Listening to the podcast today. You don't need to like what he says, but a lot of it makes sense. It will be much more convenient than holding your own keys and it will appeal to people that still trust the system. Pretty sure they'll get rugged sooner or later though.
Discussion
i think there is some truth to this...if you want the price exposure with the goal of selling one day it is definitely better to stay "in the system" but if you want to participate in the revolution then it is good to be private "outside the system". it is maybe possible to do both
No doubt!
Also I don't trust any of the suits. I wonder how it will play out if a trust or bank blows up because they tried fractional reserve games with bitcoin. The money printer wont be able to save them in this case. Also what will stopp the state to knock at the door of coinbase to seize the bitcoin in their custody to do something similar to Executive Order 6102?
I am here for the revolution by the way. 😉