The Xitter replies are all rainbows and butterflies which I think is completely naive, it’s Bitcoiners imagining their own lens and the beauty they could bring to the world rather than how the world has changed around them. Having thought a bit about the game theory of this let me put forth another perspective:
- There are hundreds of Bitcoin Billionaires
- Thousands of Hundred Millionaires
- These will be early adopters who often are quite anarchist and not fans of the state
- Their wealth is LIQUID, not like the wealthy people in the fiat system whose wealth is permissioned/illiquid
- They can now privately fund armed forces at a scale none of us have ever seen
- The world will bifurcate into Bitcoin friendly/enemy dynamics and Bitcoiners had better find themselves in a friendly jurisdiction
- US Gov will seek to 6102 companies at some point
- Assassinations/killings will be much more common
- Politicians going after Bitcoin or Bitcoiners face a completely different threat model
- Bitcoin custodians are sitting on Trillion dollar honeypots
- They are now the biggest targets on earth with their corn one irreversible block away from giving an activist organisation nation state level wealth
- Leftist organisations will be targeting Bitcoin first for taxes, then for confiscation/redistribution
- Hacks and fraud will increase exponentially
- Fiat backed by Bitcoin will be seen as a trump card to save the US empire
- No more Bitcoin conferences
- No one wears Bitcoin merch
- Square has announced Lightning payments are coming soon™️
- Peter Schiff still says it’s going to zero
