" Bitcoin doesn't stick it to the Man ... Bitcoin IS the Man."
what made Bitcoin special in the first place is nearly lost, and what remains is a false and constructed narrative that exists in service to Wall Street and Washington rather than in resistance
Yes, the Nudging State and the Nudging Oligarchy strike back. They always do when it comes to money. Not with imperial stormtroopers or legislative sanction, but with golden handcuffs and administrative surveillance.
It’s not that the State and the status quo institutionalization of capital – call it Wall Street, for short – have any desire to ban Bitcoin. Why would they do that? No, far better to accommodate and swallow Bitcoin, like they have every other financial “innovation” for the past 1,000 years. Far better to neuter the censorship-resistant and anonymity-preserving aspects of Bitcoin, and turn it into another gaming table in the Wall Street casino.
Instead, it's Bitcoin!TM — a cartoon version of the OG Bitcoin, either a Wall Street-abstracted representation of the price of Bitcoin or a government-painted version of Bitcoin in Dayglo orange. Either way — abstracted or painted — your Bitcoin!TM is trackable and traceable, fully KYC and AML and FBAR and SWIFT and every other US Treasury acronym-compliant. Either way, your Bitcoin!TM has all the revolutionary potential of a bumper sticker and all the identity signaling power of a small tattoo on your upper arm.
Bitcoin!TM doesn't stick it to the Man ... Bitcoin!TM IS the Man.
Let’s not trash Wall Street. Yeah it’s gotten a little out of hand with the gambling and zombie companies but it’s still based upon free market principles.
Getting mad at Wall Street for “corrupting” your views on the Bitcoin protocol is ridiculous.
It’s a free and open system. Let the people come and let the chips fall where they may.
Hedging against the printer only works if the printed isn't used to acquire the hedge.
Bitcoin is a lifestyle brand confirmed
" The price of Bitcoin was the madness of crowds. The price of Bitcoin had no connection to any fundamental economic activity, just like gold had no connection to any fundamental economic activity, and thus – to this audience – could have no inherent value by definition."
is gold "art"?
dumb people, dumb article.