Good day Stackers
Following on from some of @denlillaapan 's
posts about the mighty Saylor and his debt instruments.
#1286439
- This pod was released today by Daniel Prince, author or host of Once bitten
- This is great for anyone who is new to Bitcoin or knows real Bitcoin but doesn’t get the whole treasury company narrative
The blurb is:
Are BTC treasury companies pure speculation, and is your Bitcoin safe if in a loan product?
The guest on the pod is Simon, who goes by shortfiat on Nostr, and both of them may be on here too.
shortfiat@team.fanfares
Firstly this isn’t a fanboy recommendation of any treasury company, if anything this is a brutally honest review of what the entire space are doing
What stands out is that, this is a classic Wall St boys club, the VCs round up the names of the selected few who will recieve preferential advance ability to invest at a discounted rate, compared to the lowly retail schmucks, who will pay a premium to play the same game.
CEOs of companies on stock exchanges, are the ones making the money, selling shares at a premium, to buy more Bitcoin and so, on it goes
Simon advocates for the retail investors to buy real Bitcoin and learn about self custody because unfortunately there is only a certain amount of time until this game may suddenly stop, which den has been warning ⚠️ about
I really liked this pod, as it explains the reality of what's happening
We can watch from the sidelines with sats in cold storage and enjoy the fireworks when they eventually start.