Don’t underestimate the fact that all market prices are spoofed.
Discussion
You have the right to set your own price on p2p exchanges my man. Nobody is stopping you from putting up your bitcoin for sale at $100m a sat. Nobody would buy that today unless you market some rare sats campaign, but your point has moved from CIA anxiety to kyc bitcoin price manipulation. Losely tied at best and plenty of viable opt outs.
I’m talking about the entire Bitcoin movement - the code, the origin, the media, the influencoors, the conferences especially, and the market price.
Except ordinals. Those seem like a challenge by a competing state actor (Israel?).
And it should be noted that none of what I’m saying discourages me from holding Bitcoin as a primary reserve asset. I just think it’s worthwhile to be honest about who we’re in bed with.
Based. I get the concerns. I'm actually more concerned over the intentional lack of privacy in bitcoin, especially after what happened with Samouri. It's pushed me towards #Monero for that reason.
Monero is another good data point. Objectively better privacy, and amazingly for some reason no one wants to put it in an ETF 🤔 oh and devs go missing etc
Fwiw it could be argued that a public ledger for large balances is a feature not a bug. Holding exchanges accountable has been a nice feature during this early adoption period. Holding nation states accountable for their holdings might be in the future as well. I’m not 100% sold but it’s at least a thought.
Check out Spectre