Des Imoto マキシ on Nostr: #Bitcoin will not succeed if it doesn’t become a broadly used MoE soon. Because it ...
#Bitcoin will not succeed if it doesn’t become a broadly used MoE soon. Because it needs to be highly distributed and not highly concentrated. Being concentrated in ETFs, strategic reserves and corporations allows it to be diluted through futures, derivatives and fractional reserves and hence also lose its SoV by essentially inflating it. Cornering Bitcoin as a SoV is an attack vector.
Published at
2024-08-16 16:03:18Event JSON
{
"id": "44bad548a2273f8089c6e31a0139948082a4222d7ba52e32b5e75001a67a48ad",
"pubkey": "16897bfab409ff12a768217e14d472dd5e8a2ae11cc0e3340bf2d6f67f5bac83",
"created_at": 1723824198,
"kind": 1,
"tags": [
[
"e",
"92fba4eac2dfcaa74a31f725133d023cb590fe9ab84dc9be6bf907f632069816",
"",
"root"
],
[
"e",
"6d5aeb278d20bc5ee86ed50c8032b8d60680ccb871b02cac9eff5daf6819bf17",
"",
"reply"
],
[
"p",
"b7996c183e036df27802945b80bbdc8b0bf5971b6621a86bf3569c332117f07d"
],
[
"p",
"e2ccf7cf20403f3f2a4a55b328f0de3be38558a7d5f33632fdaaefc726c1c8eb"
],
[
"t",
"bitcoin"
]
],
"content": "#Bitcoin will not succeed if it doesn’t become a broadly used MoE soon. Because it needs to be highly distributed and not highly concentrated. Being concentrated in ETFs, strategic reserves and corporations allows it to be diluted through futures, derivatives and fractional reserves and hence also lose its SoV by essentially inflating it. Cornering Bitcoin as a SoV is an attack vector.",
"sig": "790b50598bfda4e0962a9f852cee9ce29777eef5949001d76ce9bb4289dea6dca18fa5b61563d16a08b037647ced87168dd4b6e22bcaae96fd0677d7adeae6d4"
}
