Serious risk indeed.

Without becoming a useful and widespread means of payment (as it seems to be now), Bitcoin's store of value proposition is very weak in the long run. #Gresham's Law has no exceptions when it comes to #Bitcoin.

With a "hodling only" approach, the centralization of ownership and custodial services is increasing rapidly. Fractional reserve banking is just around the corner, along with strict regolatory limitations on #self-custody.

Eventually, we could find ourselves back in the #matrix we tried to escape.

Prove me wrong!

P.s.: I love Bitcoin, but we cannot be blind with love and lose our adversarial/critical thinking. Every passing day I dislike more Bitcoiners' cargo cult tendencies and group thinking.

Big blockers warnings and Schiff's valid arguments shouldn't be discounted as defeatism and heresy.

nostr:nevent1qqst6gzgkercl2jzvfd2kzvhd76sc4qexfet79md36n49vl9tzkc0cc3x6095

nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m nailed it