Replying to Avatar Satoshis Nephew

Im well aware and remind myself daily that I could be completely wrong (all of us) in fact about BTC - but daily, monthly and yearly it looks as if we stumbled upon the greatest invention in modern day finance and money. Maybe its worded wrong but im sure you get what I mean..

What are the genuine chances that BTC fails completely outta 10?

#bitcoin
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HolySats 1y ago

I see only one real FUD remaining. Regulatory capture and seizure of KYC’d coins without self-custody. Broken trust in Bitcoin censorship resistance and we’re done for.

But I hope that Bitcoin is also a bet on politicians being greedy. And that they are greedy more than they actually want a total control.

So I give this FUD a solid 20% chance to play out and for me that’s all there is.

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Satoshis Nephew 1y ago

Fair play! I’m leaning on greed and money printing than control..

Surely there are enough HODLERS who would create circular economies.. we don’t need the government but understand your point..

Always rechecking the thesis I guess is valid..

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Fabian 1y ago

Imagine a state Monopol on running nodes. So every Node is an act of resistance.

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HolySats 1y ago

Well… one state can take that legal action but others will not… solved by game theory.