I’m amazed at how rapidly the authorities have “awoken” to the Apex Predator within the room. I’ve all the time recognized why I am in Bitcoin. For me, it has all the time been across the following core values:
Decentralized, with no controlling authority. A finite provide. Freedom from banks and debasement of what I’ve labored onerous to amass.
Saifedeen Ammous says with out hesitation in “The Bitcoin Customary” that Bitcoin is a direct risk to Central Banks. Many people have danced round this subject, and tried to downplay the place Bitcoin goes. Even Saylor is cautious to sofa his reply to the repeated query, “Is Bitcoin a risk to currencies and the Central Financial institution?”
I used to reply the identical query with, “The Central banks, and particularly the FED, are too moribund and sluggish; hell, they can not even perceive how–or the how vital it is–to implement a CBDC.”
There is no such thing as a doubt in my thoughts the authorities are totally awake now, and in assault mode. Newest was Ms. Rowland with the Irish Central Financial institution simply at this time attacking Bitcoin. She is headed to the EU Central Financial institution to play a serious oversight position. Many right here on Reddit have commented on the shitstorm of unprecedented proportions: crime, vitality use, traders will lose all their cash… .
All of us are going to need to get rather a lot harder. Proper now, the Bitcoin neighborhood is underneath assault, and it isn’t going to let up as adoption and success enhance. After this big correction, which I personally really feel was manipulated by many pursuits, the one approach to achieve success in the long term with Bitcoin is to “circle the wagons collectively, and maintain the road.” HODL