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>Of course people holding BTC will like that. Given that the original Whitepaper is titled: "A Peer-to-Peer Electronic Cash System" and a news article describi
by Barrin92 3y ago
>Of course people holding BTC will like that.
Given that the original Whitepaper is titled: "A Peer-to-Peer Electronic Cash System" and a news article describing the 2009 bank bailout is literally baked into the very first block people celebrating slow morphing of Bitcoin into a traditional finance product is at least a little bit funny. Instead of a hedge crypto is now just effectively a correlate of the financial markets.
- dogman144 3y agoConversely, traditional finance making products based on an asset which some of the most radical anarchocapitalists hold market-moving amounts of, bodes well.
- Barrin92 3y agoDoes it? Traditional finance is no stranger to extremely speculative assets, the difference is just when those assets go to zero for the banks it's a tiny fraction of their portfolio, for all the anarcho online enthusiasts it's usually their savings. Reminds me of the Gamestop fiasco one or two years ago.
- dogman144 3y agoYes, if in your mind a summer of Gamestop meme trading equals a technology with 40 years of research from the top applied cryptographers, 10 years of production testing, and an asset with thin markets and extremely asymmetric holdings. The ability to easily reduce crypto to some hot take and equivalence is why otherwise quite smart people keep missing the space for the last decade.