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> The notion that they're dinosaurs and they're ten years late, is laughable. Maybe I wasn't clear. They are ten years late because they missed the 100,000% re
by module0000 9y ago
> The notion that they're dinosaurs and they're ten years late, is laughable.
Maybe I wasn't clear. They are ten years late because they missed the 100,000% return on investment. I promise you, before they sell their board members on the idea of "getting involved" with BTC, they will present a figure called "opportunity cost", which represents the gains they have not realized by not participating. That figure is incredibly high, hence they are ten years late.
Also, I don't believe they can dictate terms with BTC's existance at all. They can depress or inflate the market, but since there is no central authority - all they can do to influence prices is determined by their market participation. An example of a real market that they can dictate terms with would be US debt(treasury bond futures). By participating in the bond auctions with the fed: they get to set the rate. There is no equivalent process by which they can influence BTC, much less dictate it's existence.