I think that the biggest threat to Bitcoin are the Bitcoiners themselves. That is why it’s very important that people understand and internalize the npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe mantra “the natural state of free markets is deflation, a credit based financial system cannot allow deflation”.

It’s hard to comprehend how badly the credit based financial system has distorted our perception of reality. Think about it for a while… People have been convinced of the idea that it’s good for them that they are losing purchasing power all the time thanks to inflation. This kind of nonsense is taught in the universities all around the planet.

The person who “understands” the importance of inflation, is seen as the intellectual. And the person, who does not understand it, is seen as an uneducated moron. One has to be quite brainwashed to “understand and appreciate” inflation.

If people have accepted a brainless idea like that as a fact, what else is not true? If you exclude the things that you can verify yourself, many of the things you believe to be true are lies or half-truths at best.

And how did we end up with as horrible financial system as the one we have right now? What kind of goals did the ‘eccentric dudes’ setting it up have? And what kind of things they were ready to do achieve their goals? And what about the people who have continued the project? Are they just going to quit, apologize, and hope for forgiveness?

So, what I mean is that there will be violence and psyops everywhere. Now, thanks to the Bitcoin white paper, the truth is out there, and it’s spreading fast. And that is why I expect more and more psyops, and very sophisticated ones too.

I think that this whole “Bitcoin is for everyone. It’s for your company, church, school, etc..” is misguidance. Bitcoin is for people. Let’s not forget that Bitcoin is about the separation of money and state, and Bitcoin is rooted in the cypherpunk movement. How cypherpunk your company, church or school can be?

Bitcoin is peer-to-peer cash, no third parties required. If your school owns Bitcoin, and the shit hits the fan (and it will), it’s not like you are safe. And the problem is this:

If Bitcoiners start to think that “they own Bitcoin”, because their company, church, or school has Bitcoin, then they are not going to fight for the right to self-custody. They will see people who insist on self-custodying as paranoid “crypto anarchists”.

And then we will see laws passed against the right to self-custody. And then we will see many people, who we regarded as Bitcoiners, say things such as “Well, this is not ideal, but we live in a democracy and it’s important to respect the rules of democracy.”

I know that it’s impossible to stop people from self-custodying, but laws against it are going to make many people afraid. The state has the monopoly on violence.

I like npub1f4q60j7fklm7sjzdz4ye42g5r3elnguuxajuch2kx8apulfkx0xqf2a37d 's comment “if you don’t own Bitcoin, you don’t own money.”. I like it because it’s so blunt, and it’s black and white. I feel that in that sense Bitcoin is like a heartbeat. You have it; or you don’t. You cannot be exposed to it or “kind of have it”.

The only way to have Bitcoin is self-custody. That is why I want to thank npub1zeuyhtvpk7uzzhhye6s2muz8jw46n2pkvzre933szr4ua473snyqesxvfp He is like a broken record that keeps on playing your favorite song (“Self custody - no third parties required”) on a repeat. If Tony did not have his Youtube channel, he would be going from door to door like a Jehova’s witness and asking people “Can I talk to you about self-custody?”. I know that it’s part of his business, but it was a good idea to start a business that does not deviate from the Bitcoin white paper.

Peer-to-peer cash. No third parties. Sats (not stablecoins) must flow. It’s great that everybody is doing their part in that here on Nostr (except for me, my zaps are not working).

#Bitcoin #BTC #sats #stablecoins #inflation #deflation #cypherpunk #cypherpunkism #sats #zaps #stablecoins #psyops #nostr