Replying to Avatar HoloKat

Bitcoin is being hijacked buy Wall Street and everyone is excited. 🤦‍♂️

You know they will leverage the shit out of it and rehypothecate.

When the shit hits the fan they will try to manipulate it and when that clearly won't happen they'll fork away and blacklist the current chain transactions.
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vnprc 1y ago

I think paper bitcoin is inevitable. There will be many shakeouts as they come to terms with the new reality of absolute scarcity and 24/7 global settlement.

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HoloKat 1y ago

Of course, where there's profit to be made off of suckers, profit will be made. Thing is, there's no absolute scarcity in paper bitcoin. Shakeouts will happen until a shakeout becomes "too big to fail"