Replying to Avatar kidwarp

No micro strategy bought 4b in btc (Yes he still owns majority stake in the company).

Saylor personally owns ~20k ish btc (or something like that) & who knows how he stores that?

(I agree he still owns lots of coin)

I don’t trust anyone who advocates for banks to be involved in bitcoin.

We don’t need banks or the next era of fed controlled banks.
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Zach⚡️ 2y ago

Ok. You have a Bitcoin Bank address in your profile for lightning payments though.

I understand your point, and obviously on-chain, self custodial Bitcoin is the way to go.

But to claim that we are going to get rid of all banks for everyone in the world and have everyone hold 12 words on their phone is a misunderstanding of both what the current technology scales to, and what the average person currently demands.

I obviously would love that world and am advocating for it, and I think we will have better tools in the future which enable it (we are already close). But I don’t hold it against people who understand the current reality of the situation and attempt to make better custodial solutions for the average consumer or company.

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kidwarp 2y ago

Right like I keep my whole stack on wos, like I don’t have my own node, cold storage, other non custodial, lightning network wallets?

If would prefer to receive everything on chain to one of my many legacy addresses.

You do know the federal government wants to make non-custodial wall. It’s illegal, right? Right?

You trust them?

After what they’ve done?

1913(fed bank), 1931 (gold theft), (wtf happened in) 1971

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Zach⚡️ 2y ago

No I don’t trust them. But you’re completely missing the point of what I’m saying. Banks will continue to exist to service people who want convenient payments and trust based storage. 99% of people still demand this, including yourself. In that context, Saylors comments make sense.