What is Nostr?
/ Olive Grove Eggs
npub10dp…9zws
2024-11-05 09:12:04
in reply to nevent1q…hh9x

Olive Grove Eggs on Nostr: Your reference to making a law to allow bitcoin usage under certain conditions jumped ...

Your reference to making a law to allow bitcoin usage under certain conditions jumped out as an act of control.

Bitcoin already has rules, which work quite fine without, and with no care for any attempted intervention. It saw off China apparently.

That's where I was coming from with "control"


I don't doubt that your scenario is an accurate portrayal of the likely direction in "stable" states but it should hopefully be a deviation as people realise the system they have got used to is more broken than they thought.

As Self custody options improve in leaps and bounds, along the trajectory we have seen in recent years, bank solutions will become ever more exposed for what they are - desperate land grabs that change nothing for the vast majority.

I don't want to see a collapse, bankers are people too, apparently, but just look to the actions of people in broken states who already understand that a bank is not necessary to use bitcoin.

There will be much effort to shoehorn broken institutions into bitcoin, but at some point the lights will come on en masse. bitcoin offers a 180 degree alternative to the dead end direction the financial system was taking us. I don't know if I will be around to see it, but I like to think I maybe contributed a couple of sats worth to the outcome.




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