If you don't think Bitcoin can survive a friendly government I'm not sure what you've been doing here. If you think Bitcoin can be captured by Trump making a shitcoin reserve you might as well sell it all right now.

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Sikto's avatar
Sikto 11 months ago
Also, if you want a bitcoin standard you need the government on board……there are millions of people who do not have the wherewithal to think on their own. Unfortunately, they need to be told what is legitimate and what is worth something and they look towards their government, experts, and financial planners. I don’t know about you, but in all these years I’ve only been able to convince 6 people to hold bitcoin and one of them I sleep with and the others have been a result of me sleeping with the first. Mu hope is that once they do buy it, they eventually self custody, and then make some gains which maybe leads them to learn more and to further expand their understanding of what they hold.
Bingo. The Bitcoin standard is not 8 billion self-custody lighting nodes and cashu mints. I wish it was, but it's not, and that's not our fault. Take banks being able to hold Bitcoin as an example. Most people would love a Bitcoin savings account at their traditional bank. Is it captured Bitcoin? Yes. Is it a Bitcoin standard? Still yes. If you think Bitcoin fails because of fractional reserve or scaling limits or mining regulations or bitcoin loans etc. etc. You haven't thought it all the way through. Dishonest people fail. Honest people win. That's the game Bitcoin presents and that's why it continues to win. They can FAFO if they want, but allowing it into the financial system like this is a huge positive development.
I don’t think Bitcoin can be captured but it depends what you mean by captured. But I do have to say that “friendly government” is an oxymoron. Government is evil by nature and cannot be friendly.
Is El Salvador Bitcoin friendly in your opinion? Genuine question. People can be corrupted, people can be led astray, people can get rug pulled. Bitcoin itself cannot be. The old world will either get on the train or get run over. I'm not sure why people have been so hysterical recently.