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1980 sats \ 0 replies \ @DarthCoin 12 Sep 2023 \ on: What do you think the next 5 years of bitcoin will look like? bitcoin
We need at least these next 5 years more "calm waters". Bitcoin can't evolve in a turmoil waters. I mean the developing software, new apps, new base code improvements, etc
See this period of calm we have these days? This is what we need for the next 5 years.
Not bullshit crazy hypes about price hiking to 100k-500k and everybody excited and not concentrated to what matters - merchants adoption and people using it as money.
So I hope we will remain int his range of calm waters of 30-50k and most important, with not too many full mempool seasons.
There's much more to code and prepare in the software part than many can imagine. We are just at the beginnings of beginnings in this matter.
All these "institutional investors" crap will push more for idiotic regulations that will squeeze too much the miners and software developers or even put them into a corner.
We don't need ETFs and crap like that, we don't need blackrocks and influencers that talk only about their price predictions.
We need politicians to be dumb, clueless and ignoring BTC, still considering it a harmful nerds game. Let them continue into their ignorance, don't feed them with information or educate them! Let them be idiots in this matter.
I fear also that more custodial solutions will pop up. I am not talking about a simple meaningless wallet like WoS or SN that custody just few sats of the few users. I am talking about HUGE custodians, like big bitcoin banks. Those are the danger.
Is hard to say... All depends firstly to what new features are implemented into Bitcoin base code and LN. All other solution builders are waiting for these.
I think we will see a more stronger solution for LSPs and with many good LSPs that could provide good liquidity to regular BTC/LN users. That is really necessary to many merchants too.
They are wrong because there's too much noise around.