There's plenty to take apart in the recent European Central Bank blog post on Bitcoin's 'last stand,' as gckaloudis writes in this weekend' Crypto Long & Short.
On the latter, banks have enough reputational risk on their own. Two examples:fraudulent sales practicesSure, this doesn’t mean there might not be reputational risk for banks associated with promoting bitcoin, but surely there’s a reputational merit outweighing this risk if bitcoin works out and customers make money.
In summary, I think this blog post is just that: a short blog post that isn’t meant to represent anything definitive. I look forward to a more thoughtful, wholesome report on bitcoin’s march to irrelevance by the ECB in the future.firm called Casa added support for the Ethereum blockchainCasa enables customers to create digital vaults to store bitcoin and bitcoin only. Think of it as a safe, but digital and specifically for bitcoin. Now, Casa is enabling customers to also store ether .
Listen, I’m probably the last CoinDesker who would talk to you about the viability of blockchains for anything, and I’m also probably the last CoinDesker who would tell you what you should do and how you should do it. But I think the view that Casa’s move is somehow emblematic of the poor character of its founders or an attack on Bitcoin is patently absurd.
Casa made a business decision. Customers wanted ether vaults, so Casa sold them ether vaults. If you don’t want an ether vault, don’t use an ether vault. Casa still offers bitcoin vaults, so use that. Or don’t! Use a competitor product or create your own. Casa is not forcing customers to do anything.
As with all my takes, this one will no doubt make me immensely popular, but in the words of Casa Chief Technology Officer Jameson Lopp,
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