Oddbean

I would not be so sure @Jameson Lopp. Their bet is far more rational than betting on the “incumbent” Bitcoin. 900 trillion in financial assets owned by the elites are not going into bitcoin. They will not feed the “leviathan”. Fiat money is a power they will not relinquish. They are building the infrastructure for CBDCs and Corda, Ripple, Ethereum and Stellar are fighting to position themselves at the core of the 900 trillion fiat digital system. They want to preserve their power and use digital money to increase control of populations while we fight for freedom and privacy. The stakes are not in our favor and we might well lose the war. Read the articles linked below to see how they are positioning themselves for the new monetary system. “R3 began as a consortium of banks and is also a major driver of CBDC and stablecoin development globally. R3 is currently under contract with the UAE’s Central Bank to build out the nation’s CBDC system” Ripple, Ethereum and Stellar are all doing the same and partnering with the Gates Foundation and the WEF and the world’s major Banksters and governments worldwide. Not to fear them as an all powerful adversary for Bitcoin is just naive. They will fight Bitcoin adoption as follows: - attack bitcoinś privacy weakness and make it non-fungible. This might relegate non KYC coins to a black market - they can pass any regulations they want. They can tax unrealized capital gains tomorrow and make it a nightmare to hold it. - they can close the fiat-CBDC rails in and out for non KYC bitcoins. - the will heavily manipulate the price of bitcoin thanks to “Santa Blackrock & Co ETFs. I wrote many posts and articles about those topics without any reactions from the community. It seems that bitcoiners pay very little attention to what happens in the world outside which is undergoing an extremely dangerous geopolitical transition, and a new monetary system will be at the heart of the fight. So I would suggest to use #nostr for a more productive discussion about the coming Bitcoin hard war and how to fight that because I have no doubt whatsoever all the above shit will rain down on us bitcoiners pretty soon. https://unlimitedhangout.com/2023/12/investigative-reports/as-cbdcs-roll-out-elite-backed-digital-payment-systems-vie-to-build-the-global-payment-standard/ nostr:note1vv6faff7ju2449qwxz54qftehs3d4xlgcle7apsnn0a3d2mlzv5sa3yu76