The market decides winners.
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Just like how the market decided fractional reserve banking wins over full reserve banking, and when the consequences of a bust comes due, the market asks the government to step in to bail out the system to prevent a system collapse.
Is the free market in the room with us now?
Is the market in the room with us now?
I'd argue there is no regulated market that deserves that name. Bitcoin/Monero are market enablers. Darknet markets chose Monero. Black markets still favour cash and political deals.
Satoshi knew this. When I started with Bitcoin in 2010. It was clear that Bitccoin could fit many different things.
It then started to kick out, Monero people, Ethereum people, Bitcoin Cash people, BIP110 people.
Today it's less money than ever. It's more captured than ever. If you take away the branding. Trying to reintroduce it into the "market". People would laugh it off as an epic shitcoin.
I am not the one to judge if Wallstreet has a real usecase for Bitcoin other than fleecing the plebs and holding back a monetary revolution that would mainly hit them.
But that's where we are.
Those people kicked them selves out.
no, the market decides control and influence. that's not the same as winning
That's free markets. You love it. You change it. You leave it.
Bitcoin is what it is. If people still find value in it that's great.
It's just that I do not.
Then we are all losers