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Replying to Avatar Jeff Booth

Most attacks are through misinformation campaigns to “try” to drive regulatory capture. Bitcoin hurts the environment, promoting/unclear rules on crypto, ftx etc to allow people to be wiped out and sweep in to save them, used by criminals etc. Bitcoin is anti-fragile and these make it stronger. Similar if exits from existing system are closed. It will probably grow faster and move to an underground economy until realizing it can’t be stopped, some countries embrace it. Wrote some on this at jeffbooth.ca and will continue.

P.S Remember how much power each of us has in driving it forward through building to it, using it for our purchases, ensuring our friends know about it and do same, etc etc. As I’ve adjusted my own probabilities of it failing down over time (to almost zero imo) as I’ve thought through various attack vectors, I think the primarily thing that slows it is apathy and hypocrisy, ie - how we only use it for a store of value while reinforcing all of the fiat world in 95% of our time and energy.

I’ve personally decided to invert that and put my money and time where it matter most. Building the future I want to see.

Hope that helps and good luck in your journey down the rabbit hole.

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200T 2y ago

Biggest attack vector IMO is paper #BTC and price suppression, which impacts every virtuous cycle.

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