bit on Nostr: **UNPOPULAR OPINION** IF we were to hyperbitcoinize and Bitcoin became the only form ...

**UNPOPULAR OPINION**

IF we were to hyperbitcoinize and Bitcoin became the only form of serious money, it would be EASIER for governments to exert control and manipulate the system back under the veneer of a decentralized currency.

Consider that on the path toward hyperbitcoinization more and more BTC will be held in the hands of cucked elites that if push came to shove would yield to State demands and hard fork the protocol in practically whatever way the State wants. Failure to comply would result in significant loss of value with customer holdings, which would be counter to the fiduciary responsibility of hedge funds. Being such significant holders of BTC, hedge funds would sell off the non-OFAC compliant fork thereby tanking the price of the REAL Bitcoin; only the hardest of Bitcoiners would be able to stomach such a downturn. It is here where other [bleech] cryptos work to distract the old money elite from ever being able to pile exclusively into BTC. The fiat mentality is to "diversify" meaning XRP, ETH, SOL and whatever other shitcoin that promises quirky new features could be a viable investment...they simply dont know any better.

And so it is: the shitcoins protect Bitcoin from a State-sanctioned attack since with the hedge funds capital divided, less of it would be solely in Bitcoin. This limits the degree to which hedge funds could drive down the price in such a way to convert people that should know better but simply cant hold onto a coin in freefall.