Let’s not create $200 trillion in credit on top of bitcoin.

Bitcoin was created to definancialize the system, not refinancialize it.

https://bitcoinmagazine.com/takes/lets-not-create-200-trillion-in-credit-on-top-of-bitcoin

Reply to this note

Please Login to reply.

Discussion

I am hoping it will destroy them by then... Not sure how since they have so much of it, but I can still wish. I guess it could actually serve both functions, currency and capital, being infinitely divisible and all. Systems of control definitely don't want that though.

I can surely be currency and capital but some in the space are trying to convince people that it’s only the latter, which is problematic.

Hold your Bitcoin in self-custody. Avoid KYC.

Hoarding without permission. Not sending my corn to the suitcoiners. I'm planning to sleep well when the Sailor endorsed hardfork lands. Hodl both coins in self custody and chill.

This is how bitcoin gets blamed for the next financial collapse, isn’t it?

If not the next one, a future one almost for sure!

Looking forward to many more years of everyone calling us idiots again.

😂 Yes 🙌