Global Feed Post Login
Replying to Avatar Andy Scott

Respectfully, I disagree. He's been an incredible spokesperson for Bitcoin, but it's a new paradigm, not an asset within the fiat system.

This whole rebranding of Bitcoin as digital gold or digital capital is the threat to Bitcoin. It's a store of value yes, but his reluctance to embrace it as a medium of exchange of unit of account is telling.

I prefer not to speculate on individuals, but he will ultimately have some decisions to make. It may well be that he's the one wheeling in the Trojan horse, but this phase is accumulating massive amounts of bitcoin in centralised, corporate hands.

What do you think?

Avatar
bitcoinlimit 1mo ago

agreed on his reluctance to embrace it as a medium of exchange. agreed on centralized btc accumulation practices which is mostly related to his hesitation for self custody.

Reply to this note

Please Login to reply.

Discussion

No replies yet.