RE: How Solid is Bitcoin? ...Decentralisation under Threat
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WOW, that IS a massive response. A post on its own. You did an 'edje' here, while I was trying to keep my post condense, this time 😆
Do you honestly think this whole Blackrock (and other ETF creators) aren't following their own rules they must have the same amount of BTC in their wallets as ETF shares they sell? Sure, the rules aren't such they need this in real time, but I think they need to settle at least on a daily basis.
All lost. Well, I do hope it is not. But I didn't touch on so many topics that made me write this sentence "Everything done in crypto space: all for nothing 😂😂". Like the market favouring centralised crypto such as Ripple. Like the market favouring low-quality chains like Solana. Like the market simply believes the stories scalability is best through L2, L3, Lx approaches. Like the market simply fade those L1s that are much better suited to run the dApps of the future. But the market does like Lightning as the p2p payment system, loved by many bitcoin maxis, while it is centralised as hell to make it affordable for everyday use.
Anyways, time will tell what is lost and pointless and what is not 😉