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22 sats \ 3 replies \ @elvismercury 2 Dec 2023
Then they fight you has not yet begun, regardless of what happens w/ ETF.
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76 sats \ 2 replies \ @bitcoin_rationalist OP 2 Dec 2023
Which stage would you say we’re in?
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21 sats \ 1 reply \ @elvismercury 2 Dec 2023
At the very tail of then they ignore you, I think. I suppose you could argue for the very beginning of then they fight you, where the "fight" is the guy giving you an annoyed look.
In standard bro fight nomenclature, we haven't even got to the first "You lookin' at me?" exchange.
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0 sats \ 0 replies \ @bitcoin_rationalist OP 2 Dec 2023
I think you might he right. Supporting context:
#336305
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30 sats \ 3 replies \ @clr 2 Dec 2023
I'd say it's the beginning.
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0 sats \ 2 replies \ @bitcoin_rationalist OP 2 Dec 2023
Can you elaborate?
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41 sats \ 1 reply \ @clr 2 Dec 2023
"Investors" think about bitcoin the asset, but don't think about bitcoin the network.
The ETF is an attempt to control real bitcoin and give paper bitcoin IOUs to 'investors'. We are witnessing the same with the attempts to KYC every transaction. They appear OK with people using paper bitcoin as long as it flows through their channels. That way they can keep control. They are OK with custodians as long as they are registered, comply with money transmission laws and KYC their users.
At the same time, I expect we will see attempts to make illegal or prevent people from using bitcoin sovereignly through its own channels (on-chain and Lightning). Hence the terminology of 'unhosted wallets', the "travel rule", the attempts to criminalize on-chain privacy and so on. This is what I mean when I say we are at the beginning of the 'then they fight you' stage. It's in this stage when people will have to forget the "number go up" meme and instead adopt a "sovereignty go up" mindset. If you don't reclaim your freedom, "having money" is useless.
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0 sats \ 0 replies \ @bitcoin_rationalist OP 2 Dec 2023
Love this take- I think you are right that we might just be entering the “they fight you” stage.
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1 sat \ 0 replies \ @m4 2 Dec 2023
It doesn't matter
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1 sat \ 1 reply \ @bzzzt 2 Dec 2023
How would that be the end ?
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0 sats \ 0 replies \ @bitcoin_rationalist OP 2 Dec 2023
Did the "then they laugh at you" stage end?
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