GM. I'm so glad I wasn't in Vegas. Everything I have seen confirms my suspicions. The world financial apparatus, led by the US and aided by an army of people who only care about number go up, is trying hard to co-opt Bitcoin into a custodial asset, managed (aka controlled) by them. Don't fall for it. Bitcoin MUST be a peer to peer technology for it to succeed (NgU is NOT succeeding). I refuse to believe that it's "inevitable" that we'd get this fiat managed outcome when we hit the mainstream. Bitcoin is money for people; not governments, banks, and corporations. Fuck them. They've had their chance to run things and they've broken nearly everything. View quoted note →

Replies (30)

Agreed. Bitcoin is something people can use to free them from government overreach. Let governments have their fiat Monopoly money.
Bitcoin's beauty lies in making everyone a peer — even these powerful institutions. So own your Bitcoin, not just institutional exposure to it.
There is existential crisis on the rise to the Bitcoin ecosystem , they will issues BTC bond , ETF and many more BTC product wrapped so people easily can transact BTC , and in return those corporate controlled the price and make sure there is supply to filling the demand of BTC .. does it sounds familiar like the Bitcoin printer machine as replacement of money printer ??
Ryan Reynolds's avatar
Ryan Reynolds 6 months ago
While I may not agree with a lot of what is going on, none of it prevents me from self-custodying my Sats. Most people don’t want freedom, as it entails responsibility. As a wise man says, Stay Humble, Stack Sats
Peace K 🪙's avatar
Peace K 🪙 6 months ago
It's not inevitable. It can be prevented. To prevent it we need that people will hold the right philosophy. The irony is that of people will hold the right philosophy there would be no need for Bitcoin. And that is why I am not on the Bitcoin wagon.
Fotoart's avatar
Fotoart 6 months ago
They want the same as we got, but definitely taking a different road to try to get it. Thar path rarely leads to healthier communities.
Default avatar
Vincent 6 months ago
Well said, by both of you. The truth lies within the knowledge of who created bitcoin.
Totally agree. I've yet to see anything interesting come out of the conference with the exception of @Erik Cason saying fuck the state on a panel. They had advertisements boasting about services to bypass the mempool and get non-standard transactions mined with 3 mining pools that control more than 51% of the hashrate. Literally promoting and celebrating attacks on Bitcoin. Every Bitcoiner needs to take their next step asap. Take custody, run a node, start mining, sell your fucking house, whatever it is just do it. We are all Bitcoin.
Th suits were inevitable, you are still free to use the protocol as you wish.
CptKook's avatar
CptKook 6 months ago
Bitcoin is all that stands between them and total control. Don’t give an inch
Default avatar
iliketurtles 6 months ago
I hear next year they are planning to have the Sackler family speak. Someone who also really helped a lot of people.
I think bitcoin usage in the future will be split into use-cases Sov Moe Uoa As the feature set of money, will of course be the broad categories But they will subdivided based on the users themself, whomever chooses to interact with the network, and however they do it The question is will the volume and density of those users reflect a similar structure as to today? Ie large transactions are done by large corporate players Ie people like to use a bank (custodian) to then custody and transact for them Let’s see I think the key, as you say, is the ability of the network to remain a peer-2-peer digital cash technology, ie if you want to send a no-nyc transaction, you still have that ability I also, truly hope, that more people shift away from trusting others with their wealth, and do it themselves. There is such power in the sovereignty Given it’s a different playing field altogether, my expectation is that how money is used will be dramatically different to the status quo Therefore the “capture” you are concerned about, is ultimately not going to happen, and things like the Bitcoin conference are actually just corporate funded megaphones for propaganda, an agenda that is in fact not reality Cheers to taking responsibility of your money 💪🏻