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44 sats \ 1 reply \ @Aardvark 9 May \ on: Bitcoin Is All Over CNBC bitcoin
I think you can only keep your head in the sand for so long before you have to accept that bitcoin isn't going anywhere. I imagine over the next 5 years or so its just going to become more and more mainstream.
At current rates within 5 years most of all BNitcoin will be held by institutional custodians who never use it as a P2P payments protocol.
At that point or perhaps before then it could be argued where is the need for self custody?
It only enables money laundering.
So a ban on self custody is imposed-
'You can still own Bitcoin, via one of our trusted corporate custodians' they will say.
Already how many Bitcoin holders ever use Bitcoin as a P2p MoE?
And if they do are they complying with their tax recording and reporting obligations?
Very few if any are.
Bitcoin has already been effectively outlawed for practical use as a P2P payments protocol and yet most 'Bitcojners' didn't even notice.
Sly capture and control done by the banker cartel and nobody even noticed...
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