3ad5c7b152fe -- 3mo They're actively trying to do the exact same thing to Bitcoin right now with ETFs and treasury companies. They are not centralizing the protocol obviously, but instead they are progressively consolidating Bitcoin ownership. Over time, this gradually reduces the incentives for individuals to run a node and encourage self-custody. They don't need to confiscate or control it, they just need to convince enough people to give it to them, and for now, it works wonderfully. replyThey're actively trying to do the exact same thing to Bitcoin right now with ETFs and treasury companies. They are not centralizing the protocol obviously, but instead they are progressively consolidating Bitcoin ownership. Over time, this gradually reduces the incentives for individuals to run a node and encourage self-custody. They don't need to confiscate or control it, they just need to convince enough people to give it to them, and for now, it works wonderfully.
thread · root 5785251f…e522 · depth 2 · · selected 92c3bb87…1494
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root 5785251f…e522 · depth 2 · · selected 92c3bb87…1494
The Bible is clear: store treasures that can't be destroyed.For centuries, that meant land, gold, skills.But throughout history we have seen people strategize and find ways to destroy (centralize) these assets.Thankfully, there's a monetary network that can't be confiscated, diluted, or controlled by rule changers.I truly believe God gives us tools to steward wisely, and for me, one of those tools is bitcoin.
They're actively trying to do the exact same thing to Bitcoin right now with ETFs and treasury companies. Theyare not centralizing the protocol obviously, but instead they are progressively consolidating Bitcoin ownership.Over time, this gradually reduces the incentives for individuals to run a node and encourage self-custody. Theydon't need to confiscate or control it, they just need to convince enough people to give it to them, and fornow, it works wonderfully.
The Bible is clear: store treasures that can't be destroyed.
For centuries, that meant land, gold, skills.
But throughout history we have seen people strategize and find ways to destroy (centralize) these assets.
Thankfully, there's a monetary network that can't be confiscated, diluted, or controlled by rule changers.
I truly believe God gives us tools to steward wisely, and for me, one of those tools is bitcoin.
