Their silent attack on Bitcoin is working
Its working quite well
Discussion
What do you mean?
Too much legacy system control of Bitcoin
We need more cypherpunks
Ah, that. Yes, it's troubling, but it was inevitable. It's important to dissect exactly what kind of control they have: network (accessibility) vs. supply (price) vs. narrative (essence). Right now it's just some supply and onramps. It's annoying, but not bad yet.
Yes
We've already won in the long term, it'll just be some dark years ahead for a bit to sort out and humble the legacy system
The suits aren't ready to get rugged when we don't comply with their version of bcash 2.0
Just sneaking around, guerilla striking the fed into obselescence. Nothing to see here.
Bitcoins silent attack on them is also working
Its working quite well
Can u explain ?
Yes
In short,
with the push for;
- Bitcoin Strategic Reserve
- MSTR piling into coinbase IOU's (saylor has said many times MSTR cannot self-custody priv keys, unfortunately)
- ETF's
- digital real estate perspective
- Safe Haven USA tax restructuring
- "frowned upon" for P2P use, only using as "digital gold"
- CBDC's being reidentified as digital assets (Saylor pushing for dollar to go digital, to compete with USDt)
all of this nicely being ackaged in the NGU narrative (nice, but not entire purpose of Bitcoin)
Let alone the global push for a more digital panopticon, the attack on Bitcoin (in the short term) is swift, silent and discrete
We must remember, we have already won, in the long term, so long as you self-custody your own keys. It'll be a hard fight for the next few years, but we have won greatly for the long term vision of Bitcoin, Nostr & P2P tech
What did you think global adoption at every level would have looked like?
I can't imagine it going any better personally.
Individual had the first 15 years to adopt the standard and now institutions and nations are adopting.
About how it is now, its just a few dark years for Bitcoin in the short term
We've already won in the long run, just gotta get though these few dark years; prob from ~2026-2033ish