Not much to debunk - except that the risks that you point out are being solved by education, circular economies, privacy tech such as Fedimint by a ton of builders, OG’s, and others who know the risks and choose to spend their time building and contributing to an alternative reality of what you pose here. It only seems like there are fewer because many of their voices are being drowned out by the flavour of the day.
That’s why I’m so optimistic. I know for sure that governments will try to co-opt Bitcoin and most will go along with it…..measuring in price go up…..BUT, that polarity creates the opportunity to provide immense real value….and I’m
spending my time with those building something that won’t be stopped.
Replies (2)
💯! Repricing everything includes nation states and they will be the last to catch on. The ultimate hubris. Newspapers, Music, Movies, Retail, Banking and soon Fiat economies.
Imo - gold sniffs it, Bitcoin measured in energy seals the deal.
Thanks for taking the time.
I think privacy tech will be heavily suppressed/stopped at scale.
Circular economies are awesome but niche.
Most of what I've written about in the article is an education problem and gets solved by talking about these issues.
As you said, most measure in price go up, so all people want to hear is that Bitcoin is going to $1 million in 2 years.
Ironically, this would be more realistic if people took self-custody instead of buying IOUs and gambling on treasury company penny-stocks.
I hope I am wrong on the privacy tech suppression at scale angle. We'll have to wait and see.
