Gm & Pv #nostr 🌞☕️

I think there’s been some interesting conversation and difference of opinion when folks say “Bitcoin could be co-opted.” Let me be clear, from my end, I do not think in any way a 51% attack, or any other attack will happen at the protocol level, some sort of government “ending” Bitcoin or anything like that. IMO that ship has sailed.

However, let’s define co-opt:

“Divert to or use in a role different from the usual or original one.”

It’s more a choice or attack from within that I would argue we should be on guard against. I believe Bitcoin is Bitcoin because it is permissionless, censorship resistant, better money that YOU control (via your own private keys and UTXOs)

If someone “uses” Bitcoin in a way that is not composed of the above, I think it loses its ultimate value and purpose.

I do not feel threatened that an ETF exists. That was inevitable imo. I do not feel threatened that ordinals exist, that too was inevitable (they are valid transactions). But to say that Bitcoin NEEDS these if it were ever to grow is complete bullshit to me. With more time and studying bitcoin and the problems we face in this world, my conviction has grown that these things, albeit NGU in the short-term, are still distraction from the what and why of Bitcoin!

I would like folks to study and be educated on the what and why of Bitcoin, not so I tell them what to believe or how to use Bitcoin, but so they see what we’re really here for: separating money from the state, resistance money, rules not rulers, permissionless, censorship resistant, better money, a parallel system to the fiat rule-by-wealthy-1%-elite world.

We still have a lot of work to do.