Replying to Avatar StackSats.IO

#[5] has pulled his argument apart and I find that far more compelling than Lowery’s “weapon” line.

If I were a statist and wanted to defend fiat against Bitcoin, I’d seed the notion that it’s a weapon and get the Cult of The Current Thing supporters to buy in. Same as I’d attack it from a “climate change” angle on PoW as Greenpeace have taken money to do - it’s riling up the same idiots who will do the State’s bidding and demand it be banned in future.

Bitcoin is supposed to be the “don’t trust, verify” community and yet this guy making the case that it’s a weapon to the POTUS / rest of the cathedral has been embraced and not questioned nearly enough.
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thinkgreen147ce3cb68e 2y ago

You make some good points. I would agree the biggest risk to bitcoin is misinformation. Cool thing is bitcoin is not restricted to any one nation. Any BS narrative that starts getting spun up can be easily refuted by pointing abroad where adoption is real and helping people survive. It’s a weapon alright. A weapon for freedom and prosperity. Ask people in Nigeria, Lebanon, etc.

They’ll try to disparage it but it’s a losing battle. Bitcoins already working it’s magic bringing power to the plebs. Proof of magic is ever growing.

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StackSats.IO 2y ago

The biggest risk is the State. Always, and in all things, but especially with anything that threatens the power of the State.

You can point abroad all you like, doesn’t change anything.

I can point at everyone else being able to play online poker and how no civilisation has ended because of it but the Nanny Statists here in Australia have determined it must be banned, so it is. And sure there are ways around this but it doesn’t unban it, for all intents and purposes online poker is dead here as a result.

Just because it’s impossible to ban Bitcoin doesn’t mean the State won’t do it, or that doing so won’t hurt Bitcoin either.

Inviting the Fox in to the henhouse and praising his brilliant ideas of how he’d like to cook dinner doesn’t seem like a particularly bright thing to do..