If you thought there wonât be attempts to control it you were naiv. Of course they will try, and they are, but to say âBitcoin has failedâ is very premature.
Bitcoin is not even close to have failed.
I agree that KYC mining pools are steps in the wrong direction, but as of right now I canât see that this fight is over. Itâs just getting started.
Of course they are trying to destroy Monero, delisting, making it illegal, flooding the network actually and it will continue in the war direction, but their KYC shit is useless and that's a big deal, it's really anonymous, we don't know the sender, the amount and the receiver. Fuck them we have something working as intended, a private digital cash, no need of layer 2,3,4,5,6,7,8,9... It's just working "out of the box" and the DarkNet know it, more of that, easy to use, Monero is ASIC resistant too, no mining centralization, no big companies with mining farms, it's you and me, because this is working like it was in Bitcoin's early days. Maybe Monero will succeed where Bitcoin failed. Let be the history.
For Bitcoin, I don't see how it's possible to reverse the situation, how taking back the control of the mining? It's pretty like in Ethereum, 40â of the validators are censoring withe OFAC blacklist and it's impossible to change this, Ethereum is a foundation, one day the Government will eventually force them to do even worse, not beeing anonymous is so risky and Satoshi knew it of course
Bitcoin, Monero or anything else, all of us need to go in the good direction, more privacy and self control, I hope Bitcoin will go that way, I hope Monero will survive, I hope more decentralized social network like nostr with anonymity, more communication systems like Signal, Session, more anonymous VPN đ
