v4ngeli0n on Nostr: I find it very strange that people in #Bitcoin are mad that it failed at its ...

I find it very strange that people in #Bitcoin are mad that it failed at its “cypherpunk goal” and the idealistic vision of everyone running a node and running their own keys for it to make a real difference.

People got attached to this idea even though it was never even the vision of Satoshi, Hal, and other OG’s in Bitcoin. Probably because social media didn’t polarize them and cloud their ability to think like a rational human being. They were both brilliant people with the ability to see Bitcoin’s nuanced and most realistic future.

People got let down by their own expectation and unrealistic views on adoption and now are surprised and angry when Bitcoin gets absorbed into trad-fi. Literally the only *legitimate* way that Bitcoin was ever going to make a meaningful change to the world was exactly this way. It can still make a huge difference and positive impact in the world because of its properties.

The value of fiat still erodes. Bitcoin will likely become the standard. Bitcoin was never going to destroy the state, it was retarded to believe that in the first place. But with continued adoption and growth, it inherently limits government’s power over money.

Many people out there can’t even figure out how a credit card works, and people believe that most will hold their own keys and run their own node and if they don’t then Bitcoin failed. Idealism is delusional.

Here is a quote from #Satoshi Nakamoto himself:

“Only people trying to create new coins would need to run network nodes. At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware. A server farm would only need to have one node on the network and the rest of the LAN connects with that one node.”