I don’t mind if corporations use Bitcoin. I want it to be the world’s money. But for the plebs, we need a decentralized L2 with cash-like privacy and scalability. This needs to be something we are comfortable with storing the majority of our wealth into. I don’t want my life savings to be on Wallet of Satoshi when I cannot afford L1.
Discussion
any pow public chain - anyone can attempt to take majority control of hash node hodl etc and try to corner or dictate the market like they do in fiat world. nobody that stop it except to stay vigilant and SWAP OUT n dump on any sign weakness / fault / deterioration - be it dollar bitcoin or gold
take gold market example - it is in CAGED n ENSLAVED by bankers - real psychical gold plays insignificant role in that - hope bitcoin industry dnot fall in SAME trap