Subnostr

my takeaways from the saylor pod is that the institutions have an opinion on how Bitcoin development should happen and it leans towards ossification

we will have more parties enter and they will all have opinions, this is good

we will not agree with everyone that uses Bitcoin

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Discussion

BottleTeams 1y ago

They want ossification because they want it as a "gold" replacement, not as a money.

Then institutions will put your stocks and bonds on an ETH blockchain and tell everyone it's sliced bread. Banks make no money selling BTC. They will rent seek with ETH.

cuban 1y ago

hasn't that always been the case?

BottleTeams 1y ago

The more btc banks have the worse off everyone else will be. There will be no way to get the BTC out of bank custody (if they are in custody of it). It will become another fractionally reserved commodity like the gold and silver ETFs have become.