0 sats \ 2 replies \ @faithandcredit 14 Jun 2022 \ on: Daily discussion thread
There seems to be alot of concern that the Federal Reserve hold alot of power over the BItcoin exchange rate. But if BTC is decentralized, its possible that Fed raising rates would impact it less than the market thinks. For example The EU/US has put sanctions on Russia but they seem to not be working. So why do we assume they hold much power over Bitcoin? Is it because it is primarily EU/US hodlers?
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0 sats \ 0 replies \ @nullama 14 Jun 2022
If anything, it's the opposite.
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0 sats \ 0 replies \ @pdmccombs 14 Jun 2022
No one holds supreme power over Bitcoin. Can whales effect price, sure. But that comes with the game. Don’t hate the player.
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