I believe institutional participation strengthens Bitcoin's credibility, instills investor confidence, and paves the way for broader acceptance. I'm interested in everyone's perspective.
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280 sats \ 6 replies \ @k00b 18 Aug 2023
Both.
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10 sats \ 0 replies \ @bitcointerest OP 18 Aug 2023
That's true. Double edge sword. Let's hope the positive outweigh the negatives in the long-run.
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0 sats \ 3 replies \ @SpaceHodler 18 Aug 2023
In what way do you think they threaten decentralization?
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28 sats \ 2 replies \ @k00b 18 Aug 2023
They are centralized and powerful. The question wasn't if it's definitely centralizing. The question was if it threatens decentralization. They will seek more control over bitcoin than they deserve and that will "threaten" decentralization.
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128 sats \ 1 reply \ @SpaceHodler 18 Aug 2023
The "frontrunning the institutions" thing creates an interesting phenomenon though.
We hold almost all the BTC and they own none or little; the earlier you got in, the more you have. And the earlier you got in, the more aligned you are with the Bitcoin ethos, the better you understand it etc. Statistically speaking, of course.
Much BTC is held by cypherpunks, anarchists and other anti-establishment folks.
If large institutions put their money in it, it will empower them, but it will empower the current holders even more. If BlackRock or similar put 2% into BTC, it will pump our bags 10x; you get the gist. Their money will become our money multiplied. The more power they try to gain, the more power they will give to us, making us harder to defeat.
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27 sats \ 0 replies \ @k00b 18 Aug 2023
Your reasoning makes sense. I suspect it's a likely outcome.
I just prefer to assume we might be missing something for prepping's sake.
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0 sats \ 0 replies \ @SimpleStacker 18 Aug 2023
This is my perspective as well.
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101 sats \ 0 replies \ @premitive1 18 Aug 2023
To answer your headline question: neither. Bitcoin doesn't care about institutions.
Nodes decentralize Bitcoin. Why would institutions buying Bitcoin have any affect whatsoever on people running nodes?
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505 sats \ 1 reply \ @eespn 19 Aug 2023
This article give an interesting take on the subject
#226279
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0 sats \ 0 replies \ @bitcointerest OP 19 Aug 2023
Thank you for sharing this link. It's a long read with some interesting points.
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14 sats \ 1 reply \ @Longtermwizard 18 Aug 2023
https://imgprxy.stacker.news/lb0b2zUu--S3UOhFtS7pe8IqlD8xGw_S-lEUiXCb6z4/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvWnF4cjFzOEsvMjAyMzA2MDItMTkxMDUxLmpwZw
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0 sats \ 0 replies \ @bitcointerest OP 18 Aug 2023
Lol. I love this meme.
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1 sat \ 0 replies \ @BTCEz 18 Aug 2023
Their involvement can bring greater mainstream adoption and legitimacy to the cryptocurrency. However, if too much control or influence becomes concentrated in these institutions, it could potentially undermine the decentralised nature that Bitcoin was built upon.
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1 sat \ 0 replies \ @Undisciplined 18 Aug 2023
I totally agree. From the title of the post, I assumed I would want to push back on something.
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