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RE: Knots vs Core

in #bitcoin23 days ago

I'd be thinking the same thing but the people who are adding this fuel to this fire are not the ones that captured it. The OG community is the one making all this noise. I also believe that the idea that Bitcoin is "captured" is premature at this point. TradFi adopting Bitcoin is not capturing Bitcoin. The institutions interacting with Bitcoin being captured doesn't make Bitcoin captured. Bitcoin is only truly captured if they hardfork it or successfully start blocking transactions.

If the establishment can capture any crypto simply by adopting it then what the hell are we even doing? It wouldn't even be possible to win.

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Its not that they adopted, it's that 85-90% of bitcoin users are kyc'd and identified and now under surveillance by governments, tax authorities, chainalysis and blockchain analytics firms, and bitcoin can be censored, have their bitcoin seized, or accounts frozen. They now totally control it. People say stuff like "they can't stop me from using my bitcoin", ok, true, but they can arrest your for noncompliance with whatever rules they role oput, and extract wealth from you for using bitcoin. This defeats the entire purpose.

Correct we are not at the end game yet.
The infrastructure to exit the current grid does not exist.
We have to build it.
Bitcoin was never going to solve that by itself even in the ideal scenario.