Post
Topic
Board Bitcoin Discussion
Re: Not your vault, not your money. Why some nation-states will HODL Bitcoin.
by
ETFbitcoin
on 05/11/2021, 10:57:27 UTC
@Wind_FURY I would say that the thing with your statement is that it is entirely true, but will be portrayed by Bitcoin opponents and the media in a different way regardless. That doesn't stop Bitcoin, but it might slow it down in so far as the skeptics get a confirmation of their misguided understanding (or simply the lack thereof) of Bitcoin and what it is all about. They twist the neutrality proposition of Bitcoin into something that is bad because when everyone is the same it would mean the bad guys are as good as the good guys and vice versa, while not understanding that (quote:) "“good usage” and “bad usage” does not exist in the blockchain".
What’s new with that? That will merely be just another FUD, that will DIE, like all of the other FUD. Did that stop Bitcoin from being adopted by the billionaires as a HODL-type, long term investment? NO, they came, they bought, they HODL. Did it stop the network? No, the network keeps chugging along, to used by ANYONE, ANYWHERE, ANYTIME. Permissionless, censorship-resistant.

But did that slowdown Bitcoin adaption? Did it attempt to disrupt Bitcoin development? Did it attempt to make running node harder (e.g. port 8333 blocked)?