Damus
utxo the webmaster πŸ§‘β€πŸ’» profile picture
utxo the webmaster πŸ§‘β€πŸ’»
@utxo the webmaster πŸ§‘β€πŸ’»
gm,

they say Bitcoin prevents war and defunds the state, but the Bitcoin industry was one of the biggest political contributors in 2024

they say Bitcoin can't be confiscated, but some of the biggest holders are governments that got the coins through confiscation

Don't be fooled by utopian ideas around Bitcoin, they're all bullshit narratives

What Bitcoin actually does: protects and grows your purchasing power, enables reliable peer to peer payments and acts as a check on power against central banks.
254❀️11πŸ€2:eyes:1πŸ‘1πŸ’™1πŸ’―1
IntuitiveGuy☯️ · 1w
It is #PeopleBanBanks 🫑🧑✊🏼 PV webmaster πŸ€™πŸΌπŸ€
Robertrobert · 1w
GMβ˜•οΈβ˜•οΈπŸŒ…πŸ™πŸ’œBased. Stay grounded in reality.
Pinguimdarelva⚑ · 1w
GM πŸ‘€πŸ‡§πŸ‡·πŸ€™
mleku · 1w
not if you lie how you spent 2 hours to get a screenshot with the number 160 on it. or keep ignoring that hashpower is expensive.
JackTheMimic · 1w
Directional ideas are not true in every inatance. bad products can make a lot of money yet, you wouldn't say "create a bad product to make a lot of money." On the average, bad products lose money. On a long time scale, Bitcoin defunds the government. incremental adoption only increases that eventua...
Heraclit · 1w
Gm
Hawk · 1w
The protocol is agnostic, and can also be used as a tool by the fiat minded.
VampireMJ · 1w
You miss the point. The U.S. can run out of Bitcoin to finance wars, but it's much harder to run out of fiat. Self-custody works if it's properly done. It's not magic; it's proof of work. Utopians build; pragmatists follow.
BaronBurdock · 1w
Most bitcoin narratives are either complete bullshit, cope, or sloganeering to signal ingroup status. I'm still grappling with this.
frphank · 1w
> protects and grows your purchasing power Exhibit A: The growth of your purchasing power. https://image.nostr.build/a953cb106355b5a690b467fa9e922cfd1512e0912589f75bc8d768e340fc1328.jpg
zlogic · 1w
Fiat is a hell of a drug, it doesn't mean Bitcoin won't one day do those things to a good degree.
Abstract Equilibrium · 1w
Bitcoin doesn't stop wars, but the only other option we've figured out for achieving agreement is shared faith (that apparently never lasts & leads to war anyway). Bitcoin the process is a 3rd **constructive** option, whether it works practically or not, it's not an idea we should ever discard.
John Satsman · 1w
How does one confiscate bitcoin? People GAVE them bitcoin willingly in exchange for whatever deal the governments offered them. They didn’t jump back to block 432883 and reroute the receiving address
EDJ · 1w
Right.. but you're conflating a few things on purpose here. They're rosy in some ways, but not bullshit. It defunds the state in the sense that they can't print Bitcoin at the expense of everyone else. People with money, especially if this is bitcoin, will always be free to spend it as they see fit...
Satillionaire · 1w
Very disappointed in Bitcoiners who aligned with Trump. But I try to have sympathy. If they knew better they would do better
captjack πŸ΄β€β˜ οΈβœ¨πŸ’œ · 1w
PEDOCOIN does nothing fixes nothing except centrailizes for now