Ah OK,
So if i can reword it to confirm i understand:
If treasury companies succeed in centralizing bitcoin the systemic risk is that they will have to fork to make the debt built on top solvent
Could an mstr win by collecting the bitcoin using the debt and defaulting on the leverage on the fiat currency if bitcoin remains decentralized and secure?
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Doubt it - becomes too intertwined and is a part of default inflationary system.
Investors, government, bonds, stock market, etc etc.
Payments is the way they “might” get their cake and eat it too - but how many people will spend it versus getting interest.
Incentives matter.
Interesting,thanks you for for the lesson
I appreciate how you always teach me so much