> it's dangerous if Coinbase doesn't rug, and if Saylor doesn't eventually get rekt

Bitcoin's worst enemy is the enemy that doesn't hurt us. I'm going to do something with that.

Scoresby

bitcoin

The part of Bitcoin you *have* to trust

This is probably my favorite chapter of Cryptoeconomics.

> Bitcoin is based on this hope that we can resist the state, but there's no reason this has to be true.

Hope, or effort. The nice thing about consensus is that if there is consensus to resist, then there shall be resistance. This is why it's dangerous if Coinbase doesn't rug, and if Saylor doesn't eventually get rekt, and we all end up depending on these central actors that will sing like a bird and comply, and ultimately why we decentralize and why the best central entity is a dead one.