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2 sats \ 3 replies \ @zuspotirko 21 May 2022 \ on: How Bad Do You Think Bitcoin Rehypothecation is? bitcoin
I think, we shouldn't care about this at all.
Why not? I think people should know they're holding unbacked bitcoin claims, how is that not important?
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I mean, people should withdraw their Bitcoin to their own wallets.
But everybody who already has (like most Bitcoiners I imagine) - it just really doesn't matter at all. Let exchanges fail, let normies loose their real money, who cares? The Bitcoin network certainly does not.
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Yeah I get that, I just think this is a stronger narrative to add with not your keys not your coins. Sure normies are only there to get rekt, that's the game, but doesn't mean we shouldn't expose whats going on
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