MDB on Nostr: As Bitcoiners, we are facing a daunting challenge: the entire world could potentially ...

As Bitcoiners, we are facing a daunting challenge: the entire world could potentially attack bitcoin, and yet we must find a way to keep it usable.

Are we willing to live outside of the society we know, or will we continue to strive to remain a part of it?

What steps can we take to ensure that Bitcoin can still serve its purpose as a form of money, asset, store of wealth, and exchanger of goods, even if every major power system attacks it simultaneously?

The current state of affairs is far from encouraging: Central Bank Digital Currencies (CBDCs) are emerging, while some countries are banning the use of Bitcoin entirely. The United States could potentially introduced heavy regulation, while China is actively waging a war against those who use it. Russia could be creating their own CBDCs and oil-backed CBDCs.

On top of that, it could be increasingly difficult to accept Bitcoin anywhere if every major power system puts it in an outcast status. All of these factors contribute to the growing risk that Bitcoin could end up in a dystopian future.

But if we are to keep Bitcoin alive and usable, we must take action. We must find a way to combat the onslaught of attacks and regulations targeting it.

The first step is to ensure that we have a supportive country, one that is willing to accept Bitcoin and stand behind it. El Salvador has already taken the bold step of declaring Bitcoin legal tender, becoming the first country in the world to do so. But it will take more than one country to make a difference. We must also look to other nations who are sympathetic to Bitcoin’s cause and can provide safe havens for its citizens.

Beyond that, we must layer technologies on top of Bitcoin to reduce attack vectors. We can do this by creating a more robust, secure, and resilient system. This could include making use of multi-signature transactions and distributed storage solutions, as well as other measures such as privacy preserving techniques and cryptography. By making Bitcoin more resilient, we can ensure that it continues to function even in the face of a global attack.

Ultimately, it is up to us, the Bitcoiners, to decide whether or not we are willing to live outside of the traditional society.

We must ask ourselves if we are willing to give up our citizenship to ensure the continued use of Bitcoin. We must also ask ourselves if we are willing to take the necessary steps to ensure that Bitcoin can still serve as a form of money, asset, store of wealth, and exchanger of goods, even if every major power system attacks it simultaneously.

The answer to these questions will determine the future of Bitcoin, and our own fate.