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100 sats \ 0 replies \ @nerd2ninja 30 Jun 2022 \ parent \ on: Grayscale Is Suing The SEC For Denying Its Spot Bitcoin ETF bitcoin
No, and I think a focus on price is a distraction. I'm also concerned about the overall willingness to appeal to the old guard for bag pumping purposes. We doxxed a lot of miners in hopes of defeating the ESG narritive that Bitcoin was bad for the environment and not only did it not defeat said narritive, a lot of our hash power locations are now geographically identified. I've been thinking of ways to repair this such as ASIC based space heaters. I think Bitcoiners need to remember that governments are part of our threat model.
Yes institutions manipute the world's wealth, but they do this by printing dollars to steal from savers to in turn trade for money (often houses aka houses are the money of the 1%). Bitcoin being a limited supply, absorbs this money printing. That's all we've needed. Bitcoin's fundamentals are what will allow Bitcoin and Bitcoiners to flippin the institutional control, not an appeal to it.
A user posted this today: https://bitcoinmagazine.com/business/38-high-school-students-in-el-salvador-earned-a-bitcoin-diploma
I believe this will flippin institutions
This is an initiative in Africa that builds communities and teaches people about sound money: https://www.builtwithbitcoin.org/
I believe this will flippin institutions
I believe new Bitcoin businesses will flippin institutions
I believe the principles of sound money volunteerism by which volunteering builds up people and thereby increases productivity in an economy which uses Bitcoin and therefore increases the amount of goods and services can be purchased with the sound money known as Bitcoin will flippin institutions
Institutions will be flippin'd because the nature by which the system operates is its own poison.