I spoke at a big bitcoin-adjacent company this week and one of the best questions was from someone who asked what the downsides of bitcoin adoption might be.
I always do appreciate these steelman que...
Because self custody and owning your own keys is such a prominent narrative in #bitcoin, we might find that security becomes an issue for individuals.
If you are your own bank, wich is probably a good thing, where does the bank robbers go if the money is not in the traditional banks any longer?
My brother-in-law is a very successful businessman and I eventually orange pilled him after a few years. He went all the way to cold storage when he had his 1st coin and took the security very serious, more than I am use to see amongst bitcoiners.
So what is my question?
If #BTC goes to the market cap of gold, it would be 18-20X from the current price, do we then look at security differently or do we start now and prevent risk to ourselves and our families?
Thank you for your insight @Lyn Alden , always great to read your work.
DrLuke 🩺
If you are your own bank, wich is probably a good thing, where does the bank robbers go if the money is not in the traditional banks any longer?
My brother-in-law is a very successful businessman and I eventually orange pilled him after a few years. He went all the way to cold storage when he had his 1st coin and took the security very serious, more than I am use to see amongst bitcoiners.
So what is my question?
If #BTC goes to the market cap of gold, it would be 18-20X from the current price, do we then look at security differently or do we start now and prevent risk to ourselves and our families?
Thank you for your insight @Lyn Alden , always great to read your work.
DrLuke 🩺
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