She has a point about the chips, the majority of Bitcoin mining infrastructure is proprietary and closed source; which is exactly why nostr:nprofile1qqsw4eldlh9hnu3327s6lyv5j4ryujd2w63zukjkvu2g72tvzkz6s7gpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqz9mhwden5te0dehhxarj9enx6apwwa5h5tnzd9aqvhsv6z & I co-found The 256 Foundation with the goal of making Bitcoin mining free & open.

As far as Bitcoin becoming a thing that's just held and not peer to peer electronic cash, yeah what she describes seems reasonably within reach of a psychotic power-hungry cartel IF that's what they're trying to accomplish. I don't know if Bitcoin is really the tool they've been waiting for to execute such a nefarious scheme though. Seems to me like they have complete control over the existing financial system and they could accomplish a similar outcome without Bitcoin 🤷

I will say however, that the NgU narrative has arguably been the most dangerous meme in the Bitcoin ecosystem and fuck faces like Saylor have been a net-negative. I've said it before and continue to believe that Bitcoin is just software, a tool that can be used for freedom or a tool wielded for tyranny. The ideas that Bitcoin has already won or that the Trojan horse hypothesis will just magically make the State's monopoly on violence go poof are intellectually lazy and will prove to be the catalyst for making Bitcoin the greatest revolution that never happened.