This week has seemingly been one of the most positive for #Bitcoin in recent memory. Companies continue to stack, people are asking me about Bitcoin in ways that truly surprise me, there's the removal of SAB 121, the demolition of Operation Chokepoint, and, of course, the ever-increasing probability of an SBR.
So much positivity, yet I am left feeling a bit dispirited—not about Bitcoin's ultimate path to monetary supremacy, but that a more winding road than I originally thought will be necessary.
I've been in this space long enough to witness new people come into it and venture off on various crypto paths that ultimately led to lesser wealth and a disdain for the entire space. I am optimistic that our elected bureaucrats have sufficient resources at their disposal to ultimately realize Bitcoin is the only solution. However, it seems exploration of bad paths will be needed to arrive right back at #Bitcoin.
It's not the longer path that has left me dispirited. Rather, it's that for now, I think our policymakers and the administration have lost the plot. I won't criticize other projects. Maybe there is some good technology or product embedded that might be beneficial.
As an example, increased use and adoption of stablecoins is a worthwhile near-term use case to accelerate international demand for the US Dollar. To me, providing more of the world's citizens with the best nation-state currency is better than what those citizens have today. That, to me, is a net positive.
Even more, easing policy or regulations on crypto projects might lead to some groundbreaking tech, increase employment in America, and ultimately generate much-needed tax revenue.
However, when considering assets to be held by the Federal government and funded by the American taxpayer, only a best-in-class asset should be held, and that is #Bitcoin. #Bitcoin is a scarce asset, a decentralized monetary protocol that is uncensorable and unconfiscatable. Coupled with some improved fiscal responsibility, it has the potential to strengthen this great nation's financial footing in a meaningful way while setting a blueprint for the rest of the world to follow. A blueprint that ultimately can lead to freeing billions of people from economic slavery and providing them access to fair money and an economic identity they do not have today. I have tried to be fair to other projects as shitting on people only divides us but PLEASE, Don't let us lose the plot!!