Post
Topic
Board Bitcoin Discussion
Re: Bitcoin could have helped so many more people
by
imthatguy
on 21/11/2024, 08:13:37 UTC
‘Bitcoin could have helped so many more people’ is a true statement but we should change that statement to ‘can’.

While global media channels are feeding Bitcoin’s price change to the masses it has zero correlation with its intended usecase.

Trump winning the elections and bringing Bitcoin to the masses or even creating a framework to buy 200.000 Bitcoin annually for the US reserves will directly hinder the future of Bitcoin becoming a decentralized monetary alternative for the fiat system.

Bitcoin is not intended to achieve power and controle for any organisation or group. It is intended as a public good.

Let’s not forget what Satoshi embedded in the genesis block: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”. A reference refers to the headline of the London newspaper, The Times, on the noted date. It was a way for Satoshi to warn us of the corruption of the current banking systems in place.

Hope the cypherpunks and OG hodlers will speak out more about what is actually happening right now with the trajectory of Bitcoin as it became a tool this year for populists to gain controle and power by greedy intentions.