Gun to your head: would you rather see increased adoption through custodial wallets or bigger blocks?
Don't give me cop-out 3rd option pussy answers. Just play along in my hypothetical scenario in wh...
Easy. Bigger blocks.
Custodial wallets mean surveillance, confiscation, fractional reserve, trading against the customers/population. Store of value/max supply doesn't mean anything when governments allow entities to go fractionally. Especially if 99% of activity takes place between custodians you could just sign up for the CBDC.
Bigger blocks only become dangerous when only Google, Amazon & co. can run the data centres like with all proof-of-stake coins today.
But that is much further down the road and technical progress plays into our hands as a smaller or bigger offset of the negative consequences.
#Bitcoin #Monero
Custodial wallets mean surveillance, confiscation, fractional reserve, trading against the customers/population. Store of value/max supply doesn't mean anything when governments allow entities to go fractionally. Especially if 99% of activity takes place between custodians you could just sign up for the CBDC.
Bigger blocks only become dangerous when only Google, Amazon & co. can run the data centres like with all proof-of-stake coins today.
But that is much further down the road and technical progress plays into our hands as a smaller or bigger offset of the negative consequences.
#Bitcoin #Monero
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