Why are so many Bitcoiners skeptical about Bitcoin Treasury Companies 🤔
🤯 Hard to understand financial engineering
💹 Share shilling tied to BTC
Bitcoin OG nostr:npub1hxwmegqcfgevu4vsfjex0v3wgdyz8jtlgx8ndkh46t0lphtmtsnsuf40pf unpacks the core reasons and also explains Nakamoto PIPE unlock situation
Full 📺 in the comments 👇
https://blossom.primal.net/7d3d6a606857ad5827561189afd399f77d0942da53ec351fa9a5e520c23d1048.mp4
Because it is simply not necessary.
A strategy that will slow Bitcoin adoption is by using treasury companies to lock up a lot of the supply. (Along with a healthy dose of paper to suppress spot price). If P2P is taken away it is no longer a money for crisis.
I don't understand how Bitcoin OGs cannot see this outcome
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