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84 sats \ 2 replies \ @justin_shocknet 20h \ on: What remains of Bitcoin as a Revolution freeing us from the Fiat System? bitcoin
There are literally dozens of us that got into Bitcoin originally for the permissionless MoE properties, and the impact that can have on curtailing power of the state, megacorps, and liberating the economy as a whole.
Unfortunately, most MoE maxi's are technically regarded, and bought into big blocker/shitcoin narratives as being the only way to achieve those ends. Those that are still Bitcoiners are still mostly regarded, distracted by fake L2 scams and ETrash.
Obviously, MoE doesn't matter if the underlying asset you're exchanging has no value, so MoE maxxing isn't at odds with SoV, SoV was just always inevitable, and seems that battle has been won before it even began...
The real battle is for MoE (Lightning) maximalism, the bulk of the worlds economy runs through just a handful of payment processors, and that's looking unlikely to change if Bitcoins primary function is as collateral.
MoE is where they fight us at every step. Countless intel agencies from governments and international corporations cannot allow it to happen, every fake L2 promoter and piece of Lightning FUD is astroturfed by a coordinated resistance for which there are countless useful idiots to aid them.
MoE takes monetary velocity out of [their] hands, dis-intermediates countless lines of rent-seeking businesses, and removes levers of censorship. MoE equals self-custody within the economy. We haven't won until every family or small business is running a https://github.com/shocknet/Lightning.Pub
MoE maxxing isn't at odds with SoV, SoV was just always inevitable, and seems that battle has been won before it even began... The real battle is for MoE (Lightning) maximalism
This.
SoV battle has been won due to "happy printing", which is obvious pain for savers.
MoE battle will be harder because this pain above is not so big/visible in MoE area.
And harder battle yet due to Copernicus' Law ;)
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MoE will begin through commodities trading.
Not in my opinion, through buying a coffee or buying a candy bar.
Bitcoin is pristine digital capital for the world... and eventually it makes sense as an intermediary capital for countries that don't trust each other or don't like each other, or can't agree on 'a currency' to still be able to trade.
A barrel of oil for Bitcoin. A barrel of oil for soybeans, and soybeans for gold...
Meaning bitcoin can and will be traded for each of them.
Therefore the US getting a strategic reserve (of Bitcoin) is equivalent to getting a strategic reserve of the other things too, but with potentially exponential growth.
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