“Much of the ecosystem you see flourishing – not just in Switzerland, but also abroad – is probably going against the initial idea of the crypto anarchists … We see a rather centralized ecosystem … Clients trust the banks, not the DLT”

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Hmm. Why are coins falling off exchanges at a historic pace, hard wallets selling like mad, self-custody education percolating, and nodes on the LN growing exponentially? The majority of coins are held in self-custody. That shows no signs of reversing. Here’s a prediction: if the US doesn’t amend legislation for the space before January 1st 2023 when the crypto laws they rammed into the first Infrastructure Bill go into effect, you’ll see 3-month hard wallet waitlists, exchanges limiting withdrawals, and the volume on bitcoin DEX’s like Bisq quadruple.


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