Who can cheer up nostr:nprofile1qqsx5vcpc3vyzfx9p8h68mlw7pxl5nn5zvpj09lm08gzqa5f5zzlzrqppemhxue69uhkummn9ekx7mp0u6lntx, ideally not with feel-good narratives but with stone hard facts why institutions and their paper Bitcoins can't bring down Bitcoin and ultimately will go bankrupt for not holding real bitcoins?
Discussion
If they fuck up there is no rollback or bailout.
Paper bitcoin cannot stop the advance of freedom tech. The suitcoiners are just rolling up giant piles of money for the state to seize because they haven't studied their history. When it happens it won't change anything for the real bitcoiners, those of us who self custody.
The genie is out of the bottle and we are never going back to the world before bitcoin. Price action doesn't change that. Hostile state actors don't change it. Paper bitcoin can't stamp out the cypherpunk spirit.
nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqgr2xvqugkzpynzsnmaralh0qn06fe6pxqe8jlahn5pqw6y6pp03pspytehw I invite you to explore the wildfire of innovation happening in ecash, mesh nets, and pleb mining. We are winning, just under the radar where it's not obvious. This is as it must be.
i"m sorry, but you failed the assignment.
"not with feel-good narratives but with stone hard facts"
Recovered footage from the day moonsettler lost the ability to be an optimist.
I would like to, but I mostly agree with him. Where is the cypherpunk spirit? Even Adam Back is shilling MSTR...
We needed Freedom Money, and there are just a few small use-cases that can give you a little bit of freedom. For the most part, what we have is at most an inflation hedge, and the saddest part is that people seem happy about it.
People moved to ETFs, MSTR, or to develop chat apps in all ways and forms.
So what's left for us freedom lovers? ecash which is like 100 steps backwards from Bitcoin?
But I find the fatalism exaggerated. Even if the last bull run was 90% flowing into Wall Street products, these can only do fractional reserve to an extent. Let's say Coinbase sold twice the Bitcoins there were, what would that mean? That would mean that if we manage to expose the scam now or soon, Coinbase will go under, not Bitcoin. People using custodial services will go under, not self-custodial hodlers. Most of the cost will be paid by those who don't understand or support bitcoin as it should be. Only if the cypherpunks give up and hand over their coins for cheap will Bitcoin die. Use the remaining economic fire power to fight now!