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98 sats \ 5 replies \ @Cje95 19 Feb \ parent \ on: MicroStrategy has cut 20% of its workforce as its bitcoin buying multiplies Stacker_Stocks
Honestly it would be a company entirely based off of its BTC held. Companies dont have to give back to society and I mean I guess they could further the BTC idea but given the wild amount they hold that would be the value. If you think the value is going up you would by them and down sell them just like BTC but a company.
Anyone who is non-coercively wealthy gives back to society, otherwise they wouldn't be wealthy. Non-coercive wealth can only come from providing value.
In this case the gift to society would be an accelerated BTC/fiat price discovery, meaning the BTCUSD price being closer to its real value of ∞.
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Yeah we have that now it’s called Warren Buffet and his $300B balance sheet while workers in his company get paid crap wages.
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Look Buffet doesnt make the crazy multipliers that other CEOs do. He has become as successful and has saved countless companies because of his cash balance. It is clear as day he thinks there is either a company or an industry that could have some issues soon and guess what. He will buy a stake in them they wont lay off all there people and the company will rebound.
The guy has done this time and time again. Look at Apple and Oxy oh and Bank of America.
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Buffet himself is a net negative on an economy in my humble opinion. He has this massive hoard of cash and most of his employees can afford to buy a house or afford healthcare and end up getting on government assistance.
Most of his companies he owns don’t innovate or bring revolutionary products to the market that changes mankind forever. He was super late on apple and he hates bitcoin that alone should tell you he’s not the smartest guy everyone makes him out to be. Besides didn’t most of his wealth come from buying coke which half of the world is addicted to and causes massive health issues.
GEICO a company he owns was laying off people because margins got tight. Instead of using his capital to develop humans to maybe do something else of value within his umbrella of companies he just laid them off.
I know free a lot “free market” guys thinks Buffet “earned” that $300B on his balance sheet and is a master allocator of capital I think differently. Hoarding all that cash and not trying to improve the lives of your employees is what wrong with corporate culture today.
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I recently switched to GEICO auto insurance because it is much cheaper than Allstate
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