Bitcoin has been co-opted by Blackrock and the government

[TheVigilante]

This is the view of Peter Thiel

This is the exact reason I don't like Bitcoin as much as I liked it 10 years ago

https://twitter.com/x/status/1985071565042749663

Thoughts?

 

[Dopious]

Might be good for value, but it sux hard as crypto should be an alternative to government money with freedom.

 

[roydan]

Bitcoin was never intended to be an alternative to fiat, just to act as store of value.
As time progressed the community kept developing it to somewhat act as a form of payment (like the lightning network) but it wasn't the original use case.

 

[Dopious]

Bitcoin was never intended to be an alternative to fiat, just to act as store of value.

As I remember it from the first talks on the forum when the creator made it, it was intended as a payment currency, the store of value was a bonus as there was a cap on issued bitcoins.

 

[Zwielicht]

Of course the government and companies are trying to control something that was created to be decentralised (well, at least that's what they say)...

 

[Octavia]

Of course the government and companies are trying to control something that was created to be decentralised (well, at least that's what they say)...

Who is the real Satoshi?

 

[ggmopa]

Who is the real Satoshi?

I heard that Bitcoin was the efforts of a group of Transumanists known as the Extropians - they a follow a particular Tranhumanist ideology called Extropianism. Here is an interesting article from 1994 about them. Juilius Assange was a member too. Could be one are any number of the notable members that started it or maybe even an acronym for a number of them.

 

[Dopious]

As I remember it from the first talks on the forum when the creator made it, it was intended as a payment currency, the store of value was a bonus as there was a cap on issued bitcoins.

You can read about it in the whitepaper he released in 2008

https://bitcoin.org/bitcoin.pdf

 

[ExecutePHP]

Sadly, I remember a time when bitcoin were being offered for services at a rate of 5/$20.

I’ve been offered 100 bitcoin quite a few times before it got to where it is now.

Prior to the pandemic, I knew this was coming.

Crypto is money. The government is always involved when it comes to money.