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0 sats \ 0 replies \ @Solomonsatoshi 22h \ parent \ on: Trump’s Dollar Tantrums and Bitcoin's Rallying Cry? (FT, Eswad Prasad) econ
Bitcoin is not being used or perceived as a P2P payments protocol.
It has become increasingly a speculative commodity increasingly captured and controlled by institutional bankers and brokers.
Most Bitcoin appear in blissful ignorance of this - perhaps due to the windfall speculative gains they have enjoyed so far.
But without MoE P2P payments use and utility Bitcoin is a FAILED revolution.
It fails to confront and present an alternative to the fiat hegemony over MoE.
It is relegated to being a relatively harmless speculative plaything- held increasingly in the custody of bankers and their nominees.