@ofnumbers I can say w/ high confidence that most of that volume in '17 was related to bitcoin wallets converting BTC to USD through Bitpay in order to load funds to prepaid cards - up until Visa killed that product in early Jan 2018. So not really representative of "BTC payment activity"
@cullenroche Except they typically don't hold lots of stock. They hold lots of options which don't receive dividend payouts but definitely increase in value as a result of buybacks. Oh, and buybacks also conveniently disguise the dilution to non-exec shareholders caused by option grants.
@real_vijay@VinnyLingham BTC only succeeds as a global medium of exchange if it is orders of magnitude better than its alternatives (USD). The only attribute where this is true is its pre-programmed scarcity which establishes it as a store of value first. Why else would it be adopted as a global MoE?