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7 sats \ 3 replies \ @OriginalSize 6 Jun \ parent \ on: Obvious question is Obvious: Where the hell is everyone??? bitcoin
I don't know how anyone can speak for most bitcoiners. It's not like you can do a survey. Speaking for myself my time preference has been heavily affected by Bitcoin. It's hard to see much that can be obtained directly with coin that is worth the trade. The tools are working. The sheep are well herded. Bitcoin lies in wait.
I am not be able to speak for most Bitcoiners in general but I can speak for the response my raising this specific issue on this and other Bitcoin centric forums many times (not just this thread - BTCs MoE obstruction by bankers and governments) has generated- and it has mostly generated denial, avoidance and abuse rather than sober and reasoned recognition and discussion of the issue. So I can say most Bitcoiners responding here do not see the issue or if they can they do not want to acknowledge it- because demonstrably few have so far.
Yes Bitcoin has made saving viable and even fun again (which is a great achievement in its own right for sure) - but that is SoV and that's where Bitcoin use and perception and legal definition as a speculative commodity (tracked, traced and taxed) has been herded- away from censorship resistant P2P payments.
If Bitcoin fails as a payments protocol, it fails as a money.
Fiats power is based upon its hegemony over MoE- Bitcoin shepherded into a narrative as a SoV/speculative commodity does not present a real threat to fiat hegemony- it can instead be captured and controlled by bankers and governments.
You can always hope that Bitcoin MoE adoption might come later, but I don't see how when it has been so successfully obstructed (where not outright banned) so far and where the incentives for governments and bankers to continue their successful obstruction remain in place...and finally where most Bitcoiners do not appear to even see or recognise the problem.
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See #999458
No that was the point we are passing each other on the highway from what I was trying to explain. This is what the entire ecosystem wanted and begged for since 2023 go back and watch SNL December that year I was literally saying everything was going to change post Bitcoin ETF and no one believed me. I recorded a Thriller Bitcoin podcast with Vlad that same year telling him this where we were headed. Everyone thought I was crying wolf and over reacting. That’s why I said what I said.
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I'm so glad to see that this post... has elicited some of the real discussions (and disagreements) that are necessary for us to move forward.
Somehow some kind of way especially on NOSTR the non-use or only marginal use or gray-market use of Bitcoin is glossed over.
People who really should know better almost never mention the lack of MoE... The lack of places to spend, and the total lack of "real adoption" with regards to being able to spend, exchange, and swap Bitcoin in the vast majority of "real-life" scenarios.
It's all "bitcoin bitcoin bitcoin" but obviously where do you spend it? And if you "do" spend it or exchange it P2P and don't report it then in most places it's illegal.
Like you said, who is going to report every single latte or cup of coffee... with the time of the 'purchase' of those sats, then where they were 'spent' and the 'gains' which would probably be pennies anyway? Lightning makes Bitcoin move fast... really fast the idea of 'keeping track' of every sat is ridiculous.
I don't actually believe that's it's "the taxes" that keep it from being an MoE... I happen to think there are a number of reasons for 1 sat/vbyte at this point in time (sad really). But 1) acknowledging the current state of things and 2) working to improve the situation is really important.
Eventually Bitcoin is about more than Digital Gold, it's the 'private sector' money free from government creation that's there for anyone to use... and it's just better. This conversation needs to be had in places like Nostr, Stacker News and especially Reddit plus twitter so we can move the community forward.
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