Post
Topic
Board Bitcoin Discussion
Re: Good or Bad - Blackrock Buying BTC
by
Apocollapse
on 30/03/2024, 09:20:38 UTC
Most people will say good because they only care about the price and don't care with privacy.

For me it's bad because Bitcoin will be less decentralized, decentralization isn't only on the hash rate or network, but we also need decentralization on the holders.

It will bring more and more laws related to crypto - which is good (end of wild west of crypto, more protection)
Protection in what? I think Bitcoin holders don't need to have a protection from the government because if someone lost their coins, it means there's something wrong with their OPSECs. If you lost your coins in hardware wallet or cold storage due to hack, $5 wrench attack, etc, I don't think the government will refund your coins.

Only popular centralized entities e.g. Mt.Gox and FTX might refund your coins, even though there's no 100% guarantee, deadline or how much they would refund.