I’ve been talking about this for a long time. Two contradictory forces - one: manipulated money, coercion, and control —-versus the other: a global free market allowing prices to fall.

In over 5000 years of human history, we have never had a global free market because we have never had truly decentralized and secure money. In other words, “we” must be part of the problem. Ie - our short term incentives conflict with our longer term “beliefs”.

That is what is going on here and every person has a choice (not just the rich telling you how to live) If everyone chooses to trust others with their #bitcoin and bitcoin becomes only a store of value, it will eventually centralize and fail.

If enough people realize the risk of centralization and pricing in a USD derivative, hold in self custody, run a node, spend in it, help others build to it, the protocol will reprice all of those trying to centralize. (And those holding on those exchanges)

Ps - This path is inevitable in my mind and only a matter of time preference.

This is also the choice when you spend more of your time on #Nostr. You are part of an early group of people who understand deeply how their own time matters in creating the world they say we want to live in.

Happy holidays and welcome to #Bitcoin and #Nostr. It’s been amazing to watch your journey down the rabbit hole since our lunch together.