Owning Bitcoin is not a privilege in the sense of a special right given by an authority.

It’s an open-access right available to anyone who can hold their own keys.

If someone can’t participate its a choice, not because Bitcoin “privileges” some over others.

Well, without judging anything else, using tradfi tricks to create artificial money to buy a shitload of BTC is definitely a privilege.

POS privilege and a #bitcoin standard are incompatible.

Thank you Satoshi for one CPU one vote (and I don't talk about mining here)

Depends what he does with it.

Depends what he does with it.

What is the abusive part?

He did for his first 200M worth. Everything after that is PoS.

“If you seek Truth, you will not seek to gain a victory by every possible means; and when you have found Truth, you need not fear being defeated.”

Epictetus

Okay lots of doom porn in here and I wanna contribute! I don't think the government would just 6102 coinbase, too much heat for them and they would clearly be the bad guy. Bad for narratives.

Scenario: Government is teeing up a massive black swan event.

Suppose some fed spook commands key people in Coinbase to leave vulnerabilities. Hackers rush in and sweep Coinbase's Bitcoin. What would happen? Every ETF except Fidelity collapses. Plus whoever else was custodying with Coinbase. What would the boomers learn from this? Not your keys not coins? Don't centralize custody? No way, tradfi talking heads will be screaming "told you so" about the fake-internet-money-hacker-coins. Everyone runs back to the "safe" fiat institutions that don't have hacking problems. Mainstream adoption is set back many years. Every inch gained in "number go up" from the ETF demand evaporates. This mental high we have been riding in 2024 from all the mainstream adoption is suddenly gone.....

Why would the feds do this? Squash a threat to doller hegemony. Psyop the public into staying on the sinking ship. They get to save us with Crypto regulation, and everyone who sank with Coinbase will be crying for blood. Imagine grandma testifying before Congress who lost everything with the ETF.....

I was at a park today with my dogs. I saw a group of girls having a picnic on the grass and flying a drone around.

My dog was chasing the drone so I started chatting with them.

It turns out the drone wasn't theirs, but it had been hovering over them creepily for a while.

It got within a few feet of me head on and I flipped it off.

In retrospect I regret not knocking it out of the sky. There are some strange people out there.

Hey Matt, nice to hear from you! We missed Nostriga but have been here for the Honeybadger (bitcoin)

Hey! Great to see your faces! I'm glad you made it to nostriga 🙂

coming home from japan to my toilet that only has a single flush handle and nothing else