Hacker News new | ask | show | jobs
by 0x4f3759df 2859 days ago
I expect the money will come from Wall Street once adequate custodial / regulatory framework is in place.
1 comments

Wall Street wants to trust it's money to miners in China? The whole mining concept is ridiculous, but they have probably done stupider things so it could happen.
> Wall Street wants to trust it's money to miners in China?

No, but it will happily take a commission selling you a Bitcoin or Bitcoin derivative.

The latest Trace Mayer podcast is worth a listen: "Wall Street veteran Caitlin Long discusses the sixth network effect of financialization with Wall Street and institutional investors." https://www.bitcoin.kn/

Also Bitmain is basically insolvent.