{"type":"rich","version":"1.0","author_name":"Toby McMann (npub1el…fxw9h)","author_url":"https://nostr.ae/npub1elqfutrcl6w42ekxcru9el2r8h0qe90vgz6yuy4panusplph8t7srfxw9h","provider_name":"njump","provider_url":"https://nostr.ae","html":"The treasury company model, at least in its current form -- loaded up with preferreds -- requires NGU, and by a lot.\n\nAre you saying that, for the price to increase a lot, we need bitcoin to be used for payments?\n\nThe problem, I think, is medium of exchange will benefit from less volatility. But number go up (a lot) needs volatility. \n\nSo, do the treasury companies really want to push a medium of exchange narrative?  I dont think so? 🤔\n\n \n\n"}