they do not control their own custody or their own liquidity provider and the buying of btc is a downward fee pressure business trending toward zero (strike already there)
they have zero competitive moat and we have seen one example of them pulling out of a state due to their "partner" prime trust losing a license
their motives seem pure but their business is very shakey
Byzantine
npub1t5…k6dke
2023-04-18 21:50:52
in reply to nevent1q…wsel
Author Public Key
npub1t5wc8h37uhkau9tsw82sjxndq04d3n8p634utpdfvs4tm5xmt2sqgk6dkePublished at
2023-04-18 21:50:52Event JSON
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"created_at": 1681854652,
"kind": 1,
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"content": "they do not control their own custody or their own liquidity provider and the buying of btc is a downward fee pressure business trending toward zero (strike already there) \n\nthey have zero competitive moat and we have seen one example of them pulling out of a state due to their \"partner\" prime trust losing a license\n\ntheir motives seem pure but their business is very shakey",
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}