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It feels like Bitcoin has finally crossed the Rubicon into the mainstream both a triumph and a tragedy.

Walking around the conference this year, you could easily mistake it for a fintech summit or SaaS expo in Vegas. Same blazers, same VC pitch decks, same awkward networking energy. The suitcoiners outnumber the cypherpunks by 100:1.

On one hand, this is what we fought for: global legitimacy, serious capital, institutional attention.

On the other, something’s been lost in translation. The raw edge, the revolutionary energy, the sense that we were building something against the system not polishing it up to sell it back to the system.

Bitcoin doesn’t feel quite as dangerous anymore.

It feels… professional. Predictable. “Respectable,” even.

Maybe that’s just the mask Bitcoin wears while it continues hollowing out the old world from within.

Either way, the vibe has shifted.

M0053 7mo ago 💬 1

It probably feels like that because of where you just were.

This feels like a case of "Nobody goes there anymore it's too crowded" or "Colorado was so beautiful when I first moved here from California, but now everybody from California is moving here and ruining it."

I remember that video somebody posted that on the Bitcoin talk forums. I think the song was called "Jump you fuckers". And the whole idea was that Bitcoin was going to make all the backers jump out of windows like 1933.

But I also remember that post that Hal Finney made that foretold bitcoin banks. It was well before that video. Hal was obviously a futurist... he could see.

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Discussion

M0053 7mo ago

pressed post too early.

I don't mean to say that we aren't losing something of the original community of upstart ragtag bitcoiners.

What I am saying is, it was always going to be this way. If Bitcoin would be anything close to what the original vision set out, it was going to go this direction. We've been rooting for it.

And it is definitely scary to see the world's biggest scammers coming in to this project. But again, it was always going to be that way and it always has.

To think, shitcoinery was not going to be part of this cycle? Well, what happens each cycle is the old shitcoins fall down the list, and the new ones rise every time. The new shit coins just look a lot different this time.

And I still think Bitcoin is a Trojan horse. Get all the money into it and then watch what happens. Either they can break it or they can't.

I think they can't.