Bitcoin as a savings vehicle is an acceptable outcome to the state, it's easily captured via institutions and can act as a foreign reserve for treasuries
Bitcoin as a means of exchange is not an acceptable outcome because it enters the economy at large, there's no controlling that
Pay careful attention to the massive campaign for ECash for payments and the coordinated Lightning FUD used to sell it
I have started questioning this new “bitcoin as digital property” narrative.
If it was meant to be proper why was it called p2p cash instead?
#bitcoin
It must be both, if something isn't property then it is useless as money because no one would want to receive it for their goods/services.
It's p2p cash because you can transact said property without 3rd party paper, that's a nightmare for the state
I would agree it’s both, however the push for property ONLY is suspicious and benefits the system as is.
If #bitcoin was used as intended, a cash system, the US dollar would lose relevancy from what I can tell.
Property is important but a digital cash system where person A can send value to person B over the internet without a middle man is what’s most important imo.
What am I missing?
I don't think you're missing anything, it's no coincidence that bitcoin as MoE being bad for the state means lots of high-profile people are going to gaslight us in saying it's not meant for that.
That's why it's important we keep making Lightning better and shame the fake Bitcoiners shilling ECash for a paycheck.
Like you said, “a nightmare for the state”
Don’t forget the influencers especially. They get all pissed if you point this out to them.
Speaking the truth Justin. Keep doing what you’re doing.
