So... it is a Friday night, and I am feeling loquacious. And no, that does not mean drubk. Or Drumpt. On Whisskey or anything else... sue me. pip paf poofle.
If I were not lazy I could dig around and find a post where i said something along the lines of "...Until the powers that be figure out that ETH (or ETH like chains) will allow them to print all the digital money they want".
And much more recently I warned that the ETFs were a mixed blessing. Increasing adoption at the cost of centralization of holdings... following as similar pattern as gold.
A couple months or 3 back I said something on NOSTR along the lines of "prepare yourself to hear big 'maxi' type talking heads to start to front for 'stable coins'".
*sigh*
As much as I love to be right from a sort of egotistic view... I wish I was wrong.
That said. We are not in the absolute woods. The powers that be are taking a foothold for sure. But they are also realizing there is a strong incentive to keep bolstering the network now that they are invested. Think of the prior example of miner manufacturers "testing" their chips by "burning them in for months" lol. Butterfly labs.. Bitmain.
And now people like Saylor and Lummis are inching towards the idea of issuing "stable coins" to save the USD. And this mean ETH opr Solana or whatever other shitcoin centralized garbage is in vogue. And maybe also BTC on LND? (
https://web.archive.org/web/20241201051720/https://www.weforum.org/organizations/lightning-labs/ ) It looks a lot like this is where we are going.
Ultimately all this does nothing other than change timeliness, and offer opportunities.
Bitcoin will never stop being king. And more money coming into the digital realm means more money to get parked in the corn.
Eventually.
Ok... loquacious mode off. Read and merit (or hate) before i delete it lol.