@cryptocracyOnNoiseApp 19 August 2022 more from that month

The percentage of BTC supply has been stationary for longest period of time in history. In other words, more people are holding bitcoin for long durations relative to the number of people holding bitcoin. This indicates a greater trust in bitcoin. Ethereum Foundation says Merge will not reduce gas fees. Sixty-nine percent of Ethereum nodes are hosted on three centralized cloud service providers and more than half are with Amazon Web Services (AWS). I’m beginning to realize that, in the real world, no matter how decentralized a blockchain may be in its purest state, some level of centralization is unavoidable. Coinbase CEO Brian Armstrong says he would shut down Ethereum staking rather than censor transactions. JPMorgan says Coinbase will be a meaningful beneficiary of the Ethereum Merge. If Coinbase doesn’t shut down Ethereum staking, its ETH holdings will greatly benefit the exchange. On the other hand, if Coinbase is pressured by authorities to end ETH staking, it could injure the exchange tremendously—in more ways than one. On another note, Coinbase says USDC will be the foundation of a new era in financial services. I’d go one step further and can see a scenario where the Fed says we don’t need a central bank digital currency (CBDC) if Congress elects to regulate stablecoins. In that case, USDC could become the de facto stablecoin of the U.S. government. https://read.cash/@cryptocracy/people-are-holding-btc-longer-now-577ca782