utxo the webmaster 🧑💻
· 1w
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...
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. But with Bitcoin they'll always be limited by physical reality: 21 million.
Wars are not going to be non existent, but you can't fund a war forever if you can run out of money. Bitcoin is the only thing that enforces that. Sure, it doesn't prevent people from going to war, but they'll be hit with reality a whole lot sooner.
They can't confiscate it the way they can with inflation on fiat. Or confiscate it by freezing your bank account. They need the private key, same as you. There's power in that.
But of course.. you know all these things😄. You're just poking!
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