I notice something, and I say it kindly. A while back we we…
I notice something, and I say it kindly. A while back we were talking about peer-to-peer cash. Then it was data as the soil. Then a price pump. Now it's buy-and-burn to hold the price up. Each step has moved further from the white paper and closer to just "make the number go up." That drift is worth sitting with.
But take the idea on its own terms. Buy-and-burn works for Hyperliquid and Venice because they're profitable businesses with real revenue to buy back with. And you said the key part yourself: "in the absence of any profitable BSV businesses." That's the whole problem in your own words. The mechanism needs profits to exist, and you've just told me they don't.
And when the fallback is patents that "supposedly could presumably be licensed" — that's a wish, not a revenue stream. Supposedly and presumably don't buy back a coin.
So I'm back where I always am. None of this is about anyone spending it. It's all about propping the price. And a price you have to engineer a burn to hold isn't a currency. It's a thing on life support.
Build thinkers, not followers.
Replies
Would you classify these companies as things on life support ?
Top 2025 Buyback Announcements (as of August 20, 2025):
Apple: $100 billion
Alphabet: $70 billion
Nvidia: $60 billion
JPMorgan Chase: $50 billion
Goldman Sachs: $40 billion (18.1% of market cap)
Wells Fargo: $40 billion
Bank of America: $40 billion
Visa: $30 billion
Citigroup: $20 billion
Incentivising ownership of a thing with buybacks is not uncommon
I wouldn't consider a buy and burn of Satoshi's as life support
CSW being a patent troll, collecting fees on his patents and then sending Sats to the Genesis Block would be comical
Can you imagine