Michele Degli Uberti on Nostr: I don't know, Mike... I love your reasoning, and I almost always agree with your ...
I don't know, Mike (nprofile…afuh)...
I love your reasoning, and I almost always agree with your statements and analysis.
That said, today I'm feeling pretty pessimistic about Bitcoin as a tool for freedom.
It appears to be in the process of being captured by the powers that be, as it seems to be mainly a collateral asset for debt, fiat currencies, and shitcoins.
Centralization, regulation, and intermediation follow. AML, KYC, and compulsory custodial services are already in full swing. After 16 years of circulation, almost nobody accepts #Bitcoin as a payment method.
I mean, it would still be a great financial investment—probably the greatest—for a while.
But in the very long run, will it still be a sound store of value without being, at least potentially, a widespread means of exchange?
I'm not very confident about the trajectory we are heading toward, or maybe today is just a bad day I went through.
I love your reasoning, and I almost always agree with your statements and analysis.
That said, today I'm feeling pretty pessimistic about Bitcoin as a tool for freedom.
It appears to be in the process of being captured by the powers that be, as it seems to be mainly a collateral asset for debt, fiat currencies, and shitcoins.
Centralization, regulation, and intermediation follow. AML, KYC, and compulsory custodial services are already in full swing. After 16 years of circulation, almost nobody accepts #Bitcoin as a payment method.
I mean, it would still be a great financial investment—probably the greatest—for a while.
But in the very long run, will it still be a sound store of value without being, at least potentially, a widespread means of exchange?
I'm not very confident about the trajectory we are heading toward, or maybe today is just a bad day I went through.