Isn’t this an effort toward centralizing #Bitcoin, which should remain decentralized? Bitcoin is deflationary, so the more it’s held by institutions, companies, or governments, the less is available for P2P coiners. What do you think? What are the risks and advantages of this trend? Is it worth it in the long run? 🙂
Discussion
Sats will always be available. Maybe not at the same price. Game theory is working.
I think he sees it as a raw asset like gold, just with way better return and qualities, and remember it’s not in his private wallet-he’s accountable to others. For those reasons, he doesn’t scare me because he’ll be forced to just sell on the market if his plan fails. I don’t see the fear as being the percentage of the total bitcoin that companies/orgs/govs have but rather what they have compared to the average person. That’s the scarier ratio for each of us to personally be concerned with. Start stacking!
For years we try to tell people Bitcoin is scarse and you better have some in case it catches on...
Now some see it 'catching on' and they are complaining adoption is not ok, nor fair or whatever...
Bitcoin is a honeybadger (it doesn't give a shit).