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You can develop the entire thing before you buy Bitcoin for your LSP (or maybe a fedimint thing?) where you dev on mutinynet until you have something you can launch.
Any innovation in a privately owned product is always 3 sprints away from MVP (because if you can't do it in 3 sprints, you can't do it)
Yeah! Snapchat has network effect. If they were to use bitcoin it could be a major growth driver.
But the growth might be slow but that’s okay if bitcoin protects the balance sheet
Yeah but today’s winners could be tomorrow’s losers! Haha we never know who will win or lose in the long run.
True (though the inverse rarely happens).
And for Snapchat we could say that they were unfairly targeted by Meta: https://mashable.com/article/facebook-snapchat-data-project-ghostbusters-mark-zuckerberg
Yeah I have a bias/soft spot for Snapchat. Raising capital to grow the business didn’t workout so well.
Meta just copy pasted and killed the competition
You need to have a great product AND you need to be able to defend against the likes of Zuck and Elon. I think that Snapchat just got outcompeted. This happens and it's okay.
If I were Snap and I was sitting on a load of cash, then I'd invest in platform development or even M&A. Not park my cash in Bitcoin. Idle cash is dumb, no matter the denomination.
How when the appreciation over time can increase your R&D budget?
Can split the baby with the balance sheet!
Not burr they gave cash and cash like equivalents on their balance sheet now.
Not all treasury companies are doing it the MSTR, NAKA way. They could easily take some of their balance sheet and buy Bitcoin with it and integrate into their application