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Amazing article!!
Did inscriptions create a newly-found demand for blockspace that directly competes with the companies enabling Larry Fink’s vision for Bitcoin as “a technology for asset storage?” Do Dickbutts and Monkey JPEGs make the Tether-ification –– i.e., the dollarization –– of Bitcoin more expensive? Perhaps. But there is simply no evidence that the players on either side of this culture war are actively or willingly compromised, and to suggest such is a dangerous game.
Mark is one of the more reliable counter-signals, tip of the spear for the worst black-hat contrived takes imaginable.
Tribalism Is Not The Core Problem
That's literally all the Core / Knots drama is, it's a turf war over the governance of a github repo that should not exist in the first place. The technical arguments from both sides are equally retarded and miss the point entirely because it's not a technical debate and never was.
The way TapAss uses the chain is completely non-sequitur to that drama, he's just using that zeitgeist for clicks to FUD Tether/LL... probably at the behest of an alternative issuer/stack vendor.
the dollarization of Bitcoin
Got it backwards, it's Bitcoinization of the dollar, hipsters like Mark have their whole identity wrapped up in losing, thus incapable of recognizing each and every one of Bitcoin's massive W's
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Wow mark has stopped being Whitney Webb lap dog?
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No, looks like he just used AI to be more subtle
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😆
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Wow, awesome piece.
To not have an opinion on the latest thing, to not express and articulate said opinion publicly, is to drown in the void of irrelevancy.
But it's the most responsible position:
Blindly opposing or supporting the Current Thing because of Twitter posts and podcasts will not deliver us from the known evils, nor prepare us for the unknown.
Plus, this was funny lol:
everyone talks their own book. It’s a requirement to talking.
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Thanks. It's Book approved now.
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What precisely is Larry Finks strategy to capture the blockchain- is it via stable coins? Much of the article is above my technical level but my impression is that financialisation of Bitcoin (as an ETF, corporate Treasury asset) could potentially be increased via stable coins using the blockchain? Thus the stable coins (using Bitcoin to securitise themselves) would enable the USD to remain competitive for trade payments by enabling digital payments with equivalent efficiency to what Chinas CIPS and mBridge protocols offer?
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