Re: Is it okay for Bitcoin Core development to be funded by Banks?

To start, Banks and governments will fight to prevent its use as a currency or they will co-opt it to more completely control the movement of money.

Yeah, and how is that working?
Cause I see governments legalizing's Bitcoin everywhere but when I ask bitcoiners if they want to use it as a currency 99% of the responses are "My previous, why spend it, it can be 10000% after the halving, it's stupid to spend this investment, my precious, give it to me". Grin

They will have to sell bitcoins to have cash but how much they will sell from total bitcoins they have will be different by investors. Investors who have strong finance and good finance management, will don't need to sell bitcoin because need of money to use. They already reserve cash to use without need to sell bitcoin. With small investors who can bet all in bitcoin, they have bad capital, financial management and they will have to sell bitcoin even before a halving.

I thought we were talking about a currency, not an asset! Grin

This is not about investors!
This is about people right here on bitcointalk outright refusing to use Bitcoin as a currency because it will waste their get rich by doing nothing chances!
And all this thing makes zero sense since you could simply buy a $100 shoe with Bitcoin and then use your $100 to buy back Bitcoins, promoting usage and promoting adoption, it's not like you pay those satoshi and are forever gone, but good luck trying to change that mindset.

https://decrypt.co/214834/sharp-decline-in-crypto-payments-puts-el-salvadors-bitcoin-adoption-in-question

Quote

With only 1% of remittances made using crypto—a notable decline from the previous year—the nation's bold Bitcoin initiative is falling flat.

So, who's the enemy against adoption, the government, banks, or the person looking back from the mirror?