Thread

Does Coinbase run 25% of the miners and nodes? Who cares how much they own.

He's covering for us to the 3letters

So, they only failed in 2017 because they didn’t have 25% of the supply? Idk about that The company itself doesn’t own much if any bitcoin on the balance sheet. I don’t see the incentive either, they do pretty well with their current business model operating a shitcoin casino

Are you sure you’re not just trying to sell me a hardware wallet?

I don't think that's an issue. Miners would have to follow as well. Coinbase could go fork themselves all they want but even with large custodial holdings they wouldn't have the mind share necessary to make others follow. To me, people are just upset because he talked rudely about crypto anarchists and went on a weird tangent about selling hardware wallets through fear. Nothing burger.

If Bitcoin forks like this we'll all get so rich dumping those shitcoins to the suits

Blackrock, Fidelity, Coinbase, Microstrategy, etc… these are all the same heads of a corporate hydra.

First thing I thought when he made the disagreeable comments about hardware wallets was what’s his incentive? Oh yeah didn’t he talk about a long term goal of becoming a bitcoin bank? Makes sense. My second thought was thank god for NVK and the Coldcard

I was never on the Saylor wagon but lately, after his appearance on The Bitcoin Standard, and now this…

I love when nvk post controversial takes likes this it’s good for the community

He isn’t correct on 6102. They brought in the gold under threat of $10k fine or/and 10 years in prison.

Those greedy hardware wallet salesman!

Replace Coinbase with US government. It’s them holding 2M #bitcoin

He isn't correct about 6102 because the banks already controlled the gold when they moved to Fiat. I'm sure some people involved in the Gold Trade got screwed, but essentially the same group of elite stayed in power. You're talking about displacing that elite with a new technology and you don't think that they're going to respond violently?

Neither blackrock nor the miners decide the fork. The nodes do and I don’t see node runners going against their best interests…

25% of supply is > 5M bitcoin. Possible? Maybe. As for Saylor, he has to be acting this. I don't believe he is genuine. And it is triggering the reactions necessary to wake us all up! How to live in a world without finance laws? What can you trust? View quoted note →

Just use his bitcoin bank like good little lemmings 🤣

Monero fixes this 😂

Why are large holders making decisions about a fork? Nodes and miners typically make these decisions together. For example, if a company holds 50% of all Bitcoin, but doesn’t transfer them on the mainchain. Miners would have no incentive to support that chain, or follow the company’s opinion/ideas. Miners follow the chain that offers the most fees, and the chain with the most individual users would likely generate the highest fees together. Or am I missing something?

Agree. The question is, do we have enough real bitcoiners in those companies once that gonna happen.