Bryan Stacks ₿🧡 retweetou

You are contorting words and definitions to rationalize your own economic incentive, falsely suggesting there is not objectivity (merely different frames) and you have a misunderstanding about volatility. Bitcoin is volatile because it is in the process of being adopted as a new form of money. Every new adopter is pricing bitcoin for the first time, with limited information. The volatility you are trying to engineer around is circular in its logic.
The only path to stability is through mass adoption, which necessitates volatility (new adopters pricing it for the first time). Bitcoin will not be volatile when incremental adoption can only represent a fraction rather than a multiple or order of magnitude.
Rather than helping people understand bitcoin, your solution is to get them into a bitcoin derivative product that you're selling as not volatile but it will be in any event of market stress, maybe less so than bitcoin but still volatile because it is expressly and inextricably linked to bitcoin and bitcoin adoption. When the bitcoin price goes down significantly, there will always be an incentive to sell your preferred and buy bitcoin because the market interest rate of bitcoin has reset higher when it declines.
And related to that is why there's no real long term holder basis for the preferreds (it's a temporary holding pen for everyone) but it does create a permanent capital base for your corporation, if you can sell it.
Rather than help people understand bitcoin and manage volatility very logically with an allocation to bitcoin that mutes its volatility, you want people to buy your corporation's stock. And the piece about bitcoin payments is a misnomer. It's a spend vs. save dilemma and spending bitcoin is downstream from someone first coming to understand why bitcoin stores value.
But you do not have an incentive in that because you're just trying to justify people buying your corporate stock rather than bitcoin. I'd encourage you to be introspective and to read this piece on volatility to reconsider your rationalization.
nakamotoinstitute.org/library/gradua…
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