Adam O’Brien
· 3w
The Bible is clear: store treasures that can't be destroyed.
For centuries, that meant land, gold, skills.
But throughout history we have seen people strategize and find ways to destroy (centralize) ...
They're actively trying to do the exact same thing to Bitcoin right now with ETFs and treasury companies. They are not centralizing the protocol obviously, but instead they are progressively consolidating Bitcoin ownership. Over time, this gradually reduces the incentives for individuals to run a node and encourage self-custody. They don't need to confiscate or control it, they just need to convince enough people to give it to them, and for now, it works wonderfully.