GM #Nostr 🤙🌅🫂❤️
#Plebhy #Bitcoin
Discussion
This is uncannily accurate :)
My how swiftly the narrative can change once the opportunity to scam on #Bitcoin became available, amirite???
Seems like saylor is also trying to legitimise using bitcoin network for tokenisation of stock/bonds/whatever
🤦
I don't get it to be honest. It doesn't seem to matter ultimately even if it's stored in bitcoin network if at the end of the day the decision of whether the token that represent the stock/bond/whatever gonna be honored or not depends on central authority.
It will have big issue just like USDC where the token will easily lose its value because the dollar at the end of the day is saved in a bank that can go bankrupt. So the peg isn't guaranteed.
Ding Ding Ding. Some Bitcoiners already are well aware of this and now have conveniently 'forgotten' probably cuz it'll help pump the value of their corn & increase their mining profits.