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Let’s Not Create $200 Trillion In Credit On Top Of Bitcoinbitcoinmagazine.com/takes/lets-not-create-200-trillion-in-credit-on-top-of-bitcoin
21 sats \ 2 comments \ @ch0k1 20 Sep bitcoin
The purpose of Bitcoin is to definancialize the world, not refinancialize it.
And so when I heard Strategy Executive Chairman Michael Saylor say at the Bitcoin Treasuries Unconference yesterday that he wants to see $200 trillion in credit built on top of bitcoin once it hits a $100 trillion market cap, I felt uneasy.
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42 sats \ 1 reply \ @villawolf 21 Sep
That's the beauty of Bitcoin: everyone is free to do what they want, without needing permission. If someone decides to create USD, credit, stablecoins, or other financial instruments on top of Bitcoin, well—they have every right to do so.
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21 sats \ 0 replies \ @TNStacker 22 Sep
The Force is strong with this one.
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