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10 sats \ 0 replies \ @BITC0IN 14h \ on: More STONKS! (Silver Bulletin, Nate Silver) econ
stonks are shitcoins. Bitcoin is better
they're 100% shitcoins.
company c suites constantly print stock to pay for expenses and salaries, diluting share holders. there is no cap on issuing more shares, they can do this at will.
you as a stock hodler can't verify the number of outstanding shares and have to trust a third party and/or regulators for this information.
To be fair, stonks are shitcoins.
Doesn't matter if you have a Bitcoin treasury that can't be verified by stonk holders or even the C suite who uses a third party custodian who doesn't provide proof of reserves.
Bitcoiners should buy and hold the real thing, not these paper IOU stonks.
some people are truly trapped in their lived situations, a kind of hell. they end up taking it out on others in their surroundings. crabs in a bucket.
the issue is that r/bitcoin has had a long history of being brigaded by bcash shitcoiners who post exactly what you typed out. mods there are way more vigilant then they probably need be now.
often articles like this are social signaling from the top of the pyramid. it's interesting to see concern about hedge funds being too big to fail now, given the scale of their assets under management. probably a warranted concern.
the concern about America being unable to cope with any blow up though is unwarranted. they have shown time and again every willingness to paper over any blow up, and will continue to do so.
inflation will pay for it.
this reminds me of paper wallet generator websites that were often compromised. no one should seriously use this for their seed generation.
fun for learning though (look at the code)