5d ago

Meta shareholders overwhelmingly rejected a proposal to explore adding Bitcoin to the company's treasury, with less than 1% voting in favor of the measure

www.dlnews.com Meta’s Bitcoin treasury play flops as 99% of shareholders say no

Meta shareholders rejected the Bitcoin plan with less than 1% in favour. The proposal called Bitcoin a hedge against inflation and weak bonds. GameStop and Metaplanet are among firms copying Saylor’s Bitcoin play.

Technology @programming.dev

www.dlnews.com /articles/markets/meta-bitcoin-treasury-play-flops-99-shareholders-vote-no/

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Do the shareholders not realize how much easier it is to bribe the president with crypto?
- I don't think people who give or take bribes usually like having a permanent history of the transaction.
  
  Which is why they take the bribe in monero
  
  Big incentive to keep trump in power if your bribery of him is public record. Someone else might do something about it
  
  corpos might not necessarily want this.
  sometimes they want to get rid of these people when public opinion about them is too dirty, and get a fresh puppet in.
  
  https://cointelegraph.com/explained/what-is-a-cryptocurrency-mixer-and-how-does-it-work
  
  Workarounds for the shortcomings certainly make bribes possible with crypto but not exactly easier than with traditional currencies.
  
  Why would they care? Perfectly legal in the US. And consumers/citizens obviously don't care either.
- Bribery isn’t illegal, theres no need to be coy and secretive about it.
  
  That entirely depends on context. Bribing a cop is illegal. Bribing a politician doesn't appear to be illegal anymore (USA)

239 comments