Is BTC even decentralized if it’s 100% transaction traceable?
Wow. I just read the other 35 comments answering Lyn’s question. In a nut shell, this “freedom tech” focused cohort (Nostr) agrees with nearly perfect homogeneity that in 20 years we will live in a dystopian world of monetary and communication centralisation.
🤯😢
Why would they even bother with Bitcoin, I wonder outloud? 🤨
nostr:nevent1qqsx08qqv7def7w94k2qen8lmydk6ywmzmkpsh4gsw7l7ljn3w7zmng8ea8y3
Discussion
If it hasn’t dismantled the control apparatus of “the state” then no, it won’t be truly decentralised and it will fail even as a SoV. Let alone, MoE.
The 2 systems are diametrically opposed. One MUST outcompete the other out of existence.
It just shocks me that so many here view these centralising forces as permanent/immutable.
Completely antithetical to the “we are winning” meme.
Yes. Decentralized, secure, uncensorable, and private are all unique traits. Bitcoin on the main layer is optimized for the 1st three without concern for private. Privacy can be implemented on higher layers.
Higher layers don’t currently exist.