Some people wonder if companies or ETFs buying a lot of bitcoin is a risk to Bitcoin. Not really. If *checks notes* buying it hurts the network, then it wasn’t a good network to begin with. As a multi-trillion dollar equivalent liquid network, it’s natural that it’s attracting big buyers now. That’s part of its adoption process. Any sufficiently orange-pilled individual, company, asset manager, or sovereign is going to want into it, and Bitcoin as an open network is money for all.
But what IS a risk to the network, or at the very least your ability to comfortably interact with the network in a sovereign way, are bad laws, over-eager prosecutors, and other things that push developers away from your jurisdiction. In addition, it’s a risk to the network when a majority of people are anti-bitcoin or anti-privacy or against self-custody, etc. Because in those environments early adopters can get treated as scapegoats for societal problems.
Engaging in advocacy that helps keep the most anti-bitcoin, anti-privacy crackdowns from occurring, and advocacy that helps codify some protections into law to prevent those crackdowns from occurring in the future, is important. So is public education around the topic.
Great episode walker (nprofile…qr8u) and matt (nprofile…k8fj)
quotingWARNING: THERE IS NO NGU HOPIUM OR BITCOIN TREASURY COMPANY TALK IN THIS EPISODE. JUST DISCUSSION OF ISSUES THAT ACTUALLY MATTER TO BITCOIN’S FUTURE.
nevent1q…rp9q
note1ny3…tzl5