1 sat \ 1 reply \ @xanny 30 Mar 2023 \ parent \ on: Fold Announces Exclusive Global Partnership With Visa bitcoin
You both have valid points. I don't think this is fiat, but the issue is that the BTC is custodial, and the custodian is tradfi. Not your keys, not your coin.
Still, this is a good on-ramp for the normies, especially given the option of prepaid cards.
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0 sats \ 0 replies \ @kepford 30 Mar 2023
When I say bitcoin is a Trojan horse I don't mean that is a strategy. I mean it is part of the incentives that will make it hard to defeat. Because of the design of bitcoin it will draw companies and states to it. I'm not advocating for this, just reporting the weather. If Bitcoin required all of us to become true believers it would be doomed to failure.
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