Bitcoin was born in the ashes of the 2008 global financial crisis—a direct challenge to central banks, fiat money, and non-transparent systems of control. It was literally the money of misfits, visionaries and hackers who believed in freedom through code. Fast forward to today, financial institutions are offering Bitcoin ETFs, governments are buying and hodling Bitcoin, corporate treasuries are stacking sats, and regulators are cautiously stepping in.
So here is the tension, has Bitcoin’s revolutionary edge been delayed by its growing acceptance? Or is this just the next phase of the resistance, one where Bitcoin quietly penetrates the system from within and then bending it towards something better?
What do you all think please?
Does mainstream adoption compromise Bitcoin’s fundamental values and principles?
Is this integration necessary to bring about real change?
Can Bitcoin remain radical if it becomes the new financial standard?
Please drop your thoughts. Curious to see where the plebs, the OGs, and the new blood stand on this one.
Well, I think Bitcoin is far from being mainstream. Even though it reached popularity over time, a large portion of the world's population still haven't heard about BTC or even used it before. Of course, ETFs, governments getting involved in Bitcoin, and whatnot, brings the old economic system into Bitcoin (something Satoshi meant to avoid in the first place). It raises centralization risks in the long run. But what if this marks the beginning of Bitcoin replacing Fiat as the standard unit of account? Then, BTC would've already won its battle against banks.
In a "hyperbitcoinized world", Bitcoin would be the sole currency (global currency) used for the payments of goods and/or services. At least, that's how I envision it. Wouldn't it be great to participate in such "decentralized economy"? No more governments or central banks manipulating the supply for their own benefit. They will hold BTC, but they won't be able to control it (separation of money from the State). If BTC doesn't replace Fiat, then it would've failed. Am I right?