Something has changed fundamentally in this ecosystem. A great change in the central spirit of things. Regardless of what you think about politics in the world in general, bitcoin itself as a network and a protocol was something explicitly designed to function in a hostile environment, in an environment where politics and governments are actively antagonistic towards it.
bitcoin's central value proposal itself is that, as a system, it can continue to function despite such antagonism in a hostile environment. It can be a basis for us to build, with everything built on it inheriting that resilience to some extent in front of a well -equipped antagonist.
It seems that faith in this proposition of central value has almost completely evaporated in this ecosystem. The determination to build on that basis and protect your solidity at all costs, seems to have evaporated. Instead, now we have Porrista politicians, we favor the trade of a selectively beneficial regulation and the prioritization of short -term financial gain on the preservation of what makes bitcoin valuable first.
People are less concerned with the belief of commercial relations in the mining ecosystem, which is the basis of the basis of the opening and resistance to censorship of bitcoin, and more concerned about whether President Trump is going to fair Pump our bags or also pump the bags of shit coins.
We are counting our chickens before they hatch.
bitcoin has problems regarding mining centralization, and that part of the vulnerability of the ecosystem to regulatory attacks and mandates of governments that could put people's ability at risk to openly use the network without fear of censorship. It has problems in terms of scalability, and the ability to admit enough users who use the network self -odially to be a viable medium of protests and choose not to participate on a scale large enough to import governments. The people of the custodians otherwise will have to use are as regulatory as the miners. It also has a serious privacy problem, which opens users for regulatory pressure that forces them to self -men.
bitcoin has all these problems and instead of focusing on solving them so that bitcoin can continue to be the resistant system that made it valuable in the first placePeople are more concerned with the favor of political policy with the current presidential administration of the United States for the victories of the tokens policy and short -term financial gain at the expense of the main concessions that could very well seriously damage the base of bitcoin.
So where do we take a wrong turn? And frankly, what the hell happens to everyone?
This article is a Carry. The opinions expressed are completely from the author and do not necessarily reflect those of btc INC or bitcoin magazine.