“Gold led to the US dollar… because gold was captured when everyone left it with custodians. We have to fight that as Bitcoiners, or Bitcoin becomes a meme coin like gold. I worry we’re heading toward everyone putting their Bitcoin into exchanges… or ETFs.”
~ Chris Guida
🔗 Fountain: https://fountain.fm/episode/B0ikzDcSo0szmY1oC0QK
🔗 YouTube: https://www.youtube.com/watch?v=rPNCFbfdUUo
🔗 Rumble: https://rumble.com/v71lx0o-chat-150-why-we-argue-with-chris-guida.html
https://blossom.primal.net/614f38d7215f7f7cc3b7521785fbe45431f15cfca28c20195310e98390e59316.mp4
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Replies (8)
Sponsered ny LEDN?
So much easier to fight this issue with bitcoin since the reason gold got captured was because it was too heavy to move, required too much space to store at home, and wasn't easily divisible. Bitcoin solves all of these problems.
Of course, unless we address it, Bitcoin code can just be change to change its monetary properties, and become no different from the other shitcoins.
He's right. Thats what they want. Not to hold but to custody with them. ETFs are not for us, they are for the issuers
Hi Guy, see this idea and please help share it if you like it: https://bitcoinawareness.substack.com/p/suddenly-could-happen-now-if-unit
That's why we do Monero, Guy.
Self-custody enforced by government bans.
Been hearing this for more than a decade now… still waiting.
Yeah, had a show with them some time back too. Mauricio is a really cool dude