Global Feed Post Login
Replying to Sam

I believe it is an elitist form of money. You need higher than normal technical skills to acquire, hold, and use. There will be millions if not billions of people who need it and can’t get it unless they provide “value”. Which basically makes them working servants.

Currently you need the luxury of extra funds and the proper equipment to buy and hold, that is very difficult for a large majority.

A large sum of people that are buying do not self custody. They will likely lose their coins if the value ever shifts.

I love the good it can bring, but ultimately humanity will still be split by the Haves and Have-nots.

Plus, as Wall Street continues to get into it from ETFs and Miner stocks…we are letting legacy institutions that have been corrupted wiggle in. Can they end up with control if we aren’t careful? History says yes.

5e
5e91eca3... 2y ago

Indeed.

ETFs could postpone widespread real adoption by many many years.

And open btc up for even more price manipulation

I get people cheering on more “adoption “ but even more and bigger institutions opening up for other institutions and big players to invest in such an asset indirectly is terrible for true real world adoption and usage.

We need to start measuring the value of btc in watts, not currency, yesterday!!!

Reply to this note

Please Login to reply.

Discussion

No replies yet.