I'm not certain what the ideal amount of Roku's $487mn of funds - out of a corporate treasury of $1.9 billion - should have been stored away in an m-of-n Bitcoin multisig.
But clearly the answer is not 'zero'. It turns out 'zero' loses you $487 million dollars!
Even for companies with significantly less exposure, if you find yourself not being able to make payroll - either b/c of exposure to Rippling or to SIVB diretly - how can you justify not keeping at least two weeks of payroll in an asset that doesn't require an intermediary between you and your employees, once you dig yourself out of this mess?
arbedout
npub15e…ayswk
2023-03-12 17:20:24
Author Public Key
npub15elf37hn9ujjptjhfkzzvff5u7u5vfwwp48pffgvjl3k9srtwu8qcayswkPublished at
2023-03-12 17:20:24Event JSON
{
"id": "ac1e6ee0d8efa022c77fe3becb54e1442a205f18d62144400f45e47b3813579e",
"pubkey": "a67e98faf32f2520ae574d84262534e7b94625ce0d4e14a50c97e362c06b770e",
"created_at": 1678638024,
"kind": 1,
"tags": [],
"content": " I'm not certain what the ideal amount of Roku's $487mn of funds - out of a corporate treasury of $1.9 billion - should have been stored away in an m-of-n Bitcoin multisig. \n\nBut clearly the answer is not 'zero'. It turns out 'zero' loses you $487 million dollars!\n\nEven for companies with significantly less exposure, if you find yourself not being able to make payroll - either b/c of exposure to Rippling or to SIVB diretly - how can you justify not keeping at least two weeks of payroll in an asset that doesn't require an intermediary between you and your employees, once you dig yourself out of this mess?",
"sig": "c8633506d70b139ae468014c8b25995bfad565360dc964660beadcceb2f32a4fde55d5a325ca6f9f8944f4df2e2d04dbfe5975e0c2e744782c2fdcd468f1b61f"
}