One of the more beautiful things about a truthful, decentralized and secure protocol is that it imposes a self inflicted pain on those who try to control it, cheat it, or corrupt it for their own self interests.
#Bitcoin
Discussion
Bitcoin showed if you lie like FTX and SBF did, you will be financially punished
Bitcoin worked
Many more will try - many more will fail. Warren and banking establishment backing her are only today’s SBF’s.
It's going to be fun to watch, Warren and the Bankers, when they find out just how much power they really have
It's going to be a 5 Stage of Grief humbling experience for them
They can't stop Bitcoin but they will influence how people use it.
The Bitcoin network relies on businesses for it's infrastructure, users rely on mining pools, LSPs, custodians... All regiter businesses who will follow the laws and regulations, and so will their customers.
💯🎯
That’s what we’re all counting on, and hoping against hope that this bears out.
Because, as humans, we need a win right now.
Love this dynamic!
Or equally it holds the author of posts more accountable
Ie cost
Say something wrong, untruthful, deceitful, then you simply cannot delete it
This is a feature not a bug
First few days of Nostr only & learnt so much
This fact is one great idea that I love
Wish the same could be said for USA politics atm. What a shit show. #BTC will solve this - but would be nice if we didn’t have to see everything burn down first.