It’s a good time to reflect on this banger of a post by @Control-Plane Capital. The last time I read it, I wasn’t convinced his decision to sell most of his Bitcoin in September 2025 was rational. A lot has happened since then, and I’m now almost on board with him. The final straw for me will be if BIP-110 fails. Apparently, the beyond-retarded Core apologists will ride this train all the way to irrelevance, but everyone else should probably start working on a Plan B, just in case. In hindsight, if Bitcoin were to fail, it was always going to be because of the developers. They are the obvious attack vector. That’s also why I’m not on board with the #Monero bros, who are likewise heavily dependent on decisions made by their developers. If you hope to avoid repeating our mistakes, Bitcoin should serve you as a cautionary tale. image View quoted note →

Replies (9)

Forking was always THE means of government as a last resort. That applies to Bitcoin as much as to Monero. Some of us have interpreted the signs of capture a decade early and we will leave Monero again if it should be necessary. For now you want to be hedged with gold, Monero and productive land and ideally a like minded community and some ammo, both to defend against physical as well as digital attacks.
Btw the dude sold at ~$114k. Pretty well timed considering most of his peers were calling for 200k and even 500k by the end of the year. We will probably see similar price levels in 2028 even if spam becomes a supported usecase. But I bet the next “bull run” will be even more castrated than the previous one. View quoted note →
The beautiful thing about Bitcoin is that it can become whatever people value most. The rules that attract the most capital, attract the most hash rate and therefore become Bitcoin. In a world where everything inflates, the rules that best protect capital from devaluation will win. It can be messy, especially when people hold Bitcoin indirectly through stocks or funds and a single entity decides how that capital is used. But in the end, the concept of Bitcoin survives. If you don’t trust the latest rules, take some money and move it to the fork you believe is safer for your capital. Put your money where you believe it is best protected. Don’t decide out of fear or follow the majority. In the end, that behavior is what drives Bitcoin’s evolution.