Thread

Bitcoin might be going to $1M... But it's not from individuals buying. It's from government and corporations buying whilst keeping citizens on fiat and determining if they are able to afford to stack bitcoin. Bitcoin failed. Change my mind.

Replies (48)

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Well if that happens Bitcoin will still be held in large part by long term holders so that is a success. Individuals will still be able to buy 100k sat utxos at a time. Not everybody uses swift or wire transfers. And if it gets to the point where only governments and corporations are buying it's still a win that they are trading in an asset without a centralized issuer and a fixed supply. Or no more bailouts and war money cannot be printed. Big win. No more inflation(or at least make it much much harder) is another big win. And in that scenario miners still mine and creating cheap energy, energy liquidity/flexibility is a big win. I'd rather have hashrate securing the network than the fear of reprisals. Tldr: sound money is better than government debt.
I'm a nobody with no following of meaning. My followers here are 500× greater than anywhere else. ...and at the same time we had people like ODell etc clapping for it and happy about it gas lighting the whole community into accepting it... You can look at all my notes. There's 2yrs of me saying this kind of shit. I tried and got laughed at. Somehow this note of mine from earlier seems relevant here....
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Countries and large corporations hold massive amounts of value, money, capital, whatever you want to call it. When they join the party, of course the price goes up. I’m a citizen and I have Bitcoin. No government or corporation is keeping me from buying bitcoin. Money and stores of value are gradually accepted, that’s just the way it is. There’s no way for everyone to get in at the same time. If you think that eventual global adoption means that Bitcoin has failed then, I have no reason to change your mind. You can stack fiat like the rest of the sheep.
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I’m glad we agree on the first point. As for what Satoshi wanted is speculation. I do agree that Satoshi would like that everyone on the globe have access to and use Bitcoin. However Satoshi was way too smart and calculated to believe that governments, government entities or government employees would never be allowed to hold, access or use Bitcoin. Do you honestly believe that all governments should be banned from Bitcoin? Bitcoin is for everyone and anyone. (This is more along the lines of what Satoshi wants) Bitcoin will win.