This space is suffering from a problem of inverted perceptions. What makes Bitcoin valuable in the first place is its decentralized nature. The fact that it is a distributed system, with no central point of control, no central point of influence, not even a central point of interface for its users. This is the source of its resiliency and reliability. Without this property, without the ability to simply download a piece of software and start interacting with it, there is really no value to be found.
It’s fundamentally no different from a bank database at that point. No one can be guaranteed access when someone (the operator) wants to take it away, no core properties like the supply cap or inflation rate can be guaranteed when someone (the operator) can change them at a whim.
Many people in this space cheer on the erosion of these properties at this point. They champion solutions like ETFs and other custodians as a pathway to pumping the price and increasing their own f
We współpracy z: https://bitcoinmagazine.com/takes/upside-down-world-spooks-are-heroes-heroes-are-spooks
