Replying to Avatar Chris Liss

I understand that, but let’s say you’re 70, and your nephew holds the coins in cold storage. Allegedly. That’s also counterparty risk — maybe he took your funds and did something else with them.

People are not ready en masse to self-custody with the current tools, but MSTR surely is ready to put the stock and bond market’s capital into it.

So the question is do those things coopt bitcoin (fake paper bitcoin on legacy financial rails) or does bitcoin via MSTR and the ETFs swallow the financial system into its rails (held in cold storage by MSTR.)?
b7
b799e60f... 11mo ago

Truth is: not your keys, not your coins.

I see nations moving towards paying in cash and card to pay via QRCode (Brazil, for example). The leap is high, but not impossible.

Those who trust other men to secure their treasures, will be stolen and raped by the same men.

Believing in IOUs will put people in the same position of imminent domain in the US, where the government said fuck it and let’s steal these fuckers gold (Americans) and make fiat a standard.

The point is very simple: you do whatever the fuck you want, as long as you do not fuck with other peoples property and/or rights. Wanna bet on ETFs and stocks? Go right ahead. Wanna bet on Bitcoin? Sure, go ahead. Everyone will deal with the outcomes based on the path they choose.

Reply to this note

Please Login to reply.

Discussion

No replies yet.