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52 sats \ 1 reply \ @028559d218 18 Mar \ parent \ on: No Moon Until Medium of Exchange bitcoin
a part of the issue is the banks and governments no question. but an equal part imo is users themselves
there is a remarkable opposition to 'spending' among the 80% bitcoin tourists who want to see the 'number go up' or who only see bitcoin as speculative. they aren't here for the revolution or the empowerment, just the 'get rich quick' and if the number 'doesn't go up' they sell. they don't spend they sell... and they have never used lightning or thought about what it could mean broadly
stacker news gives me hope because it's a working, micro version of a better internet
Yes the projection of Bitcoin as a speculative asset, not a MoE has been very successful- controlling the narrative as the ETFs and other institutional custodians like Microstrategy promote Bitcoin as a digital gold speculative commodity and this narrative is dominant.
The fact that ETFs and MS enable reduced tax on investors reinforces the narrative even more.
Governments and banks combined are slyly capturing and controlling the narrative, and Bitcoin, to preserve their fiat hegemony.
All we can do is support Bitcoin accepting businesses where they do exist and expose and confront the fiat cartels capture and control agenda.
Agree SN gives hope with a working model of what is possible.
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