Replying to Avatar Mike Brock

If you're a bitcoiner and you're being smug or feeling Schadenfreude about the failure of Silvergate and Signature, you might want to consider that these were the two most bitcoin-friendly banks, supporting the lion's share of fiat settlement for bitcoin trades between trading counterparties in the US.

If you're laughing, you're scaring an own goal right now.
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Timechain 2y ago

It's true. Cut off the on/off ramps and you will scare away the institutional money, Bitcoin price could drop pretty quickly. NGU drives adoption, our security budget, and pays for development. As much as people like to think we don't need, we need as many developers as possible.

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Mike Brock 2y ago

Yes. A lot of Bitcoin's current utility stems from its deep pools of liquidity. Only from extreme ignorance could someone hoping for bitcoin to succeed be amused by this turn of events.