Quote from: Vilandre on October 10, 2024, 05:21:32 PM

Nobody and nothing will save us. Bitcoin will be a part of economical industry soon.

At this point, it's too late for Bitcoin to save us. Banks are still relevant, while centralized exchanges dominate a large portion of the market. Satoshi's vision of decentralizing the economy cannot be fulfilled this way. In the early days, I've thought BTC was going to render banks obsolete and even move people's interest away from Fiat. Guess I was wrong. The vast majority people consider Bitcoin as an investment. Not a currency. They buy BTC with the hopes of getting rich in the future.

Believe me, Bitcoin is far more than "meets the eye". The whole purpose was to eliminate the middleman. But with the greedy mindset most people have, this would only be a long and distant dream. It's why banks, and centralized exchanges are still a thing. Now things are worse with the launch of spot Bitcoin ETFs in the US and abroad. Institutional investment firms will accumulate a large portion of the circulating supply. Thus, making Bitcoin unequal and subject to the desires of these giants. Governments can now do whatever they want with it.

The good old days are gone. BTC is now tied to the financial system that collapsed a few years ago. So if the mainstream economy crashes, so will BTC. End of story. At least, Bitcoin can make you money if sell it at the right time. As long as you're one step ahead of inflation, nothing else matters. Cheesy