Nostr Web Client

I don't know, nostr:nprofile1qqswswmx4rkj6d7q05dtafhpkqq2z42fc62s37jvtp642m2jkpfxc2cpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3wamnwvaz7tmwdae8g6tn9ehx7um5wgcjucm0d5q3wamnwvaz7tmxd9k8getj9ehx7um5wgh8w6twv5nrafuh...

I love your reasoning, and I almost always agree with your statements and analysis.

That said, today I'm feeling pretty pessimistic about Bitcoin as a tool for freedom.

It appears to be in the process of being captured by the powers that be, as it seems to be mainly a collateral asset for debt, fiat currencies, and shitcoins.

Centralization, regulation, and intermediation follow. AML, KYC, and compulsory custodial services are already in full swing. After 16 years of circulation, almost nobody accepts #Bitcoin as a payment method.

I mean, it would still be a great financial investment—probably the greatest—for a while.

But in the very long run, will it still be a sound store of value without being, at least potentially, a widespread means of exchange?

I'm not very confident about the trajectory we are heading toward, or maybe today is just a bad day I went through.

mike 11mo ago

I understand, we are definitely now fighting the battle of Bitcoin as a currency.

It's not an easy one and nothing is guaranteed and you definitely shouldn't be complacent about it, but remember, we have now effectively won one of the two battles in the war, that of Bitcoin the asset.

If wars were easy, then victories would be hollow.

All things worth fighting for are hard, embrace the fight and most importantly realise you're not fighting alone, we are all in this together, across the globe.

I can't guarantee victory, but I can guarantee a good fight.

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Discussion

Mî¢h&|3 Dëgli Ü3ę®tį 11mo ago

At least here we are using it as 'pocket money' for #v4v

🫂

mike 11mo ago

💥

Take my 21 Sats.

And just like that I illegally transmit money to you. 😂