Avatar
atyh 1y ago

i wonder if eventually self custody bitcoin will be worth more than “in system” bitcoin?

Reply to this note

Please Login to reply.

Discussion

Avatar
0x 1y ago

Illegal bitcoin is the real Bitcoin

Avatar
atyh 1y ago

any bitcoin you can buy land and eggs with is real bitcoin

Avatar
G 1y ago

I wonder about this a lot. If ever such a distinction did happen, it would almost certainly be because of certain authorities seeking to outlaw non-KYC bitcoin.

Of course this would not bode well for fungibility, but I wonder would such a scenario even be possible with a borderless, decentralized protocol like bitcoin?

Plus it's fairly trivial to obfuscate ownership. Perhaps in the future it will not be so easy and then maybe non-KYC bitcoin could sell for a premium. But in that case I can also see non-KYC bitcoin becoming less valuable if using it risks breaking the law.

Avatar
atyh 1y ago

i dont know that it could be done right now. the competing nation states and lust for power makes it impossible for anyone to be on the same team for more than brief periods. its too complicated to lock down the whole world against self custody bitcoin

Avatar
G 1y ago

Beautiful game theory :))))