Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Richy_T
on 26/06/2022, 14:54:23 UTC
Everyone here will love Blockstream,

Not everyone.

their Blockstream Satellite project which is essentially altruism (not only B2C, but made to help poor people in poor countries use Bitcoin!),

A hype project that has helped nobody and makes no sense.

well—where does Blockstream make their money?  I don’t know their internal structure or their financials (none of my business!), but I plausibly guess that their bread and butter is Liquid, and their Lightning infrastructure projects, and their hosted mining—all B2B, and/or for very wealthy customers.

VC capital. None of their stuff makes money AFAIK (I believe they do some mining but that's not their core business). More people should be asking questions like this.