcoiners. They added eth. Which never made sense to me. Either be bitcoin only or be full on shitcoiners. The fact that they took half measures makes me feel like they were pressured by investors to add eth but who knows.
Any idea if this company is available in the US?
I think so.,
They are but not in my state. Sad face.
The question isn't "why discontinuing with ETH?",
but rather, "Why did they brought ETH?"
I belive they were "helping" somebody during 3AC - FTX saga. But I may be wrong.
They bought a crypto fund at one point. That’s when they started adding support for ETH.
Good point.
Bad news for Ethereum, Ledn should focus only on Bitcoin, no shitcoins.
Well, that opens them up for business from my perspective. Now, I'll at least give them a chance.
I refuse to do business with companies that validate alt-coins in any way, whatsoever.
I'm lookin' at you, Casa. (fucking cowards)
Stablecoins will still run on sh$tcoins though right?
Excellent. I don't do business with companies that deal with shipcoins
Also they have much better minimums than strike
But will you use it?
LEDN made the best decision!