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16 sats \ 8 replies \ @BITC0IN 10 Jun \ on: FT Talks Shit About Metaplanet (David Keohane and Philip Stafford) econ
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.
Stocks aren’t shitcoins. They are companies trying to raise capital to provide goods and services to the people . Dont let Wall Street and financial engineering confuse you. Stacker news wouldn’t exist if someone didn’t fund K00b to work on it.
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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.
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Then companies that do that you can sell your shares. Companies that don’t you can buy their shares problem solved!
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That’s the risk you take. No risk no reward. If companies are issuing more shares it could be for a variety of reasons. It’s not my fault that shitcoiners have broken your brain so much you can understand how a legitimate business runs.
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"stonkholders" is a wonderful term. I STEAL!
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