BitcoinYou are now 16 years of age, and well past your teenage years. These For many, these are the years when they make the most important decisions in their lives. It’s incredibly rare that someone gets a “redo” to wind back choices that lock them into a certain path in life.
Fear you or, I am afraid of you BitcoinersYou are about to make a mistake monumental that will affect the future of your company.
We We are experiencing unprecedented growth. The We are now at a speed that is unstoppable. The price has finally broken the 100k mark, and major nations have begun to discuss creating strategic bitcoin reserves. In The narrative of our victory has become a mantra for many people.
They can’t get to sleep at night without telling themselves “we have already won.”
Meanwhile Bitcoin It is completely unscalable. If If the entire world decides to adopt bitcoin tomorrow, all of us will have no choice but to keep our coins in custody. Coinbase Or JP MorganThe system cannot scale to the point where everyone can hold their coins. All These people are going to be exposed, have no liberty, and their coins could be arbitrarily confiscated at any time by the government. They won’t be able to start a business or build anything innovative, they won’t be able to spend their money how they wish, without government permission.
“Oh well sovereignty isn’t for everyone, it’s a responsibility. They wouldn’t have wanted it anyway.” Those few “elites” won’t have a much better situation either. They might not be able to seize a self custodial user’s coins as easily as a custodial user’s, but they don’t have to. They can just seize you. They You can be tracked, followed, or watched everywhere. If they find out that you are doing something they don’t like, they will send you to prison. That The government’s approval is required for any innovation or building.
Stablecoins Even actively facilitate new routes of demand for US Treasuries Our enemies have started to scale back on their purchase of these products. The You can find out more about it here. Bitcoin The dollar is actively being maintained by this new ecosystem that has emerged out of necessity in order to keep the Bitcoin market alive. They The dollar is not being replaced as promised.
That’s the path that we are on. One What is the best way to get in touch with you? Bitcoin The government can monitor and control the public. Where This is a great way to help. Why Were we on the right path? Bitcoin doesn’t scale far enough, and there are no incentive compatible and sustainable tools for privacy (i.e. that are simple enough and not cost prohibitive to disincentivize people not actively seeking it for privacy’s sake).
Right The path that we have taken is one where people are ready to roll over and give up all hope for the future. Bitcoin You will become rich if you create formative changes and follow the wishes of government. Beyond that, nothing much will fundamentally change as far as people’s financial lives and their relationship with the government. We need to acknowledge these problems, and actually support solutions to lessen their severity, not simply chant ourselves to sleep with “Bitcoin has already won.”
Bitcoin has the potential to bring about so much positive change in the world, but it won’t if we just get overconfident, cocky, and apathetic about solving problems we would rather pretend don’t exist. Listening The party that is blaming the arrogance and youth for their problems rarely has a good outcome.
Bitcoin You can’t afford to make mistakes that teenagers would. So don’t.
This Article is an Take. Opinions expressed are entirely the authYou can also find out more about's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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