Oddbean new post about login | logout Come on dude. #bitcoin was created to eliminate middle man. This narrative is only gonna harm further adoption. Holding all of your #bitcoin on Coinbase is the biggest security hole. If he was truly dedicated towards #bitcoin corporate adoption, he would have atleast proposed solutions on individual companies custody solution using multi-sig rather than creating a giant honey pot.
Don't hate on me. I didn't make it. I agree it's supposed to eliminate the central banks. And he never said it wasn't meant to be sent peer-to-peer as you suggest. In my opinion banks (middlemen) are not the problem. The problem is central banks given the license to print money. Saylor cannot print bitcoin - nor can Jamie Dimon. If people are okay with the counterparty risk, that's their freedom. And realistically - the majority of people who are walking the earth do not want that responsibility. Sad but true. And most people holding their own keys would be more of a risk than a bitcoin bank rugging them.
Dude I’m not hating on you😂. I totally agree with what you have said. My meaning of middleman was rent seeking business. I never said banks won’t be there but I’m saying that every individual, corporation, ETF provider and banks should have power to hold their own keys rather than trusting a custodian like Coinbase who will eventually bend their knees to US government.