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LogicallyMinded
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Crypto trader. Independent thinker diligently working to move the Overton window closer to the truth. Advocate for decentralized governance models and freedom tech. Banned from Twitter for denouncing the vax pass. Don’t follow if you can’t handle the truth! XMR: 88RzWHVvdifJHwf1nsfVBrLYm8D5hFUcWHMtPK8F3TkzLLe2rqHkfNAUBQ2dSU1tTQenfSoXtqnxSMNiCaMekZ6wUMWtgnB

But realistically, a lot of people are going to go along with verifying their identity. They won’t pass on their daily dose of dopamine. #X #Twitter #KYC #DigitalID nostr:note1s7x9frz0ypypnddx4jc8wkjsd7xv30u73hjl00qa0700c398e98s9502md

Government ban and supercomputing risk are valid steelman arguments but I would suggest the following as a stronger steelman argument:

“Currently, the acceptance of #Bitcoin to purchase goods and services in every day situations is extremely low. As such, even though holding #BTC is a good place to park your money. It wouldn’t be very liquid in a situation in which you couldn’t not exchange your bitcoins for fiat. As such, Bitcoin isn’t a good hedge against government ability to restrict individuals from using fiat or #CBDC.”

What would you respond to this steelman argument?

Any alternative currency to fiat that requires to be exchanged for fiat or be processed through a custodian in order to be spent isn’t ready to be used in time of crisis. In your opinion, what are the alternatives to fiat that best pass this test? #Bitcoin #Goldback #Crypto

Of course many members of #SecretSociety keep a low profile but it’s undeniable that a lot of celebrities and public figures are part of secret societies. Hard to tell for sure regarding #ElonMusk… What is for sure is that a lot of the projects he’s working on align with the #transhumanist agenda.

If you watch the censored interview of #RFKjr by #Okeefe, you’ll learn that the British MI-5 (and by proxy the CIA) is treating anti #Covid19 vaccines dissidents as terrorists. First they came for the #antivaxxers then they came for the #bitcoiners… #Censorship #RFKjr24 #Covid19Vaccine #Bitcoin https://odysee.com/@EarthNewspaper:e/James-O%27Keefe-Talks-To-Robert-F.-Kennedy-Jr.:d?t=1233

I did a quick fact-check of the claims related to #ElonMusk’s entrepreneurship past and those seem accurate. This doesn’t prove in itself that Elon is part #TheCabal but that’s always the difficulty in proving that someone who is part of a #SecretSociety is actually part of it. That said it certainly proves that Elon is a master at creating the perception that he’s at the origin of all these great entreprises. It isn’t far fetch to say that he did so with the support of the controlled media. I think most people who haven’t researched the matter would say that Musk was their founder. On the surface, Elon seems like a fine guy but I wouldn’t exclude that he’s working towards an undisclosed agenda.

Great interview of the CEO of #GoldBack. This interview goes over the most common critics about #goldbacks. I highly recommend it if you’re still unsure about their value. #gold #cbdc https://youtu.be/7djn-FZ9mio

Normally this type of fakery should be detected as non-human although I don’t know how #Worldcoin would specifically handle this scenario.

I’ve heard these claims before but I’ve never vetted them myself. I’d be interested to see a debunking of them if anybody has a good resource to share. #Musk #Twitter #x nostr:note1y8w6l6j00qc04tyd75wxvls2kx5dl007a6g64xs44j8tw8rqrvlst896r0

I agree with this analysis. The #Fed is still hawkish and most likely the market will be surprised by more rate hikes not less. #Powell #FOMC

It’s possible the #BlackRock fork would end up being called #Bitcoin ESG or Bitcoin Green it’s also possible that they will manage to steal the Bitcoin brand and the current Bitcoin would be named Bitcoin #PoW. It’s just impossible to know for sure what the outcome would be.

I guess the risk to the global #crypto ecosystem would be for #BlackRock to control enough the #Bitcoin validators to censor non-KYC transactions which would enable to cut off #fiat to crypto on-ramp. This would make crypto a very marginalized technology.

I’m sure regulations could also be part of the playbook but I think everybody understand that regulations alone can’t kill #Bitcoin.

Stealing the Bitcoin brand is what would make the most sense. Look at the Bitcoin and #BitcoinCash forks. People don’t know so much about them. If they can steal the brand, they can control the narrative which would trickle-down in the code.

Also, an #ESG-compatible Bitcoin would mean #PoS rather than #PoW. #Ethereum has shown that such a transition is possible although in the case of Bitcoin it would be more challenging because there is less of a central authority that weights on the roadmap.

That said, #Hodlers could be persuaded to follow the “green” fork because they would earn yield on their #BTC. But imagine a PoS Bitcoin with BlackRock owning a huge chunk of the supply? That would be a nightmare…

In the end, I don’t think that a take over of Bitcoin would be easy for BlackRock to pull off but I wouldn’t discount it as a strong probability.

That said, I’m very skeptical that BlackRoad could take control of the entire #crypto market. There will always be fork or another crypto out there that could gain traction among the #plebs but maybe the bet for them is that if those remain marginal, they won’t matter. If so, I think they are wrong because people would adopt them over the long run (to escape #CBDC for instance).

I’m sure regulations could also be part of the playbook but I think everybody understand that regulations alone can’t kill #Bitcoin.

Stealing the Bitcoin brand is what would make the most sense. Look at the Bitcoin and #BitcoinCash forks. People don’t know so much about them. If they can steal the brand, they can control the narrative which would trickle-down in the code.

Also, an #ESG-compatible Bitcoin would mean #PoS rather than #PoW. #Ethereum has shown that such a transition is possible although in the case of Bitcoin it would be more challenging because there is less of a central authority that weights on the roadmap.

That said, #Hodlers could be persuaded to follow the “green” fork because they would earn yield on their #BTC. But imagine a PoS Bitcoin with BlackRock owning a huge chunk of the supply? That would be a nightmare…

In the end, I don’t think that a take over of Bitcoin would be easy for BlackRock to pull off but I wouldn’t discount it as a strong probability.

That said, I’m very skeptical that BlackRoad could take control of the entire #crypto market. There will always be fork or another crypto out there that could gain traction among the #plebs but maybe the bet for them is that if those remain marginal, they won’t matter. If so, I think they are wrong because people would adopt them over the long run (to escape #CBDC for instance).

I don’t think the solution to this scenario is that simple. Technically, #BlackRock & co could spin some #sybil nodes. Also, full nodes support is only one factor of how the “winning” fork would be determined. #Hashpower support and exchanges support will obviously play a major role. It’s easy to see how major exchanges could side with BlackRock and as mentioned in the video, #WallStreet is launching his own exchange called #EDXMarkets (I suspect the initial plan was #FTX). Hashpower is money so it’s also easy to see how BlackRock could be competitive on this front. If the war happens, I would expect it to be disputed on all three fronts (full nodes, hashpower and exchange support). In the end, it may be that the winner would be determined by public opinion. In which case, public relations would play a crucial role. Imagine if all the control media pushes a narrative that BlackRock fork is the real #Bitcoin?