I was forced for many years to use Monero in daily business when I would have much rather been using Bitcoin because is has not been fungible for me, and its lack thereof has interfered in my business and life. There were many opportunities for Bitcoiners to demand Core actually address the issues that prevent the daily use of Bitcoin as money by those of us that don’t have bank accounts. They have repeatedly rejected this to instead pretend some shithole village in Latin America has adopted daily use of the Lightning Network. They, of course, have not, they simply pretended to do so for long enough that they can get free handouts of Bitcoin from drooling libertarians which they have since sold. All so that the startup grifters who pay their crypto influencer tard wranglers can convince gullible venture capitalists that a handful of retarded third worlders in favelas doing a couple custodial LN transactions is a bullish sign for Bitcoin.
Meanwhile, the chart tells the real story. Bitcoin is losing steam as a speculative asset. This is potentially the final cycle. The last chance for Bitcoiners to transmute the massive influx of institutional capital we saw from 2021-2025 into a product that actually has real utility and serves the needs of people who want to use blockchains as their main financial ledger. The last bull run was the most pathetic cycle yet, 69k to 126k top to top.
There’s been zero consideration among Bitcoiners that faith in Bitcoin’s “inevitability” has been poisonous to actual adoption, and that Bitcoin is potentially poised to permanently settle at a major loss when the lack of an additional significant ATH refutes the power log scale delusion. Past performance is not indicative of future results.
Some people at the top of Bitcoin do realize that the foundational market opportunities that were missed represent existential threats to the future of Bitcoin, which is why so much accommodation was given to NFTs via Ordinals (to a complete failure, ord.io just shut down last month) and now Citrea, which is bringing EVM compatibility to Bitcoin. The problem is that these are settled markets with winners already chosen. Bitcoin is not going to be a clearinghouse for NFTs or smart contracts. Other chains that decided to implement useful features in a timely manner already won those games, and Ord’s failure shows that Bitcoin’s historical significance is not enough to attract participants when you show up many years too late.
Bitcoin has to be money, not only because it was the original vision of Satoshi, but because Bitcoiners have rejected the opportunity for the blockchain to be used for any other application in a timely manner. Every real world use of blockchain has gone to other chains, because idiotic Bitcoiners turned their nose up and sneered about “monkey jpegs” as other blockchains were garnering actual users and creating sustainably valuable fee economies. Just as it was too late for Ordinals to succeed in a settled NFT market, Citrea’s attempt to create an EVM contract market via Bitcoin is not realistic after so many entrenched alternatives.
Every business I have seen that uses Monero and Bitcoin always sees more Monero usage. People actually want to use Monero as currency. Fungibility is the primary concern of people who actually use blockchains for their daily finances. I don’t have a bank account, and I can tell you that it is my primary concern. I am using Monero because it is fungible, and I am not using Bitcoin because it makes it impossible to run a stable business. People that tell you Bitcoin is better as money aren’t even capable of being qualified to make this statement, because they always still have bank and investment accounts. They are still on the grid of the legacy financial system. Bitcoin has been relegated to something I simply hold, and I increasingly ask myself why I would continue holding it over something that I actually find useful. Other people much less ideologically aligned with Satoshi’s vision than me out there must be asking themselves the same thing.
Bitcoiners have a final opportunity to make a push to become money, but they have to abandon chasing markets they have already lost. There is only one way to save Bitcoin, and that’s for Core to create a fungible currency using Monero’s model of Full Chain Membership Proofs. I truly love Bitcoin, and I wish I could be using it on a day to day basis. But Core has consistently rejected the implementation of any feature that could make Bitcoin useful as money in a timely manner, while there is still money to be made and viable businesses to be integrated with Bitcoin. They have historically rejected any opportunity to salvage this situation.
I believe we approach the last window for Bitcoin to become money, instead of a historical marvel in the development of blockchains. Grifting off the history of Nakamato consensus for so long while trying to shove “solutions” that the market has repeatedly rejected down people’s throats has not worked. It’s time for Bitcoiners to stop scamming venture capitalists and implement what the market actually has demonstrated it wants in a currency.
Meanwhile, the chart tells the real story. Bitcoin is losing steam as a speculative asset. This is potentially the final cycle. The last chance for Bitcoiners to transmute the massive influx of institutional capital we saw from 2021-2025 into a product that actually has real utility and serves the needs of people who want to use blockchains as their main financial ledger. The last bull run was the most pathetic cycle yet, 69k to 126k top to top.
There’s been zero consideration among Bitcoiners that faith in Bitcoin’s “inevitability” has been poisonous to actual adoption, and that Bitcoin is potentially poised to permanently settle at a major loss when the lack of an additional significant ATH refutes the power log scale delusion. Past performance is not indicative of future results.
Some people at the top of Bitcoin do realize that the foundational market opportunities that were missed represent existential threats to the future of Bitcoin, which is why so much accommodation was given to NFTs via Ordinals (to a complete failure, ord.io just shut down last month) and now Citrea, which is bringing EVM compatibility to Bitcoin. The problem is that these are settled markets with winners already chosen. Bitcoin is not going to be a clearinghouse for NFTs or smart contracts. Other chains that decided to implement useful features in a timely manner already won those games, and Ord’s failure shows that Bitcoin’s historical significance is not enough to attract participants when you show up many years too late.
Bitcoin has to be money, not only because it was the original vision of Satoshi, but because Bitcoiners have rejected the opportunity for the blockchain to be used for any other application in a timely manner. Every real world use of blockchain has gone to other chains, because idiotic Bitcoiners turned their nose up and sneered about “monkey jpegs” as other blockchains were garnering actual users and creating sustainably valuable fee economies. Just as it was too late for Ordinals to succeed in a settled NFT market, Citrea’s attempt to create an EVM contract market via Bitcoin is not realistic after so many entrenched alternatives.
Every business I have seen that uses Monero and Bitcoin always sees more Monero usage. People actually want to use Monero as currency. Fungibility is the primary concern of people who actually use blockchains for their daily finances. I don’t have a bank account, and I can tell you that it is my primary concern. I am using Monero because it is fungible, and I am not using Bitcoin because it makes it impossible to run a stable business. People that tell you Bitcoin is better as money aren’t even capable of being qualified to make this statement, because they always still have bank and investment accounts. They are still on the grid of the legacy financial system. Bitcoin has been relegated to something I simply hold, and I increasingly ask myself why I would continue holding it over something that I actually find useful. Other people much less ideologically aligned with Satoshi’s vision than me out there must be asking themselves the same thing.
Bitcoiners have a final opportunity to make a push to become money, but they have to abandon chasing markets they have already lost. There is only one way to save Bitcoin, and that’s for Core to create a fungible currency using Monero’s model of Full Chain Membership Proofs. I truly love Bitcoin, and I wish I could be using it on a day to day basis. But Core has consistently rejected the implementation of any feature that could make Bitcoin useful as money in a timely manner, while there is still money to be made and viable businesses to be integrated with Bitcoin. They have historically rejected any opportunity to salvage this situation.
I believe we approach the last window for Bitcoin to become money, instead of a historical marvel in the development of blockchains. Grifting off the history of Nakamato consensus for so long while trying to shove “solutions” that the market has repeatedly rejected down people’s throats has not worked. It’s time for Bitcoiners to stop scamming venture capitalists and implement what the market actually has demonstrated it wants in a currency.
2510❤️9❤️3🤔3❤2👀2👍2
