Does he still have the same view on BTC now? 🤔

I guess I would ask him to list historical examples of technological innovation that governments have managed to suppress for long periods of time.

Is this the same dinner as Pomp and Visser? Blink twice if that’s correct 😆

Stealth and other forms of metallurgy & materials technology.

And this is why they want online ID verification.

Great response and analysis. I concur.

Maybe one day? Lol ₿itcoin evens the collectivist vs. individualist playing field by providing the individual the “full stack” of what we need for a functional global civilization; projecting real power for protecting property (money) rights, unsuspendable constitition, and the freedom to transact anywhere with anyone at anytime. Nostr provides freedom of speech. This is here and available to anyone now. Those who adopt it are living in the future and those that don’t are living in the past. Over generations those that cling to the past will not pass genes into the future.

Yes and no. You could say the same about government control. Years ago you could imagine that with social media, governments would have a difficult time trying to control people, because they could organize protests in social media, and have freedom of information. But as you can see, even with social media, governments like china control all the society easily. When you promote shit entertainment like TikTok, Netflix and other things, you make people dumb, they won’t be curious and search for information about daily problems like why is the financial system fucked. And bitcoin, is not exactly easy to comprehend for most people.

Repressed humans will always find the truth

Well put. It’s a crucial distinction between the past and the present that so many (myself included lol) are still wrapping our heads around. There is a book ‘The Future is Faster Than You Think’ which helped me realize the radicalness of the shifts we face, most esp when the different tech tools/advancements coalesce.

What precisely is it about improved coordination that negates the financial repression tools which Napier claims will destroy Bitcoin? I believe we need to make it sufficiently difficult for the government to control large swathes of the UTXO set to avoid what happened to gold, but I don’t quite see how better/faster communication tools help very much there.

Now we just need decentralized real time kinetic resistance that won’t amplify in response Cause the gestapo is using force out there

Look China, North Korea, Venezuela, Cuba, UK (getting worse now). All living in the age of social media, and still repressed. Governments can influence a lot of things that are difficult to change for the common person, like public education, the narrative of the media etc.

What was his response to your hypothesis?

This type of analysis closer to reality and further away from sectarian fantasies is what societies need to make their decisions transparent and not get carried away by FOMO ₿ 𓅦

>for the government to control large swathes of the UTXO set What does that mean? Control large BTC holdings, control much mining power, hash rate?

ETFs/Coinbase and Microstrategy at the present time. I see how our enhanced abilities to coordinate these days help much in the scenario where a government decides to go after these large blocks of UTXOs controlled by a handful of entities.

*don’t see

I don't disagree. I just think there is world revolution building. While evil prevails some battles, freedom will win the war. Human existence has known far more time free than our tiny little piece of terrible history

Why would a single government seizing large holdings, eg. Strategy, have significant effect on the network? If they sell, past larger sell events, the German impoundment, MtGox reparations, affected exchange rates pretty temporarily.

I don’t necessarily disagree. Lyn didn’t say exactly what Napier thinks govt would do so I’m guessing what I think is the most common claim: they co-opt a few entities that control a large (and growing) portion of the UTXO set and either outright seize it, or do something else like a forced fork onto “gov chain”. Maybe that’s not the angle. But if it is, how does the likes of Nostr combat it effectively? And if it’s not the govt angle, what would it be?

Out of curiosity, how will that threat (i.e. “governments not allowing it to function”) look like from your perspective? Maybe I’m missing something but I think most they can do is tax the hell out of people who hold it in self custody and report it (capital gains, both realized and even unrealized), or even make its ownership illegal in order to get some to comply. But even then (and by the way I see that scenario a 100% probability one, at least in some countries), I don’t see how Bitcoin “would not function”. People would still be using it. Granted, not everybody. And granted, maybe out of the law. But precisely in that scenario would Bitcoin be the life boat on a sinking ship, and not an NGU scheme for getting some alpha. The Atlas Shrugged scenario is quite a possible one, at least from my viewpoint looking at things from a western EU country.

Whoever owns which coin amounts, the network seems to perform the same. Controlling hash rate and having social influence, the block size wars and main copyright trial also passed harmlessly. What if someone can attack basic internet connectivity, can Nostr and BECH32 more securely supplant TCP IP?

Technology can make moving thrle overtone window harder, but can't stop it. If the people won't rise up against the banning of Bitcoin, government will be able to ban. Or even easier, choke any glimmer of freedom from it. I fear Bitcoin is a trap for those who value freedom.

Very cool. He will eventually update his views :)

…and worth fighting for and not succumbing to the apathy of “governments won’t allow it,” lest we add ourselves to the shelves of the Library of Mistakes

“Government and central bank social media accounts can get ratio'd. Maybe one day they'll try to put a stop to that on centralized social media platforms, but that's why the decentralized protocols are so important. “ 💪 🔥 ⚡️ 💪 🔥 ⚡️ View quoted note →

Watching the stable coin integration coming, Allowing stablecoins to circumvent traditional banks really leads me to believe otherwise. The stablecoin will be the layer of insulation between bitcoin, And CBDC’s. The Fed will bail out its top winners, And absolve predatory tokens as it seems fit, “creating borderless liquidity”. I feel lucky to have access to a bank account that I can use to buy stablecoins and with stablecoins bitcoin. I think the narrative that bitcoin will replace the dollar as the world reserve currency has been disproven, And will instead become a reserve asset in compliment to the dollar. In the distant future I see the State of Israel becoming the center of the western axis of power. Israel was the longest disenfranchised empire, Ahead of the Romans, Them the European powers. The slow decline of the Anglo-American age will lead to the rise of the Neo-Judean order for the west. There will still be a multipolar rise of the BRICS nations as they catch up to a modern quality of life, Likely seeing the most growth over the next 100 years, And the people from those countries will see the greatest benefit in terms of quality of life. The west will see a revival of its economic power starting in Israel and following with the countries and individuals participating in cooperation with this economic progress. The west carries the modern status quo that the BRICS nations strive towards, And China leads in terms of quality of life and economic development, Followed by India, And behind them Brazil and many African countries benefiting from Chinese trade relations.

we have to watch out for communities fracturing and getting smaller and smaller with less crossover that plays into their hands divide and conquer

Lyn, I would love to have been a fly on the wall observing that chat. I’m a big fan it Russel Napier and the Library of Mistakes. Hopefully Russell invites you on to discuss broken money one day and debate some of these threat vectors in detail. I would love for Russell to speak on a few bitcoin podcasts, his contrarian call on the SE Asian financial crises and his retelling tales from that era in the late 90’s was not dissimilar to a big short style and worthy of a movie. The Library of Mistakes at its core is an archive for all things wrong with the Fiat system. In a decade I think they have a section titled “Bitcoin Fixes This”.

I really appreciate his work, he's an excellent teacher

Agree Russel Napier is easily top 5 people on the planet to listen to (for me). Here is my top 10: 1. Grant Williams 2. Robert Friedland 3. Luke Gromen 4. Lyn Alden 5. Russel Napier 6. Preston Pysh 7. Pippa Malmgren 8. Adam Rozencwajg 9. Josh Crumb 10. Jeff Booth

Very interesting topic, would love you to dive deeper in your next premium report. Go in depth into Russell’s views on Bitcoin and how you counter (or agree) with each.

It would be great to have Russel at a Bitcoin conference

Those are my words not official from the LOM I might add -

The Library of Mistakes

The Library of Mistakes - Financial Library in Edinburgh's New Town

A free public library in Edinburgh focused on the world's business & financial history. Find out more and sign up to get event updates & arran...

The original Library is Edinburgh, second was in Pune, India and third, Lausanne. I’m sure there will be many more in time. Worth a listen to the podcast, or some Russell Napier’s interviews.

Spotify

National Capitalism & Death of the International Monetary System | Russell Napier

Hidden Forces · Episode

The combination of unstoppable money and uncensorable speech changes everything. Financial repression requires darkness, and we're flooding the zone with light.

I hope we win.

I hope it's in my lifetime

=========================== #2 🔥 Community Highlights =========================== 1. The signal is so high here. We need more meetups/presentations like this. Great work! 🤝 View quoted note → 2. This time this tremendous character talking to Jeff Jarvis. Watchout who 👇 View quoted note → 3. A good news from Miljan. Let’s get ready for Primal 3.0 🤟 View quoted note → 4. There is no reason to be not 😉 View quoted note → 5. Well said by the Nostr memes master 👌 View quoted note → 6. Let’s listen to a Nostr speech of Matt Odell 👇 View quoted note → 7. It is so nice to see plebs like this 💪 View quoted note → 8. This is 100% true 👇 View quoted note → 9. This is the power of Nostr 😍 View quoted note → 10. We must fight for the privacy 🤝 View quoted note → 11. Alby adds an another security layer to protect users from attackers 🔏 View quoted note → 12. Do you agree Nostriches? 🫵 View quoted note → 13. The macro discussion summary of Lyn Alden with her favorite macro analyst 🗒️ View quoted note → 14. An impressive drone show in Lugana, Switzerland 😍 View quoted note → 15. A new Nostr based voice and video calling app announced 📲 View quoted note → 16. These things can be happen to a tremendous person 🫂 View quoted note → #community_nostr_recap

Great list, agree with most and there are a few new to me I’ll need to explore ~ Thanks for sharing. My top 10 would include Doomberg.

Good list 👊