He's hardly alone in "flagging" this. Honestly. I'm kinda tired of hearing about this.

But... he's not wrong. The point is that its bitcoiners that are doing this stuff. Not bitcoin. Its not that different from gold-bugs wanting the state to back its fiat with gold. If a president was talking about this they'd be equally as pumped about it. I know that's not what is happening with bitcoin but its similar.

The thing that annoys me about these "takes" is that they aren't new. They should not be surprising to us. Of course finance and the state would try to adopt or manipulate something they can't ban successfully. Its what they do.

Also unsurprising is that people would beg the state to pump their bags. This is what the rich do all the time. Its what people do. If this human nature kills bitcoin it was doomed from the start. It may be doomed. I don't think it is but humans are gonna be humans. Rent seekers are gonna do their thing.

You and I can keep doing our thing and be sovereign bitcoiners. Bitcoin is for enemies. I think think the "bitcoin fixes this" meme is part of the problem. Far to many people in bitcoin don't really understand the economics or game theory of bitcoin but larp as bitcoiners repeating slogans.