Re: 8 months ago Microsoft voted against putting bitcoin on their balance sheet.

Quote from: Lucius on Today at 10:27:28 AM

Quote from: headingnorth on Today at 05:24:17 AM

~snip~
So why would any sane person want to hold that shit? I swear the MS Board of Directors
and shareholders are dumb as dirt. Meanwhile their worthless bonds are losing value faster
than a melting ice cube.

No, they're not stupid, they're rich to the point that it's hard for an ordinary person to even imagine - but you somehow come across as stupid because you think that Bitcoin is something that everyone should invest in. Apart from that, do you really think that Bitcoin should become something like digital gold, which in the next ten years will mostly be in the possession of those big companies - which, by the way, will keep them in custodial services because they are not capable of such a thing themselves?

If someone hacks such a custodial service, what implications do you think it will have on Bitcoin?

In as much as we do not want the big players or the so called rich to have all the bitcoins to themselves, I also feel the nightmare is already here however some guys like OP seem to have embraced the situation ignorantly hence wanting every rich company or organisation to be part of bitcoin by allocating some funds into it.

I also agree with you on the issues of custodians, MS investing in bitcoin will only result to a custodian holdings and if anything happens like hacks it definitely going to affect bitcoin directly or indirect but however don't you think bitcoin will still be fine, yeah of course because because scammers are only going to still sell them back, use for business legal or illegal or worst case scenario it ends up in the hands of one or more government.