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470 sats \ 2 replies \ @orthzar 30 Jun 2023 \ on: Let's hear your controversial Bitcoin take. I'll go first: bitcoin

All Bitcoin companies that provide Bitcoin-specific services should shutdown immediately. Because the majority of them are going to fail hard during the upcoming depression, and their failures will cause two problems:

  • A lot of the Bitcoin held by those companies will be lost for one reason or another.
  • Newspapers will use those failed companies as evidence that Bitcoin is bad/broken (which is obviously not true).
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20 sats \ 0 replies \ @DeltaClimbs 30 Jun 2023

There you go. That's actually a good controversial take. Especially Lightning medium of exchange ones are retarded niches like games or something that doesn't actually need Bitcoin.

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0 sats \ 0 replies \ @premitive1 2 Jul 2023

it's also an issue of value creation versus capture. In a free market business creates value, and therefore the more business done the more value in society. In our fiat world with our fiat mindsets, many bitcoin businesses do not create value, they capture value. They are desperately clawing at a finite amount of bitcoin, but their business is not increasing the underlying value of bitcoin.
I remain bearish on "bitcoin" companies.

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