Why do everybody awaits their golden knight Wallstreet, Winlkevii ETF or other 'big' companies to save them??
Do you really need those fuckers to come? Bitcoin is free, is decentralized, anyone can join. I'd prefer 10,000 new peasants with $100 each instead one big, psychopathic company to join.
I agree with that but on the other hand mainstream adoption will happen faster with Wall Street jumping in.
Ironic isn't it? Makes me start to think that all the idealism I've read about BTC since 2011 was from a bunch of people looking to get rich; that nobody truly cared about decentralization in the first place. It was just a proxy.
Bitcoin development is pushing both ways. The mainstream way and the honeybadgers way which is ironically making bitcoin even more decentralized and robust and is also part of the open and inclusive nature of the network. Making money out of it is part of the incentive mechanism from the whole beginning.
Were you expecting anything else?
Yes I was/still am, but the problem lies in the decentralization. You cannot have decentralization without trust and without trust, you can not have anonymity. What is happening now is the requirement of anonymity is being defined on the corporate level only. Infrastructure is being built that ties real world personal data to blockchain transactions/wallets/etc. on the level of companies that interface between users and miners. These companies hold massive data on the financials of most users (US at least).
I.e. Individual anonymity is not respected, only infrastructure level. Centralized services are "safeguarding" your anonymity (KYC/AML/linked bank accounts/CCs) under the premise that business through them is "safe."
Essentially, this is required for mainstream. I understand this, but it really takes away what BTC technology could do for people, but they are too foolish or naive to see it/care.
Fiat is not going anywhere, but a restructuring and new application from it's controlling powers is underway.
I prefer to do business off exchange when I need actual fiat toilet paper. Also, it's pretty obvious that a millionaire buying in wouldn't want to do it on exchange due to the slippage. If that isn't obvious to you then there's not much for us to discuss.
