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.