0 sats \ 3 replies \ @Taranis 20 Nov 2022 \ on: Horrible verdict about their own product: CBs embrazing gold bitcoin
i thought we were separating the money from the state. do we need the state to help us?
write
preview
1 sat \ 2 replies \ @TomK OP 20 Nov 2022
In my opinion we dont need the state to flourish. You're right: he is the biggest possible manipulator, obstacle and rent seeker. But as Bitcoin is permissionless and open to everybody - how could You possibly avoid state actors interacting? For example in the mining of BTC or putting it in the treasury? I have no idea what outcome this will have. Its game theory in action.
reply
0 sats \ 1 reply \ @Taranis 20 Nov 2022
right. bitcoin is for enemies too. i don't necessarily see the state as an obstacle though, more of a small nuance, and i don't think they're relevant.
reply
1 sat \ 0 replies \ @TomK OP 20 Nov 2022
Think You´re right there, too. Personally, I use the bear market to learn about adaption, development on 2nd an 3rd layers above the BTC-Blockchain. That gives me more than hope - there´s a lot of game-changing stuff cuming arount these days that will prosper and disrupt a lot of industries in the next cycle.
reply