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
Meta’s Bitcoin treasury play flops as 99% of shareholders say no
Why would they in the first place? It would be like a newspaper buying gold. If investors want to buy bitcoin they can just do that.
If i understood it correctly, meta wants to slap its own crypto-currency on everything.
That was called Libre
Buying BTC doesn't help them do that.
I had an acquaintance ask me about my opinion on crypto a few years ago and I explained it only has the perceived value and is highly volatile as a result, and that all but a few coins were basically rug pulls waiting to happen. He was satisfied with that and moved on. About a year later crypto had roughly doubled in value and he gave me shit about bad advice (it was an opinion not investment advice) and proceeded to move $10k into some coin I'd never heard of. About a month later a mutual friend said the other guy had lost like $8k of his $10k investment. Next time I saw the acquaintance there was no mention of crypto.
Yeah, it's like those people who fall for ads where people get rich going to the casino.
i notice that is usually conservatives that buys into the scam, and the ones that peddle it too.
(it was an opinion not investment advice)
If you did give them advice, would it be different?
some coin I'd never heard of
The problem is this person was looking at the market as a whole and then investing in some niche coin. At this point any coin that's not well-established is mostly likely pure grift.
Fundamentally, no. That's just what it's become.
I agree and in fact I feel the same with AI.
Fundamental cryptocurrency is fascinating. It is mathematically sound, just like cryptography in general (computational complexity, one way functions, etc) and it had the theoretical potential to change existing political and economical structures. Unfortunately (arguably) the very foundation it is based on, namely mining for greed, brought a different community who inexorably modified not the technology itself but its usages. What was initially a potential infrastructure for exchange of value became a way to speculate, buy and sell goods and services banned, ransomware, scam payments, etc).
AI also is fascinating as a research fields. It asks deep question with complex answers. Research for centuries about it lead to not just interesting philosophical questions, like what it's like to be think, to be human, and mathematics used in all walks of life, like in logistics for your parcel to get delivered this morning. Yet... gradually the field, or at least its commercialization, got captured by venture capitalists, entrepreneurs, regulators, who main interest was greed. This in turn changed what was until then open to something closed, something small to something required gigantic infrastructure capturing resources hitherto used for farming, polluting due to lack of proper permit for temporary electricity sources, etc. The pinnacle right now being regulation to ban regulation on AI in the US.
So... yes, technology itself can be fascinating, useful, even important and yet how we collectively, as a society, decide to use it remains what matters, the actual impact of an idea rather than its idealization.
Idk. I've been reading about Bitcoin since the very beginning and while I don't think it's necessarily a "scam" the whole project was based on a flawed hyper-libertarian economic theory that inflationary currency is inherently evil and that the ideal currency has a fixed quantity, requires effort to produce, and becomes rarer over time. From that standpoint, I feel like Bitcoin has failed in its original mission. You simply cannot use it as a day to day currency and everyone is just using it to gamble essentially. I do agree that if crypto had been an outright scam from the beginning, Satoshi would have rugpulled already, though.
In what way is Bitcoin not fundamentally a scam? There are multiple interpretations of "Bitcoin is a scam" you can take, and honestly with most of them I think it's been true the whole time.
Edit: I think some folks are parsing my sentence incorrectly, and I can't blame them. I didn't do a great job communicating. When I said "in what way is it not a scam" I didn't mean to make it sound like an exclamation like "how can you not think it's a scam!?", I am saying, "which specific way of people referring to it as a scam do you believe is wrong?"
It's not, but there are plenty of crypto scams. It's not an investment and it's also not a particularly good store of value, but it is decent for P2P transactions, with some coins also providing privacy.
If that's not your use case, don't buy cryptocurrencues. Most people shouldn't buy them until more places accept them for payment.
Most people shouldn't buy them until more places accept them for payment.
It's not going to happen. You can't price things when the value of the currency changes every 10 minutes.
I like GNU Taler, and I would like there to exist not just such a payment system, but also an electronic currency system without blockchains (global synchronization is a pain), unfortunately currencies are not like most applications.
I also wrote two smartass paragraphs completely wrong after this, and now thinking about it - Taler is as good a solution as possible. It's basically what can be done. You can't decentralize an issuer or a bank, except for the BTC way. If you can, then you can't plug it in seamlessly , you need some synchronization (would be a shame if a failed transaction made it into Taler as passed).
If I understand that correctly.
Gosh. It's year 2025, I've achieved nothing. I was blabbering on these subjects in year 2011! I'll be 29 in less than a month. But so cool that someone is making the humanity better.
My portfolio disagrees.
Y'all should have bought BTC when the price was hovering around $19K about 3 years ago. I told you the price was going to go up, but no one listened. Now it's at $105K, I'm $60k richer, and y'all are still whining and complaining that it's a "scam".
Hate to break it to you, but bitcoin isn't to crash and burn anytime soon. It's still early; buy in now or regret it for the rest of your life.
Monero is the only good crypto
No, but one of the good ones
Same way fiat is.
Édit: damn, and I thought bitcoiners were obnoxious You guys take the cake with so much copium.
If only there were some other major currency, maybe controlled by some larger union of countries so that one country's poor decisions can't tank it
Greece has entered the chat
Seriously, I do not have faith in USD anymore. What's left of my paycheck after bills all goes to BTC, and I sell what I need on demand to cover day to day costs. Been doing this since 2019 and it has paid off handsomely.
I bet Zuck is regretting not going forward with their crypto scheme
They also tried to create their own shitcoin back in the day: https://www.ft.com/content/a88fb591-72d5-4b6b-bb5d-223adfb893f3
ok, so the link was working the first time, but now it has a paywall...I'll post the thing below:
I due not want my corporation holding Bitcoin, if I want exposure I'll buy Bitcoin directly. They should be holding a bit of debt optimally.
TBH if the choices are USD or BTC then I think the latter has a better future at the moment.
BTC is still less stable. It will need to stop being a pump and dump cycle target before it could claim a true future.
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
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.
Funny to hear from the company that went all in to the point it renamed itself. The metaverse failure seems to have a big impact
The metaverse is for creating, not really for visiting. If you are an artist, creating worlds in 3d in VR might be interesting to you. I wouldnt look at it as a way to make money, more of a hobby tool.
Meta: Fuck it, we ball. (commits PR to add Bitcoin)
The Cult of the Torment Nexus knows a scam when it sees one.
Who was the 1%?
Who even made the proposal?
Just like MS' shareholders did. Most of these big companies don't need to at the moment given how successful they are under the current system but eventually they will.
There is no logical reason not to hold BTC on your balance sheet over short duration US treasuries. One is an appreciating asset that has been growing at 50-60% per year since inception, while the other can't even keep up with inflation. And Trump has made it patently clear only four months in office that the US and the entire dollar system can't be trusted anymore. Hence more and more foreign countries and entities moving their capital out of US stocks/bonds and into gold, international equities, bitcoin, etc.
Why not Dogecoin?
That was so funny I forgot to laugh.
yeah people don't understand DOGE might be the best investment known to mankind
Lmao
You can say the same about any technology advancement. The fire, wheel, black powder, electricity, radio, tv, internet, crypto, AI, etc. The problem doesn't reside in the technology but in the people exploiting it for evil intentions.
I would like to be shot out of a cannon with poop
Do the shareholders not realize how much easier it is to bribe the president with crypto?
I don't think people who give or take bribes usually like having a permanent history of the transaction.
Which is why they take the bribe in monero
Big incentive to keep trump in power if your bribery of him is public record. Someone else might do something about it
https://cointelegraph.com/explained/what-is-a-cryptocurrency-mixer-and-how-does-it-work
Why would they care? Perfectly legal in the US. And consumers/citizens obviously don't care either.
Bribery isn’t illegal, theres no need to be coy and secretive about it.