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40 sats \ 3 replies \ @LibertasBR 2 Jun \ on: Ledn to return to Bitcoin only bitcoin
Should Bitcoiners give second chances to companies that shill shitcoins? I'm new and don't know the history of each one, so I do my research — and if I see a company was involved in promoting shitcoins, I stay away.
I think that is fair but I also appreciate a company recognizing their error. You have to remember these companies can be under immense pressure from their investors at times to expand to other cryptos that those investors may hold or have other ties to. For a young company it can be hard to say no to the people funding you. I think that is why it is so important for Bitcoin centric companies to seek out investment from Bitcoin centric investors rather than just taking money from anyone that will give it to you.
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The problem isn’t the company itself, but the people who make it up. Without a change in leadership and policies, I don’t believe simply shifting direction is enough to redeem it. The issue is finding reliable information about those changes. I might come across as seeing things in a good vs. bad dichotomy, or as if I believe no one deserves redemption — that’s not what I mean to say. What I’m trying to express is that companies with a track record of promoting Bitcoin, who then pivot to promoting shitcoins, know exactly what they’re doing. When they try to go back, it doesn’t seem sincere enough to me.
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I get it. They didn't go full shitcoiners. They added eth. Which never made sense to me. Either be bitcoin only or be full on shitcoiners. The fact that they took half measures makes me feel like they were pressured by investors to add eth but who knows.
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