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0 pointstrident10005y ago0 comments

Sounds a little dramatic (especially since 50 million isnt moving the price single handedly). Also stock buybacks are essentially the same thing (if you were to call it a conflict of interest) and almost every company in existence does that.

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SQueeeeeL5y ago

You just talked about Twitter buying BTC as important news showing it's viability though... It's mostly a popularity/buzz game.

Also yeah, stock buybacks were illegal up until 1982 and since there legalization we've seen large trades in companies from R&D spending towards buyback spending...

trident1000OP5y ago

I mentioned several noteworthy people and institutions making an investment to demonstrate a trend. "its mostly a popularity/buzz game" yeah thats how value networks work. From gold to cash to facebook.

SQueeeeeL5y ago

Yeah, I don't think we're in disagreement. Buying a commodity personally, and then using an institution under your control to buy that commodity and create publicity/network effects is just great business (for personal enrichment). It probably isn't even illegal!

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SQueeeeeL5y ago

You just talked about Twitter buying BTC as important news showing it's viability though... It's mostly a popularity/buzz game.

Also yeah, stock buybacks were illegal up until 1982 and since there legalization we've seen large trades in companies from R&D spending towards buyback spending...

trident1000OP5y ago

SQueeeeeL5y ago

j / k navigate · click thread line to collapse