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Pro to Technology@lemmy.worldEnglish • 19 days ago

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

www.dlnews.com

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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

www.dlnews.com

Pro to Technology@lemmy.worldEnglish • 19 days ago
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Meta’s Bitcoin treasury play flops as 99% of shareholders say no
www.dlnews.com
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Meta shareholders rejected the Bitcoin plan with less than 1% in favour. The proposal called Bitcoin a hedge against inflation and weak bonds. GameStop and Metaplanet are among firms copying Saylor’s Bitcoin play.
  • @LandedGentry@lemmy.zip
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    • @Knock_Knock_Lemmy_In@lemmy.world
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      17 days ago

      The analogy doesn’t stretch to allowing fiat to be compared to public transport.

      A medium that is decimated when Trump shouts “Tariff” is not a gold standard.

      Fiat is only the gold standard when it is backed by actual gold.

      • @LandedGentry@lemmy.zip
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        • @Knock_Knock_Lemmy_In@lemmy.world
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          -1•17 days ago

          Dude, you brought the slop.

          Saying PoS is supporting PoW is like saying EVs support ICEs.

          Would you like another go at explaining how your half baked public transport analogy fits into this?

          • @LandedGentry@lemmy.zip
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            • @Knock_Knock_Lemmy_In@lemmy.world
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              17 days ago

              You said “we need more public transport”. How does that statement map to Bitcoin?

              • @LandedGentry@lemmy.zip
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                • @Knock_Knock_Lemmy_In@lemmy.world
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                  17 days ago

                  What is the matching side of your analogy expansion?

                  ICE is to PoW

                  As

                  EVs is to PoS

                  As

                  Public transport is to ???

                  • @LandedGentry@lemmy.zip
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