Why Nostr? What is Njump?
2024-05-17 13:09:34
in reply to

ThatGuy on Nostr: Yep, this is to be expected. Let's be honest here, if (as) this continues, do we just ...

Yep, this is to be expected. Let's be honest here, if (as) this continues, do we just replicate the gold/silver paper markets with base-level bitcoin? I don't see many new "bitcoiners" scrambling to secure their private keys, just like (hisorically) I don't see many investors in gold/silver going through the process of self-custody. On average, people are sadly ignorant, bitcoin can't fix ignorance. So, what are the next steps to prevent paper bitcoin from destroying actual price discovery? This problem has not been solved for the other forms of honest money.
Author Public Key
npub10p92ekv52gmvx9l9rd9dccdy5t90ckdx6xme4vw34gqjgg3jc44qsj89ky