RamenCoffee on Nostr: He can think he's buying himself time, but in effect, he's buying us time and buying ...

He can think he's buying himself time, but in effect, he's buying us time and buying power.

If he monetizes the asset as a gold-like asset, the network is still permissionless and we can still settle transactions without anyone beig able to stop us.

Functionally, it doesn't matter that he sleeps on his growing pile, all it does is give a market to settle for dollars at the end of the day.

He can never have a say about like e-cash settling on Bitcoin or LN or whatever.

In the end he's fulfilling his role in the ecosystem and we are fulfilling ours.

nbd really.