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93 sats \ 5 replies \ @BITC0IN 10 Jun \ parent \ on: FT Talks Shit About Metaplanet (David Keohane and Philip Stafford) econ
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.
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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Which is why Bitcoin is the greatest savings technology ever created by mankind! You aren’t at the mercy of some corporation diluting your shares for whatever reason they see Fit. We finally have something we can truly set it and forget it!
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