Byzantine on Nostr: they do not control their own custody or their own liquidity provider and the buying ...
they do not control their own custody or their own liquidity provider and the buying of btc is a downward fee pressure business trending toward zero (strike already there)
they have zero competitive moat and we have seen one example of them pulling out of a state due to their "partner" prime trust losing a license
their motives seem pure but their business is very shakey
Published at
2023-04-18 21:50:52Event JSON
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"content": "they do not control their own custody or their own liquidity provider and the buying of btc is a downward fee pressure business trending toward zero (strike already there) \n\nthey have zero competitive moat and we have seen one example of them pulling out of a state due to their \"partner\" prime trust losing a license\n\ntheir motives seem pure but their business is very shakey",
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