Reviewed "Is Bitcoin being Slowly Sabotaged" today:
Agree on seizure risk with custodians
Agree that IBIT buying doesn’t support the network
Disagree that capital gains is an issue, easy to work around
Disagree on BTC as a commodity being an issue - it just reflects its current usage and will be changed as usage changes. Also, USD stablecoins will accelerate adoption
As for tail emissions and HODL fees - real risks but will never pass imo, spam filters are a direct contradiction to the lack of fees problem.
Overall the analysis makes sense from a pure logic perspective, and ignores the human perspective. People putting non-money data on the network are the actual users who are transacting in Bitcoin.
Agree on Conclusion - Don’t trust, Verify
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