20 sats \ 3 replies \ @brianh 25 Jul 2023 \ on: What is the WORST case scenario for Bitcoin? bitcoin
Frankly I think the whole craze of the past year or two was probably one of the worst scenarios for BTC, making BTC more and more centralized as if it were a get-rich-quick scheme for tech bros rather than a decentralized storage of value.
I think that hype has started to die down a bit so hopefully folks can actually focus on the tech rather than seeing it as a way to make a quick buck.
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26 sats \ 2 replies \ @birdeye21 OP 25 Jul 2023
how did bitcoin become more centralized?
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0 sats \ 1 reply \ @brianh 25 Jul 2023
it's probably better to say that centralized entities became interested in BTC as an asset and started treating it more of an investment opportunity instead of BTC becoming centralized itself, hope that makes sense.
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0 sats \ 0 replies \ @birdeye21 OP 25 Jul 2023
yeah paper bitcoin is a real problem...not sure how it'll play out over time
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