BitcoinReserve on Nostr: "You've been in business since 2018? How come I've never heard of Bitcoin Reserve?" ...
"You've been in business since 2018? How come I've never heard of Bitcoin Reserve?"
Common question we get a lot. So here are two main answers:
1. We haven't taken any venture capital funding.
2. Instead of spending the majority of our budget on marketing, we spend it on having our own infrastructure / owning our entire stack.
Paying for banks, licenses and regulatory burdens is very expensive, but we believe it's worth it in the long run. Our outlook is that it's crucial for #bitcoin companies to NOT depend on external providers for these things (single points of failure).
We don't necessarily have anything against VC funding, but you have to be extremely careful with who you're getting funding from and that simply hasn't been the direction Bitcoin Reserve has taken so far.
This is the low time preference way.
Published at
2023-09-09 09:00:27Event JSON
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"content": "\"You've been in business since 2018? How come I've never heard of Bitcoin Reserve?\"\n\nCommon question we get a lot. So here are two main answers:\n1. We haven't taken any venture capital funding.\n2. Instead of spending the majority of our budget on marketing, we spend it on having our own infrastructure / owning our entire stack.\n\nPaying for banks, licenses and regulatory burdens is very expensive, but we believe it's worth it in the long run. Our outlook is that it's crucial for #bitcoin companies to NOT depend on external providers for these things (single points of failure).\n\nWe don't necessarily have anything against VC funding, but you have to be extremely careful with who you're getting funding from and that simply hasn't been the direction Bitcoin Reserve has taken so far.\n\nThis is the low time preference way. https://image.nostr.build/86a26a7516a07f9f737b19bbf169dab003b7b1aebb93654269e560679a1794bd.jpg ",
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