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268 sats \ 1 reply \ @skreep_ OP 27 May \ parent \ on: Retail Isn't Coming Back [Article] bitcoin
I do believe the institutions will push Bitcoin adoption, but I assume that will be from within their walled gardens, their custodial services, their ETFs.
Bitcoin will require on-chain activity to survive long term. Everyone inside the ETFs are just chasing the price... They buy to sell at a profit in dollars. This is the only usecase of a Bitcoin ETF.
The positive in this situation is the ETFs are buying developers time to build the tools necessary to have retail come back — and stay here — in a meaningful way.
Fleshing out cohesive open network systems is no easy task
Thank you again for your write-up. I posted recently here about going to steak n shake #984906
And I thought the experience was incredible using my own lightning...
So what exactly... is retail waiting for? Don't they know the dollar is dying? don't they see that government debt is reaching ludicrous levels? Why on Earth do they want to leave Bitcoin in the custody of some banks that care 0 (zero) about this customers and clients really?
buying developers time to build the tools necessary to have retail come back
If retail is only here to see the 'number go up in dollars' then what tools could developers actually build that people will use?
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