Mountain Man's avatar
Mountain Man 3 months ago
You put some serious thought into that. Thank you. I think we all dive into rabbit holes pretty regularly, or we wouldn't have found Bitcoin to begin with. But when I get too deep in the soup I remind myself to zoom out. Remember, everyone has the same goal - make as much money as possible. If evil people think buying bitcoin is the best way to do this - they'll own it. If religious people, Wall Street, violent gangs, and soccer moms think it will preserve or grow their wealth, they'll own it. If merchants and customers find it's the best form of money, they'll use it. Find anyone who wants to stop Bitcoin from becoming the world's reserve currency and ask yourself, "What do they think is the better play?" Then ask yourself, "Do they REALLY have the means and the will to stop the most perfect form of money from becoming the world's reserve currency forever?" This was a VERY different scenario years ago in the early stages of Bitcoin development. The only reason governments joined us is because they couldn't beat us. They couldn't stop or control Bitcoin, and everyone with the means tried. There will always be entities that try to stop/control Bitcoin, but the physical and political power required to stop the most perfect form of money from becoming the most popular form of money doesn't seem to exist, or it would have happened already. I think 20 years from now there will be a ton of people who became wealthy from Bitcoin after fighting against it for years. At some point you stop beating your head against the wall and decide to take the easier path to achieving your goals. If Bitcoin is the easier path, the smart money will eventually take that path.

Replies (2)

You are ignoring the point that for the people at the very top, it's not about making as much money as possible because they print the money. If you want some more context, look at the posts at the bottom of this note: View quoted note → To be more concrete, you're ignoring the point that permissionless technology ≠ permissionless adoption. View quoted note →
in the words of my 98 year old great aunt, "you worry too much". i'm sorry this is a low IQ response to your research. but coming from someone who worries a lot... you're worrying too much.