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@ Guy Swann
2025-02-24 02:09:07
Yeah people completely discount that the ability to scale ownership of Bitcoin and gold are opposite. Sovereign ownership of billions in gold is 10000x worse than a few coins. Sovereign ownership of a billion in Bitcoin is easy, cheap, and can be protected with all sorts of unique multisig and timelock conditions that could complicate TF out of theft or confiscation.
If we don’t understand and account for, that then there’s no way to have a realistic view of the risk and/or how things are likely to unfold, imo.