An excellent article exposing how Bitcoin is deviating from its core principles.
As nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtcpzemhxue69uhkummnw3ezumtpd35kutn0dekz7qg4waehxw309ahx7um5wfekzarkvyhxuet59ur8ttc0 says: "Nothing stops this train", but those who lay the tracks decide its path and final destination.
Unfortunately, it's increasingly clear that Wall Street is laying those tracks, not the freedom fighters.
nostr:naddr1qqj8g6r9946x76m9de5h5ety94ehgctzd9kxjare9468ymm2v9hz66r0wfek2qgkwaehxw309amk7apwwdhhvcnfwshxsmmnwshsygz5vzgys2zd9g23er0kyh6qcwyaggldq4lua7f8mwyf2mfgug46qvpsgqqqw4rs2jhnlq
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Indeed those who lay the tracks control destination of the train! π₯π₯π―π― Wall St is definitely going to throw the everything including kitchen sink at btc to turn it into a mere digital asset thatβs an βinflation hedgeβ. Thank you for your feedback π«‘π€
We can defeat Wall Street doing this... https://stacker.news/items/1292554
Isn't that a warning that has been issued since 2022? Wall Street and Black Rock want to convert everything into tokens.
yes, in deed.
That would just create massive arbitrage opportunity for wallstreet so extract resources from bitcoiners for cheap
I suggest you discuss this point with an AI, since in our discussions the arbitrage flow would be pro-Bitcoin and antifiat, as we explain in the article.
Ppl in the bitcoin black hole node would over value sats relative to the rest of the world. The rest of the world would come in and buy them out of all there real resources for less because its cheap relative to the normal market
You can get an ai to agree with any point. Its just a mirror
These buyers would first have to sell fiat and buy bitcoin to do that, increasing the fiat price of bitcoin outside. They would also leave their fiat providers, which then would be attracted to the black hole node. Participants could each one set a limit on how much they feel comfortable to sell using the new reference.
Do we need to measure things in fiat forever? Or was Bitcoin born ready for the step of the black hole node?