The more bitcoin succeeds the more it fails. The more normies buy it, the more it will be normalized (ie enshitified). They want NGU, nothing more. No revolution bullshit.
Normies ain't going to hold their own keys of their non kyc btc, and transact p2p anonymously.
They have kyc exchanges. They'll get a bank to hold btc for them. This destroys the value proposition of bitcoin as the banks/corps/governments control it all. They will own nothing and be happy.
Look at the promise of the Internet - went from free p2p exchange of ideas and communications to centralized, permissioned and surveilled tool of oppression. Normies today hate the original ideals of the Internet. They want censorship and control.
But perhaps, there will be a fringe that will remain free somehow. There's a slither of humanity that currently uses freedom tech. Perhaps there will be a bifurcation of btc. kept out of the hands of the controllers, but as you say, if they control the network it's hard to see how it can be used for payments.
We still have bitcoin and nostr. For now.
How will they come at nostr?
Prepare for the worst and hope for the best.
LukeWarmwater / Luke Warmwater
npub16j…sz7t5
2024-06-25 23:46:07
in reply to nevent1q…w9gl
Author Public Key
npub16jj46dhg5ellvc4zvrzzjqgryeg5pj0p4h4cx9mwauvps9aps04qesz7t5Published at
2024-06-25 23:46:07Event JSON
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"created_at": 1719359167,
"kind": 1,
"tags": [
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"content": "The more bitcoin succeeds the more it fails. The more normies buy it, the more it will be normalized (ie enshitified). They want NGU, nothing more. No revolution bullshit. \n\nNormies ain't going to hold their own keys of their non kyc btc, and transact p2p anonymously. \n\nThey have kyc exchanges. They'll get a bank to hold btc for them. This destroys the value proposition of bitcoin as the banks/corps/governments control it all. They will own nothing and be happy. \n\nLook at the promise of the Internet - went from free p2p exchange of ideas and communications to centralized, permissioned and surveilled tool of oppression. Normies today hate the original ideals of the Internet. They want censorship and control.\n \nBut perhaps, there will be a fringe that will remain free somehow. There's a slither of humanity that currently uses freedom tech. Perhaps there will be a bifurcation of btc. kept out of the hands of the controllers, but as you say, if they control the network it's hard to see how it can be used for payments. \n\nWe still have bitcoin and nostr. For now.\n\nHow will they come at nostr?\n\nPrepare for the worst and hope for the best.",
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}