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: image I responded with this: image I received this in response and just can't bring myself to engage further. Anyone want to take a crack at it? image #asknostr #bitcoin

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I just made a post on a related note. Not cool to see companies missing the mark: nevent1qvzqqqqqqypzp7sf0z5ql0p7vzt9emst00jpxmcy4nxqetlxtj6tp3wj8ss9nw4pqy88wumn8ghj7mn0wvhxcmmv9uq32amnwvaz7tmjv4kxz7fwv3sk6atn9e5k7tcqyq7yjuzu84l973r9wy7h24u299hyyl93uwa72vdpl73f592surw9v0yd7a3
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? ๐Ÿคจ" and move on ๐Ÿคฃ
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