hugo on Nostr: nostr:note10wwtwynygupvl7szjyd5957ku952xr4auukypwgwvl03huacm32qke7g4w

quoting note10ww…7g4w

Yes. I'm in Bitcoin for the original cypherpunk ethos (personal freedom, privacy, and decentralization) outlined in the white paper—which is why I also use Monero.

There is a large sell-out, highly-regulated price to pay for government adoption and "money go up." If Bitcoin is not used as a currency, and only as an historically well-performing, highly-volatile asset/commodity, it will still likely be a good investment, but it will have been neutered as a global cryptoCURRENCY, and have failed in its original vision.

Snowden has been warning the Bitcoin devs for years to bake in privacy on the protocol level, and the clock is ticking. Cash can be used privately. Everything will be tracked when we go full digital on a public blockchain. When AI is put to the task of on-chain analysis, all the hoops Bitcoiners have been jumping through for years to try and use Bitcoin privately will have been of little use.

There is a reason Bitcoin is being co-opted by the powers that be, while Monero is being delisted from the CEXs.