bitcoinlimit on Nostr: When you are the administration, this already guarantees that the existing balance ...
When you are the administration, this already guarantees that the existing balance won’t be sold. There are countless ways to enforce this quietly without issuing an EO. Telegraphing it with an executive order on Day 1 significantly moves up the market, which erodes your first-mover advantage. I don’t understand this playbook.
Published at
2025-01-17 17:16:28Event JSON
{
"id": "6b2cbbcfd6e2dc3aa39c869099067c70b2f8d924e75dacc73d590b96b6e6e844",
"pubkey": "55e343e6589073d312fcab30075e4b4681369b65459eff36a7e2fe4f880acd1b",
"created_at": 1737134188,
"kind": 1,
"tags": [
[
"e",
"aedd66256cefe78c5f98c4fcdb534967f2e82be639a0064ad6121a6147fd599a",
"wss://relay.primal.net",
"root"
],
[
"e",
"ab17e323d68764e842f87d9bb6b0d106198b42fb32400897513d789bcef51840",
"",
"reply"
],
[
"p",
"18eab96960746b2f6d71c85ef6d877ae00fd904e17a241d1f3f7409aa6ccc0f0"
]
],
"content": "When you are the administration, this already guarantees that the existing balance won’t be sold. There are countless ways to enforce this quietly without issuing an EO. Telegraphing it with an executive order on Day 1 significantly moves up the market, which erodes your first-mover advantage. I don’t understand this playbook.",
"sig": "29014d8fbec9dbb8dd5281755dc63d694897eb2ace61f594cf0779374dfe926edc606540ac83fa52bb5d12529e2c8e0b28499c9296753be212f3f4ac6a4d95d9"
}