Just a $BTC idea

I am just giving an opinion and a take I find interesting. I wonder if we could put a proposal for all $ATOM holders to take 1% of our inflation weather we are over the 67% bonded ratio or not, and even with future inflation proposals, and take said 1% and buy bitcoin to put in a treasury. I would like other people’s take on this. I fell it adds value by having a huge $BTC stack alone, why else would companies on Wall Street be doing this. No other currency in history has been added to company’s treasury/cash position besides bonds. I also know Polkadot is in consideration of doing something similar and adding bitcoin to there treasury. I bet having the first mover advantage of this would be a huge leap for $ATOM and bring lots of eyes to the cosmos. Bitcoin talks imo. And if the sec ever allows for proper marketing and better legislation we would have sats to sell to fund the ecosystem for future growth.

2 Likes

Bad idea. Makes no sense to dilute ATOM’s value to buy a different cryptocurrency. NWV if this ever came up. Polkadot had the same bad idea in their forum. We should be figuring out ways to buy more atom, not selling it. ICF already has millions in ETH and BTC. Let’s do the reverse and sell those to increase demand for OUR actual project.

2 Likes

Found that out today about the icf holding eth and BTC, it was it is, I really like the fact of ibc chains using the 20% revenue for buying $ATOM as a treasury holding. Unsure if they stake that $ATOM or just hold it in a vault wallet, But either way it makes less $ATOM out there on the market.

Most Cosmos chains have promoted themselves against ATOM in the last years from what I have seen. Criticizing and telling how far better they were (they were outperforming atom at the time and now they are underperforming :sweat_smile:). I doubt any of them never buy ATOM except Shade and Elys but it’s pretty recent.

Unfortunately I lost my X account , but I was keeping tweets from founders, Vals and devs dunking on ATOM all day long as engagement farming (Bera, Tia, Kuji, Terra.. even Stars or Archway lmao)