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So, we build and promoted Bitcoin to protect ourselves from nation-states.

Right now, you are all getting wet because a nation-state is deciding to buy a lot of bitcoins.

Thanks to this, the very same nation-state will become even more powerful than what it has ever been and will fuck you in any possible way.

AND YOU ARE CHEERING.

Where is the cypherpunk ethos?

Where are the crypto-anarchist ideas?

Where is the focus on the Right to Privacy?

You just want to pump you bags. And that’s disgusting.

Fuck off.

#Bitcoin #nostr #Trump #btc24 #privacy

BTCFalk 1y ago

Absolutely on your side... But disagree on the "more powerful then ever"

Doesn't matter how many Bitcoin they have, they can't just print more of them

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Discussion

tuma 1y ago

True. But think about the value that bitcoin will have in the long run. They will have a huge amount of money. We must be ready.

ede3d957... 1y ago

They will fractionally reserve the shit out of it, like we've seen with Monero. And as most people will use BTC in custody this will affect BTC in a huge way.

US going strategic reserve and allowing custodians to go fractional, will destroy the investment properties of BTC (price suppression) for at least a decade.

Luckily Monero got delisted from CEX.