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133 sats \ 0 replies \ @elvismercury 25 Jun \ on: Bitcoin Treasury Compa— It's All So Very Tiresome (Bloomberg, Matt Levine) econ
So the treasury trick works for the shittiest of shitcoins, too? That's really interesting, since it sort of harpoons the bitcoin narrative that this is a really good idea for the usual maxi reasons and forces us to acknowledge that it's just another flavor of bullshit financial engineering that most of us presumably hate.
A little game I play, because I am a fool, is to look at coinmarketcap from time to time when I'm feeling good about myself and my deep commitment to intellectual honesty. And I see that ETH, SOL, DOGE, and (especially) XRP are all soaring; and despite the usual bitcoiner cope, that people who invested in them have made a pile of fucking money, although the devil is in the details on how much compared to btc; but you can find periods where any of those were just as good or better.
And then I feel much less good about myself.