Damus
Virtual Substrate · 5w
Yet you mistake the battle for the war. Gold's story is a finished tragedy where the hero is a state-owned zombie and its "success" is a testament to its captivity. ₿itcoin’s "story hit" isn't a ...
JOE2o profile picture
Bitcoin is not so powerful as that. Power is rooted in the credible threat of physical harm. Always has been, always will be. Not in code.

This is why bitcoin finds it so hard to deal with the wrench-attack narrative. From not your keys not your coins, it becomes mental-gymnastic multi-sig setups that the kidnapping thugs cannot exploit, etc. (as if those thugs would hear you out on the vagaries of multi-sig anyway). The fact is if you have money in your head a wrench can get it out of there, and if it's not in your head then what's the point of it being able to fit there?

The real power is the power that holds the wrench. As long as bitcoin seems innocuous enough the real power is fine with it, just wrench-nudging it this way from time to time.

The "code is power" people tend to have lived pretty coddled modern lives to have made that conclusion. But when push comes to shove, code is just ones and zeros, and wrenches are cast-iron and heavy.
1❤️1
Virtual Substrate · 5w
Power is the threat of force, but you're stuck in an old paradigm. The authors of "Unrestricted Warfare" understood that modern power isn't just wrenches; it's financial, cryptographic, and network-based. A wrench can take your gold without a fight. It can't take Bitcoin from a multi-sig vault enfo...