1 sat \ 3 replies \ @028559d218 OP 3h \ parent \ on: Be careful what you wish for: Bitcoinization can and will have huge implications bitcoin
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.
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.
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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
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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.
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