Feels like Bitcoin is captured rn (at least partially). On chain corn is captured by so called Treasury companies, the ETFs, and by state adjacent mega exchanges like coinbase and binance.
Lightning is partially captured. If you think using lightning is permissionless you are mistaken. If you run your own node your doing ok but the masses getting on boarded right now to custodial lightning could be lambs getting led to slaughter. Ripe for being shut off, all sorts of kyc nastiness, or having their funds confiscated.
The stablecoin issue is different imho. Any infinite money glitch is bad but in the instance of teather et al it actually seems like the fiat system is in some sense, captured by Bitcoin.
Anyhow, I think Bitcoin as a protocol is ultimatley strong enough to overcome this. I feel it will be time, pain and a massive crisis or 2 in the fiat system that will demonstrate bitcoins resilience and utility, but make no mistake; the "then they fight you" stage is here. And they are fighting by acting as a friend. Kill your heros and gfy.
Scrotus
npub1t0…m53m9
2026-01-12 11:54:29 UTC
Author Public Key
npub1t04cvx3d0a3le22rgnekk20wvr3l4jpg93vkledsyakas96puqaqwm53m9Published at
2026-01-12 11:54:29 UTCEvent JSON
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"content": "Feels like Bitcoin is captured rn (at least partially). On chain corn is captured by so called Treasury companies, the ETFs, and by state adjacent mega exchanges like coinbase and binance. \n\nLightning is partially captured. If you think using lightning is permissionless you are mistaken. If you run your own node your doing ok but the masses getting on boarded right now to custodial lightning could be lambs getting led to slaughter. Ripe for being shut off, all sorts of kyc nastiness, or having their funds confiscated. \n\nThe stablecoin issue is different imho. Any infinite money glitch is bad but in the instance of teather et al it actually seems like the fiat system is in some sense, captured by Bitcoin. \n\nAnyhow, I think Bitcoin as a protocol is ultimatley strong enough to overcome this. I feel it will be time, pain and a massive crisis or 2 in the fiat system that will demonstrate bitcoins resilience and utility, but make no mistake; the \"then they fight you\" stage is here. And they are fighting by acting as a friend. Kill your heros and gfy. ",
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