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0 sats \ 3 replies \ @denlillaapan OP 12h \ parent \ on: Yes, Bitcoin Treasury Companies are Scams (Money Stuff, Matt Levine) econ
that's the idea, anyway. Gets tricky with perpetually rolling over debts, debts that convert, financing the liabilities when bitcoin doesn't goes up in a straight line etc etc.
It's hardly symmetrical... (much worse downside) and also, if you wanted 2x daily BTC/USD moves, there are products for that. Why is there a corporation in-between?!
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12 sats \ 2 replies \ @SwapMarket 8h
In some countries holding KYC bitcoin is illegal or unfavorable. But Nasdaq-listed foreign shares are available at every broker. If I want a quick exposure without telling the government that I'm into crypto, I can buy those shares.
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0 sats \ 1 reply \ @denlillaapan OP 6h
Oka, I hear that, but isn't living under such a government exactly the kind of situation where you want as much (non-KYCed) bitcoin as possible...?
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0 sats \ 0 replies \ @SwapMarket 5h
Yes and yes, I do. To pretend to be a law abiding citizen I own a bit of regular assets, file reports and pay some taxes. Living solely on bitcoin is tough and dangerous in such countries. But I pay cash upto the legal limit when dealing directly with people and tell them about Bitcoin.
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