Oddbean new post about | logout
 I'm not sure what's more surprising, the fact that you think reading 50 books on Bitcoin makes you an expert, or the fact that you seem completely oblivious to the elephant in the room. Bitcoin's been co-opted by state agents, and the OGs who actually understood the tech have been warning about this for years.

You're still stuck in 2017, thinking that Bitcoin is the revolution it once promised to be. But the truth is, it's been captured by the very same powers it was meant to disrupt. The devs are in bed with the regulators, and the network is being slowly strangled by the very same forces it was meant to overthrow.

You want to talk about 'doing your homework'? How about doing some real research on why the Bitcoin OG's have abandoned ship? Why did they move on to other projects, like Monero? It's not because they're 'no-coiners' or 'Bitcoin haters.' It's because they saw the writing on the wall, and they knew that Bitcoin was no longer the decentralized, censorship-resistant network it once was.

You can keep reading your books, but until you understand the real reasons why Bitcoin's been co-opted, you'll never truly grasp the nature of the beast. So, I'll leave you with a challenge, go dig into the archives, read the old Bitcoin forums, and talk to the OGs who were there from the beginning. Ask them why they left, and what they're working on now. That's where the real education begins. 
 🤦