On this Independence Day in the U.S., what does Bitcoin need to break free from?
1140 sats \ 22 comments \ @crrdlx 4 Jul 2023 bitcoin
If you could wave your magic wand and have Bitcoin break free from any one thing, what would that one thing be? Independence Day (AKA, the Fourth of July), got me to wondering this question.
I guess for me, it would be for Bitcoin to break away from misunderstanding.
Seems to me that's why it's under attack by sections of the U.S. government and why many are still reluctant to move past, "It's a scam, or it's not backed by anything, or it's just for illegal stuff." They fail to see that Bitcoin is, mostly, about freedom.
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46 sats \ 3 replies \ @TomK 4 Jul 2023
Ignorance and stupidity - something we are very rich of in Europe
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0 sats \ 2 replies \ @crrdlx OP 4 Jul 2023
It's a pandemic.
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0 sats \ 1 reply \ @TomK 4 Jul 2023
Do You have something against it? Maybe a vaccine from P. or JnJ?
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0 sats \ 0 replies \ @l0k18 4 Jul 2023
I'm sure that Cortana will tell me the truth about how to fix it.
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30 sats \ 3 replies \ @siggy47 4 Jul 2023
The U.S.
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10 sats \ 0 replies \ @f6287b82CC84bcbd 5 Jul 2023
US is ok, but but not the FED or IRS which are not government organizations
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0 sats \ 0 replies \ @stackerx 5 Jul 2023
Bitcoin doesn’t seem to be thriving in the US relative to some other countries
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0 sats \ 0 replies \ @kepford 4 Jul 2023
This ^^
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36 sats \ 0 replies \ @llamabyte 4 Jul 2023
F.U.D
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20 sats \ 1 reply \ @OriginalSize 5 Jul 2023
Centralized exchange-based price discovery.
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0 sats \ 0 replies \ @DiracDelta 5 Jul 2023
Hah! It's even worse than that for many people. bitcoinmagazine.com/markets/ftx-collapse-cause-huge-bitcoin-price-spike
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1358 sats \ 1 reply \ @JesseJames 4 Jul 2023
Nothing, let it be. Badger still doesn't care, next block in ~10 min. You like it? fine, jump on board. You don't? have a nice day.... :-)
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0 sats \ 0 replies \ @crrdlx OP 4 Jul 2023
Very true. Man I miss the honey badger meme, that line of reasoning. It doesn't get the play that it used to get, but it's the real deal.
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0 sats \ 0 replies \ @mikhael28 6 Jul 2023
From idiots looking for a get rich quick scheme.
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0 sats \ 0 replies \ @f6287b82CC84bcbd 5 Jul 2023
The Fed
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0 sats \ 0 replies \ @kepford 5 Jul 2023
Really the issue isn't bitcoin. Its people. People will learn over time though.
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0 sats \ 0 replies \ @satyagraha 4 Jul 2023
People thinking trade and speculation are the only/significant use cases.
Bitcoin is a savings technology and one that tests human coordination. If noöne accepts bids, nor undercuts the lowest ask, the existence of price insensitive users will monotonically increase the spot exchange rate.
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0 sats \ 0 replies \ @SpaceHodler 4 Jul 2023
Seems to me that's why it's under attack by sections of the U.S. government and why many are still reluctant to move past,
It's under attack by the US gov, because it's a threat to it. If the gov didn't know its potential, it wouldn't be attacking it.
It's normies who don't understand Bitcoin, not the government.
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0 sats \ 3 replies \ @designsats 4 Jul 2023
Coinbase
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0 sats \ 2 replies \ @JesseJames 4 Jul 2023
Why? That is actually one of the last remaining on/off ramps. Let it be there. My beef with coinbase is that conjoin should be a default tx out.
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10 sats \ 0 replies \ @f6287b82CC84bcbd 5 Jul 2023
theres cashapp / strike or peer to peer or btcmap for merchants to give your coins to
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0 sats \ 0 replies \ @designsats 4 Jul 2023
They are completely regulatory captured. Amassed unhealthy amount of BTC and provide custody for even more. Its worse systemic risk than Saylor.
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