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0 sats \ 3 replies \ @Solomonsatoshi 22 Sep \ parent \ on: Milei : "The Market Is In Panic Mode" As Argentine Capital Exodus Accelerates econ
Except that nearly all of the Bitcoin in circulation has been and increasingly is being held as a speculative commodity- KYCed, Taxed and often under the custody of corporates.
Very little is still held outside of state surveillance reach able to be used for private censorship resistant P2P payments...and very little is.
The fiat cartel is diligently protecting and preserving its strategic MoE monopoly-hegemony.
The bankers and governments have slyly captured and now control nearly all of the supply and most Bitcoiners didn't see it- blinded by NGU speculative narrative.
At best it might end up similar to Linux. Still able to be used privately, but mostly captured and subservient to the legacy hierarchies.
Not sure about that. Saylor only has 3% and ETFs 8% so a lot is still not completely in the system even if it is kyc'd. There is still hope
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Great link thanks.
Good to see 70% still in the custody of individuals.
I just get the impression that the vast majority of them are seeing and using Bitcoin as a speculative commodity - not a P2P payments protocol.
Maybe Bitcoin/history still has a few tricks up its sleeve (like fiat collapse) and we will see MoE adoption develop eventually.
Hoping so!
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