Bitcoiners often fantasize about the moment banks fail and fiat currencies hyperventilate. In that collapse fantasy lies moral vindication: “you should have listened,” followed by a sudden explosion of real purchasing power.
But what if the same moment is awaited just as eagerly by the people pulling the strings? Crises are their raw material. They never waste one, and every rupture demands a new narrative for the next round of extraction.
Now consider the uncomfortable possibility that Bitcoin isn’t actually ready for that moment. Broken clients. Mining centralisation. Governance that’s more opaque than we like to admit. Coins trapped behind KYC rails and regulated chokepoints.
If the system breaks and Bitcoin breaks with it (or is captured in the process) what exactly are we claiming victory over?
