Subnostr

I guess to protect newbies from shitty coins. Monero is pretty much the nerd version of Bitcoin. A lot of OGs from Bitcoin know Monero and see it as a supplement that does not adhere to regulations at all. Regulations are a double-edged sword. Bitcoin is trying to be the Trojan horse. By the time the bureaucrats realize that Bitcoin cannot be manipulated in this way, it will already be too late. However, there are also dangers in dancing with the devil.

Nobody 1y ago

I believe it's been too late for quite awhile at this point. I think its price performance over the past fifteen years has been proof of that. Also, state-regulated infrastructure has been in a state of decline for far too long already, which I believe will continue to force people to take notice of Bitcoin. Whether or not Bitcoin will simply maintain its status as a stable investment asset or become this Trojan horse of a currency, as you mentioned, is certainly debatable. There are certain scenarios that involve the use of ICBMs that many naively believe are beyond consideration. If this ever happens, then bitcoin is worth nothing. 🤷‍♂️

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pcre 1y ago

"Also, state-regulated infrastructure has been in a state of decline for far too long" You got a good point there. That's a really valid point. At least in Western countries. They will try anyway. The inflation tax is simply too tempting. Something will come - taxes on fictitious Bitcoin profits or something. Nobody knows for sure. The more data they have, the uglier it will get. Let's hope the institutions are overwhelmed by everything when the time comes. They can't take your Bitcoin without your consent, that's pretty sure. Not like the Dollars they took away from Russia.

Nobody 1y ago

That's true. Most things seem to be up in the air at this point 🤷‍♂️. I think one thing is quite certain though: state control (and perhaps some corporate control) will begin to implode... one by one.