Happy Killdozer Day to all who celebrate

Sunday hike 🥾⛰️

I keep going back and forth in my mind over whether a #CBDC and #digitalID will accelerate or dramatically stall adoption.

These things could push many into bitcoin as an escape hatch or make onramping too hard for most normies to attempt. At least in the West.

gm, Chainalysis is astrology for spooks

Could be a negative correlation. More they try to ban it the more the people who really need it will hold on harder

If they are cooperating and promoting Bitcoin they could accelerate adoption tremendously. Take a look at El Salvador. You can spend Bitcoin almost everywhere there now, so that's like a 99.

If they are resisting Bitcoin adoption they can only slow it in their own jurisdiction. China banned Bitcoin mining and it all just moved out. While adoption in China slowed, I'd argue the ban increased the adoption rate elsewhere, so I say the overall effect was around 0.

Depends on which governement. Iran and North Korea do a damn effective job of restriction and seperation from world

50/50

25-50 depends on how they treat it, the more they meddle the quicker the adoption

Followed #plebchain 🫡🔊

🕯

🕯 🕯

🕯 mempool 🕯

🕯 will clear 🕯

🕯 before I die 🕯

🕯 🕯

🕯

Did Breedlove honestly post that picture not realizing how much of a meme he would become?

Opt out with #bitcoin

I don't know enough about how all that works tbh. Honestly I'm not really qualified to be speculating on the doomsday scenario I described as it is. There's probably reasons why an attack like that wouldn't even work in the first place.

Capture of mining power by bad actors is my greatest fear for Bitcoin. If the cantillionaires plow enough of their wealth and influence into capturing mining power they could control a huge percentage and undermine the network in many ways. It could already be happening for all we know.

A vast majority of mining power is in the US and China, arguably the countries with the most to lose from a Bitcoinized world. The large mining companies are vulnerable to takeover, by violent or economic means, and in fact may already be "sleepers" waiting to act at a certain time when Bitcoin becomes the most threatening to them.

I can imagine a scenario where the fiat shit is hitting the fan and Bitcoin is poised for a leap forward in adoption. That is when they will spring the trap and undermine the network in some way, which could test confidence in the Bitcoin network. If they can suppress the price during this time it could drive legitimate miners out of business and allow them to consolidate control over mining power.

Idk, maybe I'm giving them too much credit.

PAID 2X

I don't want to be an alarmist or anything like that, but I have 236K sats sitting in this Alby wallet and I'm low on invoices. We may have to crank this up a notch and start asking for 2100 sats invoices.