There's a debate happening on the floor at Bitcoin 2026 right now.
Some people are upset that the SEC Chair, the FBI Director, BlackRock, and Eric Trump are all on stage at a Bitcoin conference. They're calling it institutional capture. "Grift." A betrayal of the cypherpunk roots.
I get it. But I think it's actually the opposite of a problem.
Bitcoin was designed for enemies.
That's not a metaphor, it's the architecture. Zero trust. No one has to like each other, agree with each other, or share values. The rules are in the code. You can't cheat. That's the whole point.
Satoshi didn't build Bitcoin for people who already trusted each other. He built it for a world where they don't.
So when governments, banks, and regulators show up at the table? If bitcoin didn't fail, that was always going to happen. Bitcoin doesn't need their permission to work, but it working is exactly why they're here.
The cypherpunks and the suits can both hold Bitcoin. Neither can corrupt it.
That's not capture. That's proof of concept.
Some people are upset that the SEC Chair, the FBI Director, BlackRock, and Eric Trump are all on stage at a Bitcoin conference. They're calling it institutional capture. "Grift." A betrayal of the cypherpunk roots.
I get it. But I think it's actually the opposite of a problem.
Bitcoin was designed for enemies.
That's not a metaphor, it's the architecture. Zero trust. No one has to like each other, agree with each other, or share values. The rules are in the code. You can't cheat. That's the whole point.
Satoshi didn't build Bitcoin for people who already trusted each other. He built it for a world where they don't.
So when governments, banks, and regulators show up at the table? If bitcoin didn't fail, that was always going to happen. Bitcoin doesn't need their permission to work, but it working is exactly why they're here.
The cypherpunks and the suits can both hold Bitcoin. Neither can corrupt it.
That's not capture. That's proof of concept.
82❤️8🤙2❤️1👀1🧡1
