Financial Anarchy: one of the main fallacies of Bitcoin.
You are that independent holding bitcoin that anytime you want to buy it or sell it have to go through an exchange using your full identity. With all sort of passports and ids checks.
Let's not forget that the main goal of many bitcoiners is to amass as much of the correlated fiat currency as possible. With the romantic topic of becoming a blade runner paying in SHA-256 hashes to other elite individuals you watch how your virtual coins grow in value, that value that is established in that so-hated fiat currency. The happiness of a bitcoiner comes with the grow in price of that coin in the exchange. The more coins of the fiat currency they get from their bitcoins the happier they are.
So it is all cyberpunk literature with a bit of TAZ philosophy, but bitcoin is no more than a very volatile "financial product", unfortunately , and since I am surrounded in IT departments by bitcoiners I am so tired of listening to people excusing themselves for choosing this overhyped movement over any other FX pair or metal.
I understand that people want to get rich quickly and that is why they chose bitcoin, but they want to get rich by grabbing more and more of that fiat currency that they hold in the bank accounts. So let's be honest with ourselves, let's cut the rubbish and call it like it is: Greed on a very volatile market.
Very good point, Casey. They see Bitcoin and want to emulate it, or in the case of the Fed try and ban it. Bitcoin and Crypto have DEMAND. A Euro backed or $ backed crypto may not have them same demand, but will also be seen as currency. Crypto's lack of provenance (political and geographic) is a major USP. The market normally wins as governments know too well.
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