At $1 million, bitcoin will be unrecognizable.
It will be an entirely permissioned network.
Taxes will be split over Lightning, only illicit zaps will not be KYC’d, miners will be licensed.
Bitcoiners are expecting the State to either fail or adopt bitcoin. No one is prepared for what full State bitcoin adoption looks like, but it won’t be of the freedom kind.
no
the protocol’s only reason for existence is to ensure censorship resistance. it makes no sense to operate a permissioned network and make all of the tradeoffs i
If we take the idea of multiple pillars, it is said that 4 pillars need to be decentralized for the whole to function: communication, law, production and finance. Nostr, ???,???, Bitcoin.
I am curious what a truly decentralized democracy could look like. I’d propose we identify needs via the process rather than selecting people.
Sometimes I think a 5th pillar is needed, defense.
Disagree.
