Comment on Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure

• JcbAzPx@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  BTC is still less stable. It will need to stop being a pump and dump cycle target before it could claim a true future.

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  • finitebanjo@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    With a Market Cap of 2 Trillion it’s pretty difficult to impact the purchase price as an individual or group. Even a small nation would struggle with it.

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    • Doom@ttrpg.network ⁨3⁩ ⁨weeks⁩ ago

      You’d think that but as Bitcoin becomes tied to more and more those things become part of what holds up Bitcoin.

      Bird flu won’t affect Bitcoin valuation but could affect most fiat currency, but that’s only because of the system now. If Bitcoin became more prominent wouldn’t it be bound to thing more?

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      • finitebanjo@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

        So you’re saying there is a group out there pumping and dumping hundreds of billions equivalence to USD?

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• UnderpantsWeevil@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

  I think the latter has a better future at the moment.

  Crypto ‘godfather’ of Bel-Air: Probe widens into L.A. deputies’ alleged links to mogul

  • Federal authorities accuse Adam Iza, a cryptocurrency entrepreneur, of financial conspiracies and extortion.
  • Prosecutors allege Iza used L.A. County sheriff’s deputies to carry out his criminal bidding.
  • Iza has pleaded not guilty. A judge ordered him jailed despite claims that he needs medical care after a cosmetic leg-lengthening procedure.

  If you want a deeper dive, check out the TrueAnon episode series Zort a three-parts-and-counting plunge into the seedy underbelly of Cryptocoin scams, extortion, leg-lengthening surgery, LASD rampant corruption, and age-gap discourse.

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  • finitebanjo@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Oh no! Lmao. You’ve really only demonstrated that you don’t understand what Bitcoin is, that you think Iza owns and operates it.

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    • Honytawk@feddit.nl ⁨3⁩ ⁨weeks⁩ ago

      Don’t need to be the owner to grift.

      web3isgoinggreat.com

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      • finitebanjo@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

        And thats specific to any one form of currency because…?

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