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9 sats \ 4 replies \ @Solomonsatoshi 10 Dec \ on: Bitcoin imposter syndrome bitcoin_beginners
Read this-
https://worldfreebooks.com/book/the-bitcoin-standard-by-saifedean-ammous/
Then read it again if necessary- it covers all the basics.
Most important to understanding Bitcoin is first understanding money and fiat in particular and most of TBS does just this.
Then toward the end it goes into the Bitcoin technology and covers most of what you need to begin understanding Bitcoin and the world it exists in.
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Thanks for the pdf. Section entitled Out of Control: Why Nobody Can Change Bitcoin in Chapter 10, gives a pretty good answer to my question.
The "highly unlikely" possibility of a serious implementation change is much better than the fiat alternative, where it is pretty much guaranteed to change based on decisions made in smokey backrooms.
I guess the institutional adoption wave gives me some anxiety. No such thing as 100% certainty with anything, except continued fiat debasement.
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Agree the institutions are not all our friends and they have their own agendas.
The rentseeking fiat bankers want Bitcoin restricted as much as possible to being a relatively harmless SoV/speculative commodity that they can capture and control - they do not want their fiat MoE hegemony threatened by competition with Bitcoin.
We cannot stop them from acquiring Bitcoin but we can inform everyone that there are real potential dangers in institutional custody...especially in giving ETFs custodial control of Bitcoin they have not paid for-
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