The problem with these guys is that they cannot get their heads around the concept of having value outside of the approval of governments, which is the main point of Bitcoin.
Oh, they surely can. It's just people here thinking they can't, which is a completely different story. It goes up for Warren Buffett and Bill Gates as well. Do people seriously believe these entities don't know how things work? Come on. People here really need to grow up.
The whole point here is that they
don't want people to store value outside centralized prisons where governments or corporations can't seize/freeze your funds. If people get to know what Bitcoin really stands for and makes everything around it pretty much obsolete, it's a massive blow to every business in the same field potentially. Banks and PayPal & co have never thought to face something like Bitcoin that you can't stop.
LN is the difference that will potentially be the fatal blow to them. Bitcoin as digital Gold is something they can somewhat handle since it's not a good form of money right now. If Bitcoin gets its currency aspect together, oh boy, brace yourself for the shit that Bitcoin will have to eat through.
I unironically think that, at least some of them, cannot fathom the concept of storing value outside of government approved assets. Most of them also say gold is mostly trash, like Mark Cuban for instance, but he says that at least gold is used for some physical stuff, but the speculative part for him is trash because he cannot fathom the government going south.
Sure some of them get it and see it as a threat.
For me Bitcoin is already as good as it gets. If LN works out, that's just a bonus. I hope it all goes well and we start seeing it competing with payment procesors but again, difficult to compete with centralized entities in terms of speed and so on.
People need to get that what makes Bitcoin valuable it's already there. LN is an extra.
Also funny how none of these that think it's going to 0 open shorts. They always find some excuse to not short it. At the end of the day they are scared and not sure about their prediction.
