bitcoinisenergy on Nostr: Bitcoin network get's stronger when bank runs happen in exchanges, users get real ...
Bitcoin network get's stronger when bank runs happen in exchanges, users get real Bitcoin instead of I owe you balances. Improves decentralization and removes ability of exchanges to rehypothecate your Bitcoin. Fiat banks can't deal with 10% of users taking their I owe you dollar balances. #brokenIncentives
Published at
2023-05-01 20:05:49Event JSON
{
"id": "e516dc97c0bb1ea90d99b0f05881e9a4961018dadd7c38ac573ea326a16c57c3",
"pubkey": "999e95385ce9171039dfbc0e2665aa0ea62644ab17dbf51f3597ef89807780c4",
"created_at": 1682971549,
"kind": 1,
"tags": [
[
"t",
"brokenincentives"
]
],
"content": "Bitcoin network get's stronger when bank runs happen in exchanges, users get real Bitcoin instead of I owe you balances. Improves decentralization and removes ability of exchanges to rehypothecate your Bitcoin. Fiat banks can't deal with 10% of users taking their I owe you dollar balances. #brokenIncentives ",
"sig": "018cbdba8217f435312ff35f9d811ed2d8b2a3b3b10485d94a1f00307a33881456e1fc0fa80817afa8476f4775761a4a405bd0c82a2ae814c639248c358d9a3e"
}
