Now when we are all positively minded again I can share to you without spreading any FUDs that I’ve never been more pesimistic about Bitcoin’s near-term future as I was the past weeks.

I do not know why. But when we hit the hard bottom around $15k after the fall of FTX I was cheering and telling everyone that this is the hill I am going to die on with the smile on my face.

Now we consolidated around $60k, jist around 20% from ATH and I was like “Meh, it’s not looking good”.

It started just after the halving, with Runes again fucking up the blockchain fees, Samourai Wallet attack, realizing we are clearly in a war for our rights for privacy and thoughts about it not looking good as I didn’t see any clear push-back against it. I have a sole fear in Bitcoin space and that is too strong regulatory capture that it will eventually seize to fullfill Bitcoin’s purpose. In my point of view we’ve never been closer to fail. Or am I totally wrong?

Shill me some positive thoughts about Bitcoin, meme me to death, show me some examples of Bitcoin development so it’ll brighten up my attitude.

Thanks.

#bitcoin #privacy #war #grownostr #asknostr #plebchain #regulatory #capture

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Discussion

For you, does failure = government can seize your Bitcoin?

Not mine. But they can make it irrelevant. Closing on and off ramps into custodiing Bitcoin will make it no more than technology euqity and we will be trapped in fiat ponzi scheme again and this time for ever.

Isn’t this theoretically a country specific threat? Can’t we move to El Salvador if that happens. Unless Bukele turns on us?

Yes, I'm worried too. While governments can't stop or modify Bitcoin

code, I believe they still have enough power to make Bitcoin use as

painful as possible (higher profit gain tax, KYC everything Bitcoin

connected, banning BTC-cash ATMs) for the average person. In the end, I

still need to change BTC to fiat for bigger purchases (e.g., a car,

house, etc.).