26 sats \ 0 replies \ @mallardshead OP 13 Feb 2023 \ parent \ on: Coinbase, Kraken, Binance-->their business models don't work anymore. bitcoin
Yeah I'd say whatever is left of "crypto" will have to take a giant step towards bitcoin for liquidity, establishing trading pairs, censorship resistance, etc. I definitely feel the crackdown is an enormous good. It's the faux decentralized ideologues that just get to me. If you're tokenizing a company, a scam, a gamble, moonshot, unicorn, fine. But when you affinity scam sound money, and decentralization, we end up in the same place we were in the late 90s with .com companies. Amazon and Netflix (hard to believe it was started in 1997) were indistinguishable from all the other scams and were traded as such in March 2000. This year is going to be astounding for bitcoin as soon as we thresh the grain from the chaff. March will probably see extreme volatility.