abipup Thank you for the reply.
You are correct, 3.3% of RFV is a sensible, risk-conscious approach. I applaud the Treasury team.
renBTC is a disappointment. Yeah, I agree. I didn't ask for it anyway.
But it won't take 60-90 days to raise 3.5M. We did 35M in LUSD in two weeks. Straight to the RFV.
We have the best growth engine in crypto. It won't take a harmful amount of time to get real BTC when the time comes. It'll take a governance proposal, a vote, and one week. Where's my Remindooors at?
We don't need to settle for this ersatz digital fool's gold, Persephone's pomegranate, forcing Mt. Olympus to cope with a winter it never had before.
You want exposure to BTC. Cool. Market conditions say it's a good idea. I agree.
I'm way more comfortable with SNX-backed sBTC. That gets us the price action, and we know we can trust Synthetix. They're getting a Token Reactor eventually anyway. Loads of liquidity.
I'm even comfortable with Rune's BTC. Their EVM contracts suck, but nothing's wrong with their BTC side (yet).
Holding wBTC doesn't signal to the world that we embrace the biggest asset in crypto.
It signals that we don't care about badly written custody smart contracts. It's a shallow move, and OGs will see right through it.
I'm impressed with the Bitgo squad for being so stable and reliable for so long. But Tetranode's Life of a Thanksgiving turkey is too real. It only takes one bad day…
Let's vote no, then publish this proposal. Everywhere. I'll put out a summary if you want. I've done a bunch for ScribeDAO. Get somebody. Get Jaws. Get Asfi.
We'll signal to the world that we are looking for a decentralized solution. They'll come.