I don't get the popularity of this take

same with "Bitcoin gave up control to the banks via ETFs" 

this was always the plan, BTC takes over the world and everyone bends the knee

was the community supposed to rally around banning banks and presidents from buying?

intersubjective mechanism design @ poidh.xyz - come chill /poidh + follow @poidhbot

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

I think they are extremely happy that they left because it cemented the decentralized nature, otherwise we'd be stuck in the weird semi-decentralized w/ strongman leader space that Ethereum is (Vitalik) 

and it's still a massive success over a decade later so that backs up the decision 

I also disagree that the goal was digital cash, that's the whitepaper goal

the real goal is in the genesis block (separating money from the state)

The conflict of the original vision versus the current outcome is that satoshi left before the massive consolidation of miners into just a handful of pools, and so they were left to only bicker about what satoshi really wanted instead of taking initiative in fulfilling the raw mission of being digital cash. I’m sure Satoshi, if Satoshi is still out there, considers leaving to be the biggest mistake. If they are out there, and attempting something new, I doubt they'll ever reveal who they once were, but I equally doubt they'll let go of the reins on whatever they're doing now.

have you checked out the Genesis Book? really fascinating dive into the history of cypherpunk culture + different breakthroughs that all ended up leading to Bitcoin: https://www.amazon.com/Genesis-Book-Projects-Inspired-Bitcoin/dp/B0CQLMQRH7

I respect the "Bitcoin is a government operation" angle because it's totally plausible, but after reading through this you can also see the scenario of all these smart people taking cracks at the same problem for years and years and finally someone making it all click

I also think the government op angle is an ironic mental crutch for most of us counterculture people where we believe in decentralized money enough to be here, but our brains can't break out of the preprogramming and accept that money without government could've been invented without the government

Chaotic "Sufficiently Decentralised" Network Participant

/clankfuntrades

it was talked about in the earliest days, if we're to succeed then this phase must happen. the best end result for bitcoin is generational change and integration to "normal" systems as a reminder that innovation can come from the outside 

i truly think bitcoin was created by a group that had governmental level knowledge, maybe early military LLMs to help plan it out 

all i know is everything that ppl predicted would happen has happened, even if it's not always in the way we want to see it

Write code and delete institutions
. . . . . . .  . . . . . .
Modular tokenomics 
https://github.com/csmit863/Modular-Tokenomics

that's their choice? the point of Bitcoin is freedom of choice and the network not having any control over how you manage your own coins

Im sus because what if people just end up delegating control of their coins to institutions, rather than owning it themselves

Totally different to pumping the value of bitcoin though

It’s just cope disguised as analysis

Bitcoin’s versatility and open nature are major positives (obviously)