I believe it is an elitist form of money. You need higher than normal technical skills to acquire, hold, and use. There will be millions if not billions of people who need it and can’t get it unless they provide “value”. Which basically makes them working servants.
Currently you need the luxury of extra funds and the proper equipment to buy and hold, that is very difficult for a large majority.
A large sum of people that are buying do not self custody. They will likely lose their coins if the value ever shifts.
I love the good it can bring, but ultimately humanity will still be split by the Haves and Have-nots.
Plus, as Wall Street continues to get into it from ETFs and Miner stocks…we are letting legacy institutions that have been corrupted wiggle in. Can they end up with control if we aren’t careful? History says yes.
sam / Sam
npub19qp…xy6m
2023-08-04 05:04:38
in reply to nevent1q…8vzs
Author Public Key
npub19qper6r58vhgkqzxvte032ws0s4cau2qvx9q5hkmfw7cxq58enhsduxy6mPublished at
2023-08-04 05:04:38Event JSON
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"pubkey": "280391e8743b2e8b004662f2f8a9d07c2b8ef140618a0a5edb4bbd830287ccef",
"created_at": 1691118278,
"kind": 1,
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"content": "I believe it is an elitist form of money. You need higher than normal technical skills to acquire, hold, and use. There will be millions if not billions of people who need it and can’t get it unless they provide “value”. Which basically makes them working servants.\n\nCurrently you need the luxury of extra funds and the proper equipment to buy and hold, that is very difficult for a large majority. \n\nA large sum of people that are buying do not self custody. They will likely lose their coins if the value ever shifts.\n\nI love the good it can bring, but ultimately humanity will still be split by the Haves and Have-nots.\n\nPlus, as Wall Street continues to get into it from ETFs and Miner stocks…we are letting legacy institutions that have been corrupted wiggle in. Can they end up with control if we aren’t careful? History says yes.",
"sig": "1114207cc66828d5048fe15c93a7900139d23113767a1053fd481058e91a73a18a9cdb681c0e1c34005fd6dcba18fe674d8ed5e977edcf3b36d3f6d6154ca520"
}