Oddbean new post about | logout
▲ ▼
fakeelite | 3 months ago (raw) | root | parent | reply | flag +1 
 Honestly, Idk my feeling on this whole phenomenon. Am happy Bitcoin is front and center and politicians are bending the knee to the industry.

But are they bending the knee!? Or is this part of the plan to bring us to heel?

Keep an eye out👀!

I’ll take freedom over NGU anytime of day
▲ ▼
Reverend Hodl | 3 months ago (raw) | root | parent | reply | flag +1 
 that is the most amazing part of Bitcoin, it dgaf whether politicos, like it, embrace it, try to kill it or ignore it. We knew this time would eventually come where a campaign on the world stage would include discussing Bitcoin, just as sure as we know that Wall St will find a way to exploit Bitcoin derivatives. 

At the end of the day, one Bitcoin = one Bitcoin. It will still be the hardest money the world has ever known. It will still be coveted by people who recognize personal freedom are not buzz words they are the template of self responsibility. If it's going to be, it's up to me.

God speed Bitcoin
It WILL change the world
▲ ▼
freddms | 3 months ago (raw) | root | parent | reply | flag +1 
 How do they bring us to heel?

The real power of #Bitcoin is it's fixed supply, and with cold storage Unconfiscatable asset. It's your work/energy stored and backed by work/energy, to be used ANY TIME you want for ANYTHING you want.

And those that have it now will need to be wise or they will lose it - REGARDLESS of their position in society. You will eventually need to work and provide value to others to gain more Bitcoin. No way elites can print it, or create laws/rules that favor them.

To 'bring us to heel' would require doing the right thing by other people. Or, you lose your wealth. Nothing like this has ever existed for humans.

I will keep an eye out, but it will be an eye on how secure the network stays and how diversifed the nodes and mining progress. Nothing I see can stop the honest network of #Bitcoin.
▲ ▼
fakeelite | 3 months ago (raw) | root | parent | reply | flag 
 I don't know what I don't know but how I see it playing out is that,

they could vilify any native use cases for Bitcoin as being the wild-wild west and regular people who aren't in Bitcoin conversations (like we are) will be non the wiser.  While these same regular people are being pushed towards controlled systems like the "bitcoin dollar", propaganda could make us look like villains for choosing a different system.

While Bitcoin might be inevitable, having the masses blame us for the break down of the fiat system will turn them against native-use cases of Bitcoin rather than embracing these use cases. In that case, no one really case about the wealth of villains. Wealth confiscation might be rampant. 

Just my thoughts.
▲ ▼
freddms | 3 months ago (raw) | root | parent | reply | flag 
 I agree with you! I think most of what you say WILL happen. It's already happening.

I'm just more optimistic we will win because they can't control us.

This may take a generation, I don't know. It depends on how fast the current system self destructs. Which it's doing. OH - and the current "Lords of Finance" (central banks and their leaderships) will at some point BLAME #Bitcoin for their negligence. It's coming!