I regret to inform you that shitcoins are still out their doing their thing.
I've been having email discussion with an American company about when they'll accept #BTC for payments after they announced they'd be adopting a BTC treasury. They then released this today:
I responded with this:
I received this in response and just can't bring myself to engage further. Anyone want to take a crack at it?
#asknostr #bitcoin
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IMO, they deserve to get rekt. It is the only way they will learn
If they are hedging the crypto, and the hedge is clean, then they are not holding them aka they are not exposed to short risk.
are they interested in staying in business longer than the shittokens they're holding? shittokens dont have a track record of sticking around and sadly some businesses have an even worse time horizon than that.
id tell them that even if they their idiotic goal was to pick and choose shittokens that (hopefully) outlast their business (at minimum) for their reserve, the smart move would still be to hold only bitcoin as everything falls against it.
if their goal was to not hold shittokens, then their resources for further research would be better spent understanding the differences between Bitcoin and everything else that came after it. evidently their resources are misplaced.
or, just drop a "you dumb? 🤨" and move on 🤣
Very tempting to go with the last suggestion
As a doggie coin supporter, this will get me to buy some of their product even though I don't even drink alcohol
They should add Monero too though
