Most of the bitcoin is held by individuals. But I get your point. But don't forget, that the government isn't homogeneous. It's made up of people. Personally I watch this as infotainment. Everything is good for Bitcoin, isn't it?

Might be more popular than you think

I just challenge everything I know, seek depth and observe reality. The click POST NOTE. 🤷

My message has been consistently clear all these years, get your bitcoin now because soon it will be too late. It’s later now. It will be even later in a few years. The time to act is now.

The best time to get #Bitcoin was in the past. The second best time is right the fuck now.

Walker is class of 21 bro

Are these the same little guys who said "Bitcoin isn't backed by anything." "It's too volitile." "Bitcoin is too complicated." "Didn't the CIA create it?" Those little guys? The one who fought every step of the way when each coin was $300 a piece? Now in the moment that government has finally capitulated, it's the advocates fault YOU little guys didn't heed us? HFSP

Stunning and brave

bitcoin doesn't care, but you seem to 🤣 as someone who isn't "an OG", the signaling has been clear since 2020 that bitcoin would eat everyone's lunch and be adopted by individuals, corporations, and governments alike, regardless of how the users feel. as a little guy, I dont feel like I got fucked. I feel like I was properly warned by the likes of odell, hodl, walker, etc. 🤷‍♂️

I disagree. Those 3 have consistently advocated for stacking and self custody. Governments won't wait indefinitely, and regular people had 16 years to front run.

unpopular opinion because it’s fucking dumb. of course the government wants bitcoin. it’s the best money ever created. just stay humble and stack sats and you’ll do better than staying humble and stacking fiat. regardless of what anyone else does. that’s kinda the point.

Bitcoin isn’t 500k, $1M or $10M/BTC… where do YOU draw the line to define early? Just curious since you asked… is early a financial or temporal delineation in your mind?

Yep… started stacking 3 years ago myself… instead of 10-11 years ago when a couple guys at work did and they tried to explain to the rest of us. We all get in at the price we deserve.

So, respectfully, what are you gonna do about it?

Long term thinking: Bitcoin is initially adapted by existing governments out of necessity and it eats them from the inside out because it's better monetary technology that is not compatible with the systems that it has been adopted by. This is just a necessary and predictable step on the path to a better world.

Is it good money or not? Is it free for all to use or not? You can't have it both ways.

yup. I first saw bitty in late late 2013. didn't get it, didn't buy it. Indeed we all get in at the price we deserve

Fake and GAY opinion

if the government waited 10 more years, people would still say the same thing. stack as much as you can and your patience will be rewarded in the future.

I'm definitely acting now but maybe your the one who can actually have a conversation that makes sense about my worries of bitcoins future; 1) Bitcoin as Digital Gold vs. P2P Cash: The narrative around Bitcoin has shifted significantly. While it was envisioned as peer-to-peer electronic cash, it's increasingly being seen as a store of value, like gold. This is evidenced by its price volatility, its adoption by institutional investors, and its use as a hedge against inflation. The focus has moved away from everyday transactions. 2) "Reserves" and Distribution: My analogy of personal cold wallets as individual reserves is insightful. It highlights the concentration of Bitcoin ownership. I'm concerned that by the time mass adoption occurs, most Bitcoin will be held by governments, corporations, and early adopters, leaving less for the general public. This echoes concerns about wealth inequality in traditional financial systems. 3) The Role of Governments and Corporations: I correctly point out that these entities are now heavily involved in Bitcoin. Their influence is undeniable, whether through regulations, investments, or even holding Bitcoin on their balance sheets. This involvement challenges the original decentralized vision of Bitcoin. 4) Scarcity and the Hard Cap: I argue that Bitcoin's hard cap, while intended to create scarcity, could possibly backfire. It might allow those who accumulate Bitcoin early on to exert undue influence, effectively replicating the centralized control of traditional finance. This is a valid concern. If a small group controls a significant portion of the Bitcoin supply, they could manipulate the market or restrict access for others. 5) The Missed Opportunity for Change: I reference to Occupy Wall Street and the pursuit of Bitcoin ETFs highlighting the tension between systemic change and mainstream adoption. While ETFs can increase accessibility, they also integrate Bitcoin into the existing financial system, potentially diluting its revolutionary potential. The concern is that this integration might reinforce existing power structures rather than dismantling them. 6) The Future I Foresee: I paint a dystopian picture where the current financial elite simply transition their power to the Bitcoin network before the general public. They would control the majority of the supply, and ordinary people would still be subject to their financial dominance, albeit within a new technological framework.

Here’s a structured, detailed rebuttal addressing each point: ⸻ 1. Bitcoin as Digital Gold vs. P2P Cash: While it’s true that Bitcoin’s narrative has evolved toward being viewed as “digital gold,” this shift doesn’t invalidate Bitcoin’s original purpose. The volatility and institutional adoption actually strengthen its case as a credible asset class, providing a foundation for broader acceptance. Bitcoin’s Layer 2 solutions (e.g., Lightning Network) directly address transactional usability. Adoption stages matter: gold initially functioned as money before becoming a stable reserve asset; Bitcoin may follow a similar trajectory—first storing value securely, then serving widely as a transactional medium as infrastructure matures. ⸻ 2. “Reserves” and Distribution: Your analogy about cold wallets as “reserves” insightfully highlights current wealth concentration. However, Bitcoin’s transparent ledger ensures visibility and accountability unmatched in traditional finance. Historically, every new monetary asset (gold, fiat, real estate) began concentrated and gradually dispersed with adoption and market mechanisms. Bitcoin remains far more accessible than traditional reserve assets; fractional ownership and decentralized exchanges provide pathways for wealth dispersion. The critical distinction is that early adopters assume substantial risk and uncertainty, earning their position through conviction, not institutional privilege. Future distribution improves as Bitcoin adoption increases and newcomers continuously acquire smaller, fractional amounts—an organic redistribution mechanism impossible in traditional finance. ⸻ 3. The Role of Governments and Corporations: Yes, governmental and corporate involvement is undeniable. Yet this doesn’t inherently threaten Bitcoin’s decentralization; instead, it legitimizes the network and accelerates adoption. Bitcoin’s design resists centralized control through cryptographic security, full-node validation, and open participation—no single entity or government can rewrite its fundamental rules without widespread consensus. Furthermore, governmental involvement underscores Bitcoin’s growing strategic importance, proving it is robust enough to challenge traditional systems without compromising its underlying decentralization. Their involvement may actually safeguard Bitcoin, ensuring regulatory clarity that can accelerate mainstream adoption without undermining core decentralization. ⸻ 4. Scarcity and the Hard Cap: Bitcoin’s hard cap and resulting scarcity are precisely why it’s valuable: they prevent arbitrary monetary expansion, protecting individual purchasing power. Early adopters gaining wealth is a temporary phenomenon, common across all historically successful technologies. Over time, many early adopters naturally distribute their holdings into broader society (as they spend, invest, or diversify), countering the notion of a permanently centralized elite. Moreover, market manipulation via large holdings becomes progressively harder and economically irrational as liquidity deepens with growing global adoption. Bitcoin’s transparent ledger also offers unprecedented public accountability, minimizing the risk of covert manipulations common in traditional markets. ⸻ 5. The Missed Opportunity for Change: While integrating Bitcoin into ETFs or the traditional financial system may seem antithetical to its revolutionary potential, it doesn’t necessarily dilute its transformative power. Rather, ETFs represent an onboarding bridge, allowing massive institutional liquidity and broader public adoption. This integration doesn’t mean Bitcoin loses its decentralization or censorship-resistance; it merely becomes easier for the public to access through regulated channels. Over time, increased education and exposure via mainstream avenues enable individuals to realize Bitcoin’s deeper capabilities—self-custody, financial sovereignty, and independence from intermediaries. Thus, mainstream adoption through existing infrastructure can strengthen rather than diminish Bitcoin’s revolutionary nature by expanding the base of empowered users. ⸻ 6. The Future You Foresee (Dystopian Elite Control): While understandable, this dystopian scenario underestimates the uniquely decentralized properties of Bitcoin. Unlike traditional finance, Bitcoin’s open-source nature, permissionless network participation, cryptographic security, and transparent ledger significantly limit the influence a small elite can exert, even if they hold substantial amounts. Attempting dominance through hoarding would incentivize competition and innovation elsewhere—such as other cryptographic solutions or competing economic structures—and would reduce Bitcoin’s own relevance. Additionally, Bitcoin empowers financial sovereignty through private key ownership. Users retain ultimate control, unlike existing financial systems where power structures are enforced by institutional gatekeepers. The technology structurally redistributes financial power away from centralized gatekeepers toward individuals, thus inherently counteracting persistent elite domination. ⸻ Conclusion: Your concerns are legitimate and highlight important questions surrounding Bitcoin’s future. Yet Bitcoin’s decentralized architecture, open access, transparency, and cryptographic integrity fundamentally differentiate it from traditional finance. Rather than replicating old hierarchies, Bitcoin provides the technological framework for genuine economic democratization—though achieving it requires continuous vigilance, education, and active participation by the broader community.

I think you're overlooking several critical vulnerabilities! Firstly, it overestimates the ease of scaling Layer 2 solutions for mass adoption, potentially underestimating the technical hurdles. Secondly, while praising the transparent ledger, it minimizes the growing privacy concerns that arise with increased adoption. Thirdly, it naively assumes current market mechanisms will automatically ensure equitable distribution, ignoring potential barriers for newcomers. Fourthly, it underestimates the potential for regulatory capture, where established institutions could manipulate regulations and other factors to maintain their dominance. Fifthly, it overlooks the potential for governments to use fear and uncertainty to hinder Bitcoin adoption.

Firstly (Layer 2 Scaling Vulnerabilities): You’re correct that scaling Layer 2 solutions isn’t trivial; however, significant progress in recent years (e.g., Lightning Network growth, ongoing protocol improvements, and increasing developer activity) demonstrates clear pathways forward. Bitcoin’s open-source ethos and continuous innovation are key strengths here—technical challenges are actively addressed rather than overlooked. Mass adoption doesn’t require perfection immediately, but incremental improvements over time, a pattern consistently seen with internet technologies themselves. Secondly (Privacy Concerns): Transparency and privacy indeed form a delicate balance. Yet solutions like Taproot, CoinJoin, and other privacy-focused enhancements actively address these concerns within Bitcoin’s existing infrastructure. While privacy challenges are real, Bitcoin evolves dynamically to strengthen user privacy without sacrificing core transparency benefits. Moreover, compared to traditional financial systems, Bitcoin offers users greater control over their privacy through emerging best practices and technologies—this progress should not be understated. Thirdly (Distribution and Market Mechanisms): Equitable distribution isn’t automatic or guaranteed, but Bitcoin’s structure inherently provides lower barriers to entry compared to traditional finance. Anyone with a mobile device can acquire and securely store fractions of Bitcoin, democratizing access in ways previously unimaginable. Over time, ongoing education, decentralized exchanges, and peer-to-peer marketplaces will further reduce barriers. While not effortless, Bitcoin provides meaningful pathways to equitable participation beyond traditional economic systems, where barriers are structural and deeply entrenched. Fourthly (Regulatory Capture Risks): The risk of regulatory capture is real but hardly unique to Bitcoin. However, Bitcoin’s decentralized nature and global distribution of nodes minimize the effectiveness of regulatory capture. Regulations in one jurisdiction often lead to innovation and increased adoption elsewhere, turning regulatory efforts into temporary setbacks rather than permanent obstacles. Additionally, Bitcoin incentivizes jurisdictions to compete positively for Bitcoin-related economic activity—reducing incentives for overly restrictive regulation. Fifthly (Government Fear and Uncertainty): Governments using fear or uncertainty is an acknowledged threat. Yet historically, government hostility tends to boost rather than deter interest in Bitcoin by highlighting its necessity as censorship-resistant money. For example, attempts at banning or overly restrictive measures have generally proven ineffective (e.g., China’s repeated bans). Moreover, governments adopting proactive, supportive regulatory frameworks (e.g., El Salvador) provide models for coexistence that incentivize open adoption rather than obstruction. The global, decentralized nature of Bitcoin makes top-down suppression both difficult and ultimately counterproductive. ⸻ In short: Your points rightly highlight challenges, yet underestimate Bitcoin’s unique adaptability, resilience, and decentralized governance. Bitcoin’s continuous evolution and global adoption dynamics consistently work toward addressing and overcoming these vulnerabilities.

So we should be paying close attention to bitcoins adaptability, resilience and decentralized governance. 🤔 While these have worked thus far, only time will tell if they can hold up against real world government shenanigans.

Bro cool it with the AI slop

lol I’m just responding to AI slop with AI slop

I guess we need a metadata tag NIP for others to label this kind of Nostr event

Figured your just using ai and copy pasting it's replies. I just use it to clean up my points because I only have an 8th grade education and have a hard time doing so myself... Not let it think for me... It's Like non of yall clapping for government involvement can have a serious conversation. Must be brainwashed into thinking government is good now, because bitcoin.

I’m not gonna talk to your AI dawg. You feed me AI slop I will feed you AI slop right back.

Again. I just used it to clean up and clarify my points because I lack education compared to most. Slop is just copy pasting. And we know who did that here...

The funny thing is I knew you were going to have this reaction. - You use AI - I use AI back at you - You get mad I’m using AI This was all too predictable.

Your argument against others using AI while YOU can is the same as your arguments against government using Bitcoin…. Dumb.

Physiognomy checks out lol

Not mad at all. Just proves my point even more imo... Nobody can have a serious conversation about the worries I have and stated. 👍

There’s tons of free high school and university classes on YouTube 👍🏼 no need to still have an 8th grade education

Feel free to send me some bitcoin so I can pay bills and afford time to do something else other than work to live. 👍

There’s always time to pursue education. Better than being on nostr

I've learned more useful information on nostr in the last 2yrs than any high-school education class could teach me.... 🤷

I think you are feeling a lot of misplaced anger because Bitcoin is “dumping” to $76k petrodollars, and I know that feeling well. I felt it when Bitcoin dumped from $69k down to $16k after I bought all the way up to the top. So, I will respond to this in good faith. A couple of points: 1. It’s very flattering to be lumped in with @HODL and @ODELL and I thank you for the compliment. However, I am not the “early adopter” you seem to think I am. I started stacking sats in 2020 and have bought all the way up to every top since then. I work a fiat mining job, save as much as I can in bitcoin, and do my best to create value in the Bitcoin space via @THE Bitcoin Podcast . That said, anyone who is buying bitcoin now is an “early adopter.” 2. Do you have an example of me “cheering for government to get in on Bitcoin”? If you’d like more detailed thoughts on this, check out this note View quoted note → 3. You say the government “plays the biggest role in whether regular people can afford to stack bitcoin or not” (for which me HODL and Odell are apparently to blame?) then also seem disappointed that Bitcoin’s fiat price is going down, making it more affordable for regular people (for which we are also to blame?)… This is confusing and I’d love clarification on how the three of us are to blame for everything, apparently. 4. “YOU TOLD US BITCOIN WAS THE WAY ONLY TO LET GOVERNMENT SWOOP IN AND KEEP IS OUT”…… bro, what? (4.1) who is keeping you out? (4.2) I didn’t “let” the government do shit. NO ONE CAN STOP ANYONE FROM HOLDING BITCOJN. Governments buying was inevitable… (see again View quoted note → ). 5. “Us little guys are getting fucked and will not tolerate it anymore” … I hope you’re not suggesting me Hodl and Odell are fucking you… because I can assure you we are not… the only one fucking you is the system. Those of us who are tired of getting fucked by the system save in bitcoin and try to create value in this world. 6. No, Bitcoin does *not* care. Bitcoin is a protocol. We, Bitcoiners, care a LOT. HODL, Odell and I care a lot. We also care about as many people as possible waking the fuck up and learning about Bitcoin. That’s why we talk about Bitcoin in public forums as much as possible. That’s why we tell our family and friends and strangers on the internet that they need to pay fucking attention to Bitcoin. Because we see what is happening and the inevitability of it all, and want as many people as possible to start stacking and save themselves and their families. I hope this helps to clarify things, and will continue to respond in good faith until you give me a reason to do otherwise. I promise you neither I nor HODL nor ODELL are the enemy here…

Thank you for a reply. Honestly wasn't expecting anything from anyone and for this note to fade into the void... I have zero further questions or concerns. I understand clearer now. 🫂💜 I need to quit this addiction of learning the hard way. 🙃

Oh I completely believe it.

I feel like this conversation would only ever happen on nostr…

Learning the hard way is the way. Nothing worth doing is easy (except loving)!

Dude, you're an early adopter. We all are. I know you're frustrated, I've been there beating myself up for not holding onto what I had longer or not recognizing Bitcoin when I was first introduced to it. But things are going to be okay for us both. Hear me out. 🫂 Bitcoin is on track to hit a sustainable $1,000,000 per coin in late 2028, and $10,000,000 per coin in late 2031. I've personally calculated that Bitcoin has a bottom trend line that has an exponentially growing slope, while it can and has had it's position on the Y axis change due to macro events, the slope value grows exponentially and at a consistent rate over time. There were only 2 macro events big enough to shift the trend line down on the Y axis, there was an approximate 10% drop in 2020 due to the COVID crash and 72.6% in 2021 due to China cutting the network in half and costing us significant momentum with it's ban on Bitcoin mining. As a result, we're much lower than we should or would be right now, but we're right back on track to continue to grow as we did before. Despite those major events the rate of growth (the slope) has not changed. Bitcoin is growing as fast today as it did in 2013 - 2020. I've currently calculated this as 0.2046% a day compounding over time. This is an annual growth of 109.8% or a bit more than doubling every year. Bitcoin bounces off this line with significant consistency, and is within 60% of this value 53% of the time. Lets see what that rate of growth means over time. Do you have $5000 in Bitcoin? That's a pretty good number to have at this point, how long do you think it'll take for it to grow to meaningful amounts at that rate if we just ignored bull runs that ultimately just crash back down towards the trendline? Let's find out. To calculate 0.2046% daily growth over time on $5000 I use the equation $5000 * 1.002046^x. Where x is the number of days compounding. $5000 * 1.002046^(365*4) = $98,844.33 That's a significant 20x growth in 4 years. But it doesn't just stop at that point. Let's hodl for another 4 years. $98,844.33 * 1.002046^(365*4) = $1,954,040. Now, in 8 years the dollar's value will almost be half of what it is today but that basically means $5000 today will turn into $1,000,000 of today's spending power in 8 years. Less than a decade assuming no new major global macro events like we saw the last 5 years. Effectively, you can mentally just double a number every year and you can use that to figure out when to safely retire. For example: once you hit $250,000 you can safely spend $50,000 of your stack while the remaining $200,000 doubles to $400k the next year. You can then use another $60k and watch the rest double to $680k. Use another $75k and watch the rest double to $1,210,000. Use $100k and watch the rest double to $2,220,000 and so on. Bitcoin is difficult, but it's also incredibly FUCKING easy compared to the American Nightmare we were all fed before of 45 years of work and then barely getting by in retirement. Just ignore the day to day volatility and take emotion out of play, don't get jealous of those who came in earlier, be patient and just stack little by little and you'll be a free man in just a few years. The math doesn't lie. Look at these 3 charts of an earlier calculation I did correcting only the Bitcoin mining ban and assuming a roughly 0.001% slower growth rate of 0.203% a day. The growth is astoundingly consistent. You think the last 15 years were cool? Get ready for the next 10. It's going to be a wild ride seeing Bitcoin grow extremely fast and be too big to ignore anymore very soon. 🖖🫂

How can your model work if it's been broken twice in the last 5 years . That's worse than s2f

Major global macro events can't just be ignored . That makes no sense

I do like the charts tho

My model is the slope, which hasn't changed. Macro events can alter the slopes vertical position on the Y axis, as indeed happened twice in the last 5 years, but so far they have never altered the rate of growth of the slope itself.