Quote from: franky1 on November 27, 2020, 04:43:37 PM

Quote from: Wind_FURY on November 27, 2020, 11:05:07 AM

Quote from: chretienm on November 27, 2020, 09:36:46 AM

That's what we can observe now, I don't understand why there is so much excitement about getting instututional giants and bankers into bitcoin. Better adoption, more money from institutional investors flowing in etc.yes it's all happening now but is it really good?

Will everybody be happy to know that PayPal, Grayscale, Square, some Wall street banks and few greedy hedge funds control the rest of the supply and price?
Big question if the project failing or not, it's not clear yet but there are some worrysome signs.

I believe we should be worried more about a large percentage of the supply is controlled by custodians, or services like PayPal becoming THE custodians, removing the sovereign store of value feature, and majority of usage of Bitcoin, as a medium of exchange, would be through them.

banksters bitcoin game is to get people to lock bitcoin into bankster vaults. and then play with banksters tokens on other networks that are not bitcoin but just pretend to be.

thank you for suddenly waking up to the game.. only took you 4 years

Stop gaslighting. Roll Eyes

I was never against the debate that centralized-3rd-party-custodians could spell trouble to Bitcoin's censorship-resistance.

Quote

1920's money was gold backed paper. where the gold was vaulted in custodians. and paper tokens(bank notes) were given to play with....... then THEY decided you cant swap it back for gold

those that then still wanted to invest in gold again in non bank note system.. evolved to 'online certificate' tokens. and has been a bankster latest gold game for decades. guess what will happen to that in future.
more recently:
LN 'millisat' tokens are the greyscale bitcoin game for the last 5 years. and like the 'gold standard' of the early half of the 1900's we will see how these 'watchtower''factories' will suddenly not be able to do bank runs if suddenly large amount of people want to exit LN

best advice:
feel free to day trade small 'disposable' amounts in their systems. but dont use them as your whole wealth asset management.
"if you cant afford to lose it, dont use it"
dont put your hoard into exchanges/LN

That only applies to custodial services for LN. A user has a choice to run his own Lightning node, so it's not a direct comparison to gold and bank vaults. Plus you always have uncensorable Bitcoin onchain transactions available.