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147 sats \ 1 reply \ @jtwoodhouse 29 Feb \ on: Fred Kreuger's Bitcoin Perspective bitcoin
I think there's some truth to what Fred is saying. Bitcoin is being partially subsumed into the financial system, and there's not much we can do to stop it. The permissionless nature of bitcoin means there's no way to block Wall Street's participation.
Bitcoin is nowhere near ready to replace the financial system as we know it. We still need to figure out how to scale Layer 2. It's a harsh reality but it's the one we're in.
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0 sats \ 0 replies \ @joda 1 Mar
Quite simply, without scaling, it doesn't have as much value.
I think the time is nigh for Wall Street to start dumping heavy money into Bitcoin development. I am afraid of the influence and speed though.
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