"in order for the crypto industry to move to the next level we need adult supervision. Were going to need big banks to become the crypto custodians."
WTF KEK
"in order for the crypto industry to move to the next level we need adult supervision. Were going to need big banks to become the crypto custodians."
There's no such thing as crypto, there's Bitcoin and that's it.
Bitcoin is a joke
It's called USDT. Look it up.
DeCeNtrALaTioN
No way he said that
say goodbye to your shitcoin rugpulls, poojeet
"How- how many chairs are you sitting on right now? Are you all-in on the chair? Like- like the point really is you put on one pair of glasses, you got one pair of- of airpods right now, you're looking at me through one screen, you're using one microphone, that's a one microphone, can you trust it? Is that conviction? Seems kind of scary, why don't you diversify, why don't you use ten microphones? The point really is: things in your life- d-do you drive ten cars at the same time or one car at one time? Do you drive down on one street? Aren't you afraid that you're driving down one street? Do you take a different way, you know? Eh, so my point really is: if you're in ing- you go in one airplane? Are you convicted? You put your entire family into one airplane, aren't you afraid? Ultimately, if you're a rational individual, do you use- when you use knives, do you have copper knives, wooden knives, steel knives, aluminum knives, rubber... band... knives, diamond knives because you're afraid to commit to the right knife? It's a- it's a tool."
Bitcoin is decentralized it will never work for big banks to hold it for big companies. It will end in disaster for them. It's meant to be held by the individual person/company until someone eventually fucks up and losses it forever.
nigga bitcoin banks have to happen. (they already exist actually) most people can't be trusted to safely manage their own private keys.
And companies cannot be trusted to hold private information, there's leaks every X years even by the biggest companies. Good luck having your data leaked next to your holdings. Crypto is retarded.
wrong
right
I saw this on Twitter and btc maxis were cheering it as the best video ever. Really gets the noggin joggin
Lel
If fdic insurance would cover them then it's a good thing
>bank custodian loses the privatekey
>fed has to print more money to rebuy the bitcoin from open market
its genius
that's true and likely
saylor just cares about his bags, but he's not alone. the next few years in crypto are going to be make-or-break for the ideologues as big capital comes in. we'll all find out if these systems are really as resilient as we imagine
Kraken now has a banking license boys. Why are you surprised, this was the plan all along.