I'm still not worried about Bitcoin being corrupted just because more centralized custodians are popping up. The institutions might be technically in control of the keys, but they are still legally bound to protect the funds of their clients.
The hacks will continue, and security will ramp up in response. In my mind not much has changed. These open networks are open, and we don't get to pick and choose who is allowed to hold tokens. It makes sense during the transition period of Web2 to Web3 that centralized custodians would be hugely popular. Let's see what happens after a few of these honeypots get hacked.
That being said I did write this one in 2018:
The great dragon of Bitcoin is about to be slain by the White Walkers.
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Oh I dont think the security is lessened by any stretch. Bitcoin is still highly secure with more miners and hashrate happening each month. The network itself is growing in terms if Satoshi's vision.
However, as a pathway to freedom, I think the other projects are the one's that are leading the way. They will create more value and tokens, over time than Bitcoin.
A lot is happening right before our eyes.
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