Rob on Nostr: The 21m cap of Bitcoin does not apply if people are buying wBTC or keeping BTC on ...
The 21m cap of Bitcoin does not apply if people are buying wBTC or keeping BTC on exchanges. They might as well be IOU's. The fact that this fake Bitcoin will absorb real capital is concerning. People will get burnt, and this will affect the value of actual BTC. People will exchange fake BTC with each other, and not realise the bait and switch, and the true value of Bitcoin will not be realised.
Published at
2025-01-21 20:40:07Event JSON
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"content": "The 21m cap of Bitcoin does not apply if people are buying wBTC or keeping BTC on exchanges. They might as well be IOU's. The fact that this fake Bitcoin will absorb real capital is concerning. People will get burnt, and this will affect the value of actual BTC. People will exchange fake BTC with each other, and not realise the bait and switch, and the true value of Bitcoin will not be realised. ",
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