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Replying to

aljaz

All according to the playbook:

1) use propaganda to spread the "awareness" of how decentralized money is only used by criminals and how it harms kids

2) threaten to ban it

3) keep the companies participating in this alive but gradually impose more and more regulation and compliance on them

4) use propaganda to spread the "awareness" of how many baby seals bitcoin mining is killing

5) "embrace" bitcoin through etfs so "bitcoiners" are happy and distracted

6) more propaganda: we're not banning bitcoin, your bank is selling you "bitcoin" now, we're friends, vote for me.

7) attack privacy technologies that interfere with your surveillance

8) but NgU, orange man good, cypherpunks forgotten

9) crack down on cash payments since its only used by pedophiles anyway

10) crack down on "non-compliant" ways for people to buy bitcoin (only hurts a minority, masses dont care cuz its just some nieche companies and solutions disappearing

---- WE ARE HERE NOW ----

10) more strict laws incoming or already here(MiCA, travel rule, AML etc)

11) NgU, we are changing the world bla bla, bitcoin fixes this, blackrock buys my bags

12) Cash payments disappear, cunts in brussels reading your cope texts to your cryptobros

13) privacy gone, cash long forgotten, what is p2p electronic money

14) can i haz more NgU, i need my orange lambo

15) propaganda: west embraces "bitcoin", "developed" countries have bitcoin balance sheet

16) majority of people use bitcoin as their grandfathers savings account through their bank. most of them never done a transaction outside of their broker. NgU so the world is good, bitcoin will change everything.

17) 90% of transactions follow travel rule and are between kyc'd wallets

18) bitcoin won because you get to tell your parents that you were right to buy the pet rock since you can now afford the 1bedroom apartment since bitcoin crossed $2million

19) the only non-kyc lightning nodes are 3 raspis on tor in someones basement

20) remaining 10% onchain transactions are force closures by LND

21) bitcoin effectively becomes cbdc and nobody notices

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Room34 1y ago 💬 1

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Discussion

Jon 1y ago 💬 4

If it goes through regulated exchanges/wallets then it's not Bitcoin; Bitcoin can't be a cbdc. Used in its pure form it's permisionless and can't be taken away from you - and this is how it is supposed to be used.

Room34 1y ago

i sincerely hope that 'permissionless' bitcoin survives. to me its value is entirely derived from that and censorship resistance. without those two qualities it's a high-energy-consuming digital beanie baby.

Jon 1y ago

Only salvation is your relationship with Jesus.

aljaz 1y ago

see this is already a problem - you've sed "in its pure form". there is no other forms of bitcoin, theres only one. The rest of them are not forms of bitcoin but mostly convenience or price exposure solutions.

Jon 1y ago

I'm not saying there are other forms of bitcoin. Immediately after that I say that Bitcoin cannot be a cbdc, given it is used according to its rules.

But there are other applications which should help with some shortcomings of BTC itself. And even those must adhere to BTC principles.