I’ll be honest idk how I feel about all the bitcoin stuff lately. It’s nice to see plebs happy but also feels a bit wrong with the gov simping.
I have no hot take about it and my opinion is irrelevant anyway, bitcoin doesn’t care; just expressing that truly idk where this all goes.
It’s funny that the closer we get to ~*euphoria*~ the more that I question if it’s the “right” way. Then again there isn’t a “right” way, it’s just whatever way it happens.
I DON’T KNOW.
But I’m probs not alone.
I always just come back to the fact that there’s only 21 million!! patience
Scarcity is not enough for something to have value. People’s desire for it (for whatever reason) gives Bitcoin value. So far so good. Let’s keep improving it!
This got me thinking. If bitcoin were not scarce, I cannot imagine it having value. But because of its scarcity, I cannot imagine it not having value.
I think what you might be describing is that scarcity as necessary but not sufficient condition. Question then would be, other than Bitcoin, are there in the world scarce things that nobody wants? Or I am wrong, and all scarce things are desired by humans, and thus have value?
I agree. Humans seem to have a desire for scarce things, but this can be outweighed by a difficulty or burden of possession, or perhaps it's something offensive to human nature. So, yes, scarcity not sufficient in all cases, but in conjunction with bitcoin's other properties, probably its most powerful.
I hope you are totally and utterly right my friend. Let’s keep working for Bitcoin to be that path to freedom! Have a great day
Principles or principals (authority)
not alone. No one knows
You aren’t alone. This has been a retarded cycle with digital gold simps.
The fiat is showing.
It’s going up forever Laura. It’s all noise. Just enjoy your life and know that you’re slowly escaping fiat. It’s a great time to be alive.
Nobody knows where it all goes, but it's pretty easy to see where it likely leads, and it always has been.
The utopian dream of everyone running their own nodes and being completely sovereign was never realistic because that isn't the nature of most people.
Bitcoin is a super powerful tool for anyone, but not for everyone, and it's ok to admit that.
Glad to hear reason
I have said for a long time that the revolution is not that you have to, but that you can.
The thing which people are clearly having a hard time with is getting their heads wrapped around the fact that 90% of people will continue to use banks and continue to trust institutions even in a fully Bitcoinized world.
Which opens up the opportunity for continued or even extended financial slavery or the abuse of that trust.
But with that said, Bitcoin is a huge improvement and it's up to every individual to realize their own full potential. And even if there is fraud or manipulation, there will never be bailouts, and there will NEVER be more than 21M Bitcoin. So the positive trend will be undefeated over time.
Bitcoin is buyer agnostic. It’s the financial black hole.
The main mistake I see being made right now is all the black and white thinking. This is either the best thing that could possibly happen, or it's inherently evil, and that polarity doesn't exist. It's a lot of different things. Bitcoin is for enemies, so it's for governments, it's for individuals, it's for whatever you're going to use it for.
The Game Theory has to play out this way and it is almost amazing that the U.S. is actually taking a leadership role at this point because our incentives don't immediately drive that direction. So net net, I believe this is a good thing.
Completely agree, thank you.
Stay Serene
💜🧡✨⚡️✨🧡💜
Love this! 🧡Girl for me the weirdest part is seeing people like Rogan and Saylor and Elon with jillions of dollars taking photos from the WH or Capitol beaming with pride like they’re on a grade school tour. I don’t get it at all
this cycle feels off fr
The way I see it, it was always going to be weird one way or the other. A failing bitcoin network is one that fizzles out and dies in obscurity (think BSV). A bitcoin network that is inciting government simping, or even government vitriol, is a network that is drawing attention and doing things.
Greed brings adoption by design. It is a trojan horse for taking money out of the hands of government.
So no I don't think you are the only one. But I think the same uneasyness has existed at every step along the way for different reasons.
Not at all alone, you just expressed exactly what I was feeling, like the whole event is taking place in a sensory deprivation tank called the USA
IMO you cannot go wrong if you think that ALL GOVERNMENTS are SCAMS. They are NOT there to serve you NOR to save you.
in moments of doubt, it’s nice to have physics and basic math. Bitcoin is ruled by users. True democracy. Time will tell who holds coins on chain. I suspect a lot of users hold paper claims
Here with you. feeling simliar.
Check out Saifdean Ammous views on this and you will see this for what it is. Its about the Fed reserve and ending money printing, debasement, and who controls it. Notice no questioning the USD, Fed or meaningful discussion at summit
He have a podcast episode?
nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak
The argument is that politicians don't have the incentive to end the Fed, because they need its financing.
Thinking first principles, politicians spend the money because they want to get re-elected.
Voter anger is the key to when we see the modern day Andrew Jackson. When voters realize that the Fed is stealing from them, and threatening the livelihood of their families, politicians will increasingly take notice and action.
This momentum is growing, but we are still early. Stay humble. Stack sats.
times are changing and this is what it feels like to live thru it
Bitcoin is for everyone. Including, but not limited to, governments. Let them participate under the network's rules and pay no attention to number go up or down.
Not alone at all. All the government cucking is mad weird. Shout out to the cypherpunks! #bitcoin
No opinion is irrelevant.
PLEBS ARE THE SIGNAL!
My paranoia says the gov simping is enabling the govt to actually pull off a Bitcoin 6102 event in the future.
It’s sad to see Plebs losing focus with all the fiat price tag noice. I’m here because bitcoin detaches money from central authorities but I respect bitcoin is for everyone, also for central authorities
Totally understand how you feel. If you really love Bitcoin and don't want big organisations or government to take over then let's help secure the network by starting to do bitcoin mining. Start small with Bitaxe, you'll learn a lot and will feel more empowered. Check out nostr:nprofile1qqspnzgrfett3asxcuj0gksje6z2zxzpvgd27uvz58m9vsuqh8zzw6cpr9mhxw309a382emdv9hzumt8w4ujumn9wsargwp58qq3vamnwvaz7tmzv46xztnwdaehgunfdshxxctd9a4sn7 for guidance.
I have a strange feeling too. As if it wasn't the right way to get there. To get hype! Bitcoin must come from below! I imagined it more as a store of value in a world war and a new monetary standard after a thermonuclear war. But they were all my thoughts 😅😉🫶🧡⚡️
I feel sad to be completely honest
The reserve is meh. Ross being free is great. Cap gains going away would be the real win.
But yea, populism is pretty gross. Had a lot to do with how we lost the gold standard too. Governance should never be something decided by unmitigated base appetites. And it usually is.
I can’t stand gov involved and people gov simping.
But price wise we would still be here, no question in my mind.
The forks come before the spoon.
same.
saw an influencer say “America is embracing bitcoin” because politicians like it now.
Same. Miss the feeling of apoloticality.
….eccentric woman, but really not at all ~ totally basic bitch that has no personality ~
It’s just the inevitable
It was either this or they put us all in the gulags. I think I kinda like this better.
Same. At least Bitcoin keeps us on our toes and makes us think!
“What if people I don’t agree with use it for something I would never use it for??”
It’s a constant ego check. A constant values & beliefs check. A constant reminder of acceptance 😄 and focusing on the things that are in our control and that we can actually do something about, while reality out there continues to be “what is”. Whether we agree with it or not 🤷🏻♀️
Bitcoin makes us smarter and more resilient. Fiat just makes us dumber and complacent.
Cross of Gold
It was a nice cottage industry before the government got involved
I think if you understood the protocol, the network and the game theory, you knew that this was inevitable. I'm only surprised that it happened so soon, I don't have enough sats. No one has enough sats.
I feel this. Government simping is never a good look.
The right way to look at it is its better the government be pro bitcoin than against. But the people trying to pump there bags on the news is not cool. Its a hollow price rise, it will fall again. We need more adoption be regular people, more use cases, more spending.
Bitcoin is for enemies. When your enemies use Bitcoin, it makes it stronger for you.
The more people or entities (including adversaries) adopt Bitcoin, the more decentralized, secure, and robust the Bitcoin network becomes.
Adoption.
Network Effect.
Bitcoin's supply disappearing in wall street or nation state vaults is not adoption and unrelated to it's decentralised nature. no circulating supply = no mass-adoption.
Nobody knows how BTC mixing with or even overtaking TradFi plays out. No matter how it goes, the ideals of BTC will always remain if it stays decentralised and secure.
Realistically mass adoption doesn't happen without banks and govts getting involved...then BTC takes their lunch.
Feel u.
Overall, i feel like the industry has no clear direction other than "appreciation and NGU through insistutions and gov".
There's no clear debate about how we're going to do the next update both from the "governance" standpoint and from the technical standpoint. There is no clear technical direction, true bitcoin leaders are in the shadow and kind of forgotten about by the newcomers looking only for NGU (see Luke, Matt etc).
It seems that bitcoin is getting "good enough" for OGs to leave the debate and enjoy appreciation. But are we really done?
It's feels wrong, but this is a necessary step towards bitcoin bringing government to its knees. How else could it happen?
I'm pretty disappointed at the IMF getting their claws into El Salvador. I understand the practical need for the public capital
There is no right or wrong way. There is only the way we believe will be sucessful. We won't find out whether it is sucessful or not until later. We will never find out whether is is a right or wrong way.
