MachuPikacchu on Nostr: TL;DR - Meta is in a position to set up the ultimate Bitcoin surveillance state. ...
TL;DR - Meta is in a position to set up the ultimate Bitcoin surveillance state.
Seeing people talk about #Meta holding bitcoin on their balance sheet. I don’t like or trust #Zuck at all and here’s my prediction:
Meta will eventually acquire bitcoin for their treasury. With the new US administration being “pro-crypto” Meta would apply for money transmitter licenses and embed a custodial wallet in their apps.
Since they’re holding bitcoin at that point, opening up “bitcoin” payments on their platform of billions of people greatly increases demand and therefore their valuation. They’ll then have unparalleled surveillance capabilities and governments will be more than happy to partner with them on that.
This is the future that totalitarians could only dream of. Yes, NGU but then freedom-go-down. Pull as many sats as you can off the exchanges. Don’t sell your corn.
Seeing people talk about #Meta holding bitcoin on their balance sheet. I don’t like or trust #Zuck at all and here’s my prediction:
Meta will eventually acquire bitcoin for their treasury. With the new US administration being “pro-crypto” Meta would apply for money transmitter licenses and embed a custodial wallet in their apps.
Since they’re holding bitcoin at that point, opening up “bitcoin” payments on their platform of billions of people greatly increases demand and therefore their valuation. They’ll then have unparalleled surveillance capabilities and governments will be more than happy to partner with them on that.
This is the future that totalitarians could only dream of. Yes, NGU but then freedom-go-down. Pull as many sats as you can off the exchanges. Don’t sell your corn.