Replying to 772f9545...

If it is only a medium of exchange for institutional settlements, that would mean it's custodial and a failure as peer-to-peer cash.
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O Expedicionário 1y ago 💬 1

Not a failure, sub-optimal, yes. Custodial solutions will survive idealistic radicals as sub-optimal solutions, unfortunately

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772f9545... 1y ago

If peer-to-peer cash (Bitcoin) solves the problem of institutional gatekeepers of money, then when Bitcoin is exclusively a medium of exchange for institutional settlements it has failed.