10 sats \ 4 replies \ @Solomonsatoshi 4h \ parent \ on: Be careful what you wish for: Bitcoinization can and will have huge implications bitcoin
Linux has been largely captured by corporates - the vast majority of proles use corporate surveillance shitware OSs ... because its been managed that way.
Much the same sad fate could befall Bitcoin.
It would not be a victory, but a case of the revolution being captured and controlled by the very entities it set out to provide an alternative to.
this is a very interesting take.
it is why we need to run our own nodes... while being serious about miner centralization and decentralized block construction if possible.
reply
You do not appear to fully appreciate the implications of ever increasing institutional custody.
Blackrock & co are buying up miner interests as well as accumulating custody and control of ever more Sats.
reply
ive watched this video several times and i'm a huge fan of anton.
however i don't see any way to keep institutions from buying, and buying a lot,.
they want to buy ok so... that's it they will. global money means everyone will use it full stop
reply
Sure but that's no reason to ignore the obvious risks - given how most here are ignoring the risks its all the more reason to highlight them.
Unless you are only here for number go up fiat denominated speculative gain.
reply