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Yes and no. You could say the same about government control. Years ago you could imagine that with social media, governments would have a difficult time trying to control people, because they could organize protests in social media, and have freedom of information. But as you can see, even with social media, governments like china control all the society easily. When you promote shit entertainment like TikTok, Netflix and other things, you make people dumb, they won’t be curious and search for information about daily problems like why is the financial system fucked. And bitcoin, is not exactly easy to comprehend for most people.

Well put. It’s a crucial distinction between the past and the present that so many (myself included lol) are still wrapping our heads around. There is a book ‘The Future is Faster Than You Think’ which helped me realize the radicalness of the shifts we face, most esp when the different tech tools/advancements coalesce.

What precisely is it about improved coordination that negates the financial repression tools which Napier claims will destroy Bitcoin? I believe we need to make it sufficiently difficult for the government to control large swathes of the UTXO set to avoid what happened to gold, but I don’t quite see how better/faster communication tools help very much there.

Now we just need decentralized real time kinetic resistance that won’t amplify in response Cause the gestapo is using force out there

What was his response to your hypothesis?

This type of analysis closer to reality and further away from sectarian fantasies is what societies need to make their decisions transparent and not get carried away by FOMO ₿ 𓅦

in addition to the financial repression that they can do at any time, it is also necessary to be prepared for attacks from large companies, because surely they will try to do something to spoil the development of more decentralized social networks, because if they think about it, 'nostr' goes against the business that companies like Google have, meta and chatgpt in which they need to collect millions of data both for AI and to earn money, and this protocol, by allowing you to connect to your own servers, means that the information is not concentrated in a single place, which for them is not suits them.

Out of curiosity, how will that threat (i.e. “governments not allowing it to function”) look like from your perspective? Maybe I’m missing something but I think most they can do is tax the hell out of people who hold it in self custody and report it (capital gains, both realized and even unrealized), or even make its ownership illegal in order to get some to comply. But even then (and by the way I see that scenario a 100% probability one, at least in some countries), I don’t see how Bitcoin “would not function”. People would still be using it. Granted, not everybody. And granted, maybe out of the law. But precisely in that scenario would Bitcoin be the life boat on a sinking ship, and not an NGU scheme for getting some alpha. The Atlas Shrugged scenario is quite a possible one, at least from my viewpoint looking at things from a western EU country.

Technology can make moving thrle overtone window harder, but can't stop it. If the people won't rise up against the banning of Bitcoin, government will be able to ban. Or even easier, choke any glimmer of freedom from it. I fear Bitcoin is a trap for those who value freedom.

Very cool. He will eventually update his views :)

…and worth fighting for and not succumbing to the apathy of “governments won’t allow it,” lest we add ourselves to the shelves of the Library of Mistakes

“Government and central bank social media accounts can get ratio'd. Maybe one day they'll try to put a stop to that on centralized social media platforms, but that's why the decentralized protocols are so important. “ 💪 🔥 ⚡️ 💪 🔥 ⚡️ View quoted note →

Watching the stable coin integration coming, Allowing stablecoins to circumvent traditional banks really leads me to believe otherwise. The stablecoin will be the layer of insulation between bitcoin, And CBDC’s. The Fed will bail out its top winners, And absolve predatory tokens as it seems fit, “creating borderless liquidity”. I feel lucky to have access to a bank account that I can use to buy stablecoins and with stablecoins bitcoin. I think the narrative that bitcoin will replace the dollar as the world reserve currency has been disproven, And will instead become a reserve asset in compliment to the dollar. In the distant future I see the State of Israel becoming the center of the western axis of power. Israel was the longest disenfranchised empire, Ahead of the Romans, Them the European powers. The slow decline of the Anglo-American age will lead to the rise of the Neo-Judean order for the west. There will still be a multipolar rise of the BRICS nations as they catch up to a modern quality of life, Likely seeing the most growth over the next 100 years, And the people from those countries will see the greatest benefit in terms of quality of life. The west will see a revival of its economic power starting in Israel and following with the countries and individuals participating in cooperation with this economic progress. The west carries the modern status quo that the BRICS nations strive towards, And China leads in terms of quality of life and economic development, Followed by India, And behind them Brazil and many African countries benefiting from Chinese trade relations.

we have to watch out for communities fracturing and getting smaller and smaller with less crossover that plays into their hands divide and conquer

Lyn, I would love to have been a fly on the wall observing that chat. I’m a big fan it Russel Napier and the Library of Mistakes. Hopefully Russell invites you on to discuss broken money one day and debate some of these threat vectors in detail. I would love for Russell to speak on a few bitcoin podcasts, his contrarian call on the SE Asian financial crises and his retelling tales from that era in the late 90’s was not dissimilar to a big short style and worthy of a movie. The Library of Mistakes at its core is an archive for all things wrong with the Fiat system. In a decade I think they have a section titled “Bitcoin Fixes This”.

I really appreciate his work, he's an excellent teacher

Agree Russel Napier is easily top 5 people on the planet to listen to (for me). Here is my top 10: 1. Grant Williams 2. Robert Friedland 3. Luke Gromen 4. Lyn Alden 5. Russel Napier 6. Preston Pysh 7. Pippa Malmgren 8. Adam Rozencwajg 9. Josh Crumb 10. Jeff Booth

Very interesting topic, would love you to dive deeper in your next premium report. Go in depth into Russell’s views on Bitcoin and how you counter (or agree) with each.

It would be great to have Russel at a Bitcoin conference