Re:Bitcoin core developer claims to have lost 200 BTC in hack
by repomies69 on Monday January 02, 2023 @10:02AM
(#34218586)
> The difference between Bitcoin and TradFi shrinks every day.
Bitcoin is a protocol, I assume TradFi means traditional finance companies. The companies that deal with Bitcoin shouldn't be different from TradFi to begin with (and that's a good thing). They are typically holding and handling assets (Bitcoin) on behalf of others and philosopically I see only little difference whether you are doing that with Bitcoin, with physical assets like gold, or digital database rows like equities or bonds.
Using Bitcoin in a self-custodial manner is something else altogether.
Bitcoin is a protocol, I assume TradFi means traditional finance companies. The companies that deal with Bitcoin shouldn't be different from TradFi to begin with (and that's a good thing). They are typically holding and handling assets (Bitcoin) on behalf of others and philosopically I see only little difference whether you are doing that with Bitcoin, with physical assets like gold, or digital database rows like equities or bonds.
Using Bitcoin in a self-custodial manner is something else altogether.