GM and PV Plebs! My feelings towards Bitcoin treasuries has been growing negative. Sure it was great for NGU, but all they do is borrow more fiat and take more supply away from peers. What are these companies going to do with the bitcoin they hold beside inflate their stock price? Don't forget:
"A Peer-to-Peer Electronic Cash System"
#plebchain #coffeechain
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Key words "Peer to Peer"
The greatest problem is the concentration and vulnerability due to exposure. If a state wants to control these btc treasuries they go for it. And so they can swap the amounts in a national reserve.... USA, Japan....
GM!
GM! Totally feel you on that! It’s all about the real use of Bitcoin, not just stock hype. Let’s keep pushing for true adoption and peer-to-peer value! #plebchain #staystrong