I miss when Bitcoin was about changing the world. I understand the speculative attack is part of adoption/moving from fiat to a bitcoinized world. But most of these bitcoin treasury companies are doing financial engineering instead of providing actual value to the world (no, I don’t think financial engineering is value creation). Bitcoin incentivizes work and value creation. Fiat distorts value and rewards those closest to the money printer. These treasury companies are close to the money printer. Taking free money and turning it into value without actually doing any work.

Does anyone actually feel good about themselves working for a bitcoin treasury company? It feels…ick to me. There are better ways to advance Bitcoin and Bitcoin education without jumping on the treasury bandwagon.