Without researching it thoroughly I don't see companies then valuing money in the way companies today value money. Apple has greater cash reserves today than M1 in 1959.
The vibe was more that if you produce a sufficient quantity of a quality product the money will take care of itself. Now we bend the product in service of the money, planned obsolescence.
They must have had assets and loans, we know they did. But your bank matters a lot more if a giant pile of cash and investments are a big part of your balance sheet relative to value produced by business activities.
Bitcoin Companies have literally made a public declaration that their money matters. Bitcoin matters for sure, but what about their product?
That's why I view Bitcoin treasury companies similar to AI layoffs. It is a financialization. It makes me question the long term ability to service customers better than your competitors who focus on the product or service.
Bill Cypher
npub1qy…dmu7u
2026-05-22 13:13:01 UTC
in reply to nevent1q…aqsw
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npub1qyxlpj2gl6dt2nfvkl4yyrl6pr2hjkycrdh2dr5r42n7ktwn7pdqrdmu7uPublished at
2026-05-22 13:13:01 UTCEvent JSON
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