Nostr Web Client

Very much agree with this meme. It is inevitable that states will create strategic reserves of Bitcoin according to Gresham's law, but it is very stupid for Bitcoiners to applaud it.

Bitcoin is for the good guys and for the bad guys blah blah blah, but if the majority of Bitcoin is held by the bad guys we go back to the idea of the money changers of the 15th century, since then they control gold, unfortunately most Bitcoiners despise history and have learned nothing, you have had 15 years to accumulate as much as possible, time is running out and history seems to repeat itself.

Reply to this note

Please Login to reply.

Discussion

Dr. Fernando Morales 1y ago

Maybe we can get an ancap in power to lose the keys in a boating accident.

TheRealFaketoshi 1y ago

ooof. this meme.

Rakan | راكان 1y ago

nostr:note1fugpuywj4qpdjqfq0psknkux3vem2lyvaglqpejyphj67m9czc3qm3kxnr

Another Paranoid Crypto Anarchist 1y ago

Eventhough there is lot of paperhands, tourists, investors, etc., there is very small fraction of btc governments can compete for.

🤔

Another Paranoid Crypto Anarchist 1y ago

I think that, lets say "test run" for gov adoption worldwide, might be ETFs, when we hit "no supply" time.

🤔

FiddleHodlHomestead 1y ago

Yeah, I don't applaud it but I'm not sure there's much i can do about it.

Bitman 1y ago

Don't be a cuckold bitcoiner, be a sovereign bitcoiner who self-custodies his own key, runs his own node and doesn't give a shit about the state. 🫡

SuiGenerisJohn 1y ago

Are there any good statistics or estimates on historical aggregations of wealth like who or what entity controlled the wealth of the world or this or that sovereign or incorporated entity at a given time?

Cyph3rp9nk 1y ago

Thomas Piketty's Capital in the 21st Century, although the author totally misses the cause of capital accumulation.

SuiGenerisJohn 1y ago

A number of years back I got about halfway through and put it down maybe I’ll go back just to review the stats I’m basically an entire different person in some ways now.

alp 1y ago

💯

Weren't we supposed to separate money and state?? Or free ourselves from these mechanics?

nostr:note1fugpuywj4qpdjqfq0psknkux3vem2lyvaglqpejyphj67m9czc3qm3kxnr

TK SuitCoin.exe 80HpW 1y ago

I see so many of you poopooing the meme below as bitcoin is CO-OPTED now. This is literally the most nihilistic view about it. The entire purpose of bitcoin is & always has been the final boss that is the federal reserve, were at the final boss & yall actin like bitches

If bitcoin was never able to defeat the federal reserve then we were never meant to do so. Mount up, we ride to the end together. There are always more of us than of them, this was always the game plan lets grind to make sure it succeeds.

Its our only shot at making things right in the world. The supply of bitcoin is VASTLY in individual holders hands. We outnumber them easily. Remember true economic action is what determines the network. They can shoot thier UTXOs off to whatever fork they like but if they are doing so to influence fork decisions it can not be sustained. This is why your local peer connections are invaluable off ramps to getting the fiat you need if and when need be. Don't sell on these exchanges that inevitably sell to these mega corps. Sell to others hodlers that will keep it going.

nostr:nevent1qqsy7yq7z8f2sqkeqys8sctfmwrgkva40jxw50squezqmed0djupvgspz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsyg8u7u9ytnagzl42syaeh29rwht385ckna9z0u7u4s75jyfd7e7n0cpsgqqqqqqse9yhhr

McCoy 1y ago

Just never sell for fiat. Make the government give you something extremely valuable for your corn.