Toby McMann on Nostr: The treasury company model, at least in its current form -- loaded up with preferreds ...

The treasury company model, at least in its current form -- loaded up with preferreds -- requires NGU, and by a lot.

Are you saying that, for the price to increase a lot, we need bitcoin to be used for payments?

The problem, I think, is medium of exchange will benefit from less volatility. But number go up (a lot) needs volatility.

So, do the treasury companies really want to push a medium of exchange narrative? I dont think so? 🤔