“The underlying and already highly successful strategy is to prevent Bitcoin from becoming a widely used P2P payments protocol that could threaten the fiat banksters MoE hegemony...and most Bitcoiners are blissfully unaware, bedazzled and diverted from revolutionary zeal, by speculative gains.”

https://stacker.news/items/807801/r/halalmoney?commentId=808309

Reply to this note

Please Login to reply.

Discussion

Here's the thing some people still haven't grasped (maybe even those who seek to control it). Bitcoin is permissionless.

While this is true, they can't stop people using it for P2P payments. The only thing stopping this becoming widespread is the number of people willing to accept Bitcoin as payment.

There is no dollar value massive enough where this becomes false.

There's no minimum number of Bitcoin in circulation required to trade with it.

Productive people must be willing to exchange their time & materials for it.

Whales buying it up while minnows stack kyc. Rug, rince repeat.