It seems like the older generations have a hard time conceptualizing decentralization of Bitcoin’s network. To them it’s inconceivable to not require a middle man.

When they make threat models for risk, they always misinterpret the hostile takeover scenarios and assume the government can lean on the central figure and take it over.

Dave Collum - for all his entertainment value - continued to make this mistake on his recent Coffee and a Mike podcast appearance by comparing it to Napster (a centralized database!)

There is no doubt overt government hostility would be bad for the price action, but to wholly absorb the asset in a Napster-esque takeover is evidence of a gap in understanding.