#Bitcoin is not a killer but a #Saviour #Plebchain #Plebs #Coffeechain
Bitcoin will not kill the U.S. dollar. It will become the U.S. dollar, with all controls and restrictions that any CBDC issuer could dream of. “Impossible!” I hear you crying out, giggling to myself in the face of the utmost ignorance that seems to have accumulated quadratically with bitcoin’s price increase. “Bitcoin is freedom money!”
And this is where you’re wrong. Bitcoin is anything we make it out to be. It’s a technology just like the internet, which we’ve managed to successfully turn into the most efficient surveillance technology the world has ever seen. Still sounds impossible? Think again. Enter: single-issue voters. Bitcoiners today are so ideologically driven that they seem to be incapable of seeing the forest for the trees, making them easy prey for orange-veiled populists. Just yell a little free speech with a side of BTC from D.C.’s highest mountain top. Can you hear us OK? We’ll go on your favorite podcasts and speak at your favorite conferences, just to be sure. Mic check, is this thing on? Something something, end the Fed, twenty-one million. Sounds great. You’ve got my vote, pal.
As Bitcoin Twitter scavages social media for the next suit lizard to quote, like a gang of brainless zombies on the hunt for their final kick of dopamine, actual legislation that affects the development of Bitcoin as a permissionless finance tool seems to escape the average influencoor’s intellect.
Firstly, Bitcoin is an organism that lives and breathes on the internet. Any laws passed which affect the way that we communicate will, too, affect our ability to use Bitcoin in a non-permissioned manner. Some of these laws are fairly straightforward. Others, however, are less easy to grasp. For the most part they involve the four horsemen of the infocalypse: terrorism, child pornography, drugs, and human trafficking. “We must ban encryption to save the kids. We have to have backdoors to stop al- Qaida.” When someone screams Bitcoin in your face as loud as the latest U.S. presidential candidates have over the past few months, it makes sense to better check thrice where each one stands on actual issues adjacent to the technology itself. And let me tell you: It looks about as pretty as Stalin’s grandma in a nightdress, and you surely wouldn’t want her peeking through your transaction histories.