Is bitcoin being co-opted? Discernment is crucial. Keep in mind that the banking cartels and empires that it threatens are the most powerful organizations in the world. They have the ability to create endless money to fund whatever covert attacks they wish.
I've been a maxi for a while now, but started wondering if maybe I'm being deceived as of late. Suddenly wall street, governments, and the bankers are all on board? Why is it that it's only the privacy layers that are under attack? Most the L2 are all custodial and it's nearly impossible for the average person to obtain non kyc coins.
I'm not making any certain claims, merely encouraging everyone to constantly question their own views and opinions. We are up against evil itself. The most deceptive and conniving force known to man.
May we stay vigilant and pray for discerned.
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Totally agree! It's super important to stay aware and question everything around us. Let's keep the convo going and support each other in finding the truth. Together, we can stay strong! 💪 #StayVigilant
The people piling in are not stupid. They know the system is doomed
Also, Bitcoin does not GAF
How is something being embraced by the Banksters and more and more governments a threat?
I had some similar thoughts and wrote them here :
He's right. My favorite part was how bitcoin benefitted from the adversarial environment of being against the system - governments probably wouldn't have stopped the "war on drugs" without bitcoin giving people power back (IMO the war on drugs isn't over, and lots of places never stopped, and there's a "the empire strikes back" sequel coming.) When everyone was sure the government would attack, only the dedicated crazies were here. I wasn't - I arrived with the crowd of mediocre people, who needed to hear that bitcoin is unstoppable and we're gonna win and the suits are coming. But without that struggle, there's less reason to remain the hardest and most unconfiscable money, so we're letting it slide.
So, inserting my own thinking here, the suits are here with their big bags of money, but big bags of money come with rules. The main rule, which is never spoken but never absent is : compromise, don't be extreme. Also, bend the knee, integrate, pay your overlords. Its a protection racket, like gangsters controlling a street, but more legitimized because of the veneer of authority. Money wants to grow ; money hates shrinking. So the be-suited money bag says, you can have a pile of cash if you make it easier for me to sell a product. And if you don't make a compromise, then we'll find a way to replace you. That process exists everywhere, not just bitcoin. The benefit of being against the system is that we can grow without that dissolving pressure. I think we should find a way to be against the system again, and get the money bags to fuck off.
I think I might disagree a little, in that I think there's merit in Hodl's saying we should change the consensus rules - I don't think he means it, its like the one thing that should never be done, so its rhetoric - but if that's the more adversarial path, then that's probably the correct path, if we can do it without fucking it up. There should be hundreds of forks right now. That would certainly help in getting rid of the suits.
"Winning" against crypto, in as much as we have, might be hurting us. Crypto is/was experimentation, which could be brought back into bitcoin. The problem is the confusion with the money. Money is not value. It represents value, but its not the thing. When people use price as a proxy for value, they're inviting an error. The experimentation is the value. If people are discouraged from experimenting because they see the prices and think that anything that's not bitcoin is pointless, then that hurts bitcoin. Fork the motherfucker. Its made to be forked as much as its made to be used. Most forks are junk, and that's good. Most people are junk, too, and that's good. Look at Bcash - junk thing made by junk people. But they tried... And if they hadn't, then we wouldn't know how bad it is. Would lightning exist if bcash hadn't tried and failed? Pretty sure that was the order - it was before I got here, so correct me if I'm wrong. It was junk because it wanted to compromise to get the money bags. But its a wild success because it moved the money bag chasers out of bitcoin for a time! But that time has passed. We need a new thing to get these morally compromised compromisers the fuck out. I think its fork time. I think its way past fork time.
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The cool part is they don’t have unlimited money. They can only print to the point where inflation seems normal and people don’t realize they’re being stolen from. Bitcoin will help people see the theft. Governments and wealthy see this and are trying to get on the new system 1st. Once the flood gates open and everyone starts to move to the new system governments will loose their power to print.
"Nearly impossible for the average person to obtain non-KYC coins" is a crazy statement. It's literally as easy as asking someone you know in person or online to send you some bitcoin. Hell, send me fiat on venmo and I'll send you sats. There's an opportunity for the average person to obtain bitcoin without KYC.
How many average people know an og with non kyc'd coins?
I don't think you understand what that means. KYC applies to the purchaser, not the coins. There are no KYC coins, only people who acquired coins through a KYC source.
Example: I buy bitcoin from a KYC exchange, then I sell them to you. You did not have to complete any KYC requirements to obtain those coins, you obtained them by non-KYC methods.
It really is that easy.
I know what it means. As soon as they've been purchased through kyc, they can be traced. A simple audit and the person with the kyc'd coins needs to disclose where they were spent. After all, all transactions are taxable events
Sounds like you're constructing your own prison on this one. The information on tax forms are dates and prices to calculate the capital gain or loss. Nowhere are you asked to report who you sent them to. This is not a real issue.
Think it through a little.
I have, and that is the logical conclusion. Wake up and smell the coffee. You want to talk about bitcoin being co-opted? The people worried about playing by the fiat rules are playing right into the system.
I agree, but you have to see the writing on the wall. They are attacking all private forms of transacting on bitcoin and slowly gaining control of all on /off ramps, persecuting non compliant wallet programmers, and pushing everything into easily traceable/controllable systems. I'm not saying everything is stuck in that, but how are you going to use bitcoin privately when every wallet has to be kyc compliant? There will be large fines/penalties for those who attempt to operate outside the surveillance state. Soon the hardware themselves won't install non compliant software. It's coming quick. Not saying it can't be overcome, but there's a lot of work to be done
That's not the way I'm using the system, but I'm talking about average people trying to use bitcoin.