The sentiment is the following:
- mempool is empty, miners won't be able to secure the network in the long run
- lightning does not really work nor scale, so custodial solutions are emerging against the ethos of Bitcoin
- quantum could hit at any time, disrupting everything, and nobody is ready
- institutional capture is under way (Saylor, ETFs), turning Bitcoin into a fiat asset basically that poses a threat to nobody
- knots/core drama, Luke is going to fork Bitcoin
- Bitcoin is not private and somehow this was discovered recently, or became very much a problem only recently. Coinjoin won't help you because tainted coins are, well, tainted, hence no fungibility
- stablecoins are basically CBDCs and for whatever reason people thought that the trump admin was going to usher in a new era for Bitcoin
Anything else I might have forgotten?
Replies (6)
Think you covered it all
Holy shit, that sounds depressing
Oh well. Just enjoy the sun and have an Aperol.
🤷
Well this seems to be the prevailing sentiment, it doesn't have to be our sentiment though!
If this is the average sentiment, then it’s pretty safe to say the average Bitcoiner doesn’t actually understand Bitcoin, nor “money”.
The space is extremely stale. How long can we talk about “money” without an objective ground to energy? Bitcoin is not intelligible when measured versus fiat. I mean literally zero explanatory power.
This sentiment is a product of fiat thought. Fiat “Bitcoiners” keep thinking Bitcoins protocol needs to change to their fiat models and interpretation, when it is us and our minds that must change.
I think your fifth point is not actual sentiment but reality. There aren’t enough nodes. To defend #bitcoin against code changes that weaken it. Such as Core v30. Which made Bitcoin lose its panacea status as being immutable….
