ChipButty on Nostr: Sure if that's what you think that's fine. I have my doubts Saylor is in cahoots with ...
Sure if that's what you think that's fine. I have my doubts Saylor is in cahoots with the government that makes zero sense especially over a currency he has said over & over again is losing it's value. Even if he was championing bitcoin as the new reserve currency of the world it won't happen until bitcoin can scale. Onchain transactions cannot be used for day to day use and Lightning is nowhere close to ready for the world to use instead of dollars or stablecoins.
What he says just makes sense, and stablecoins are far more practical at the moment for daily transacting that anything bitcoin currently has to offer which is why people in high inflation countries use them. The government can't "hook the world" onto something that is constantly losing its value particularly if that value starts to decrease at a faster rate but bitcoin currently isn't ready to replace the dollar for daily use by the world, it just isn't.
If the SEC had it's way we would still be without the ETF's. I imagine in the next 12 months in-kind redemption will be allowed.
What he says just makes sense, and stablecoins are far more practical at the moment for daily transacting that anything bitcoin currently has to offer which is why people in high inflation countries use them. The government can't "hook the world" onto something that is constantly losing its value particularly if that value starts to decrease at a faster rate but bitcoin currently isn't ready to replace the dollar for daily use by the world, it just isn't.
If the SEC had it's way we would still be without the ETF's. I imagine in the next 12 months in-kind redemption will be allowed.