Of course, he’s talking about BTC.
And what he really means is that Square becomes the trusted third party — the benevolent middleman holding your funds, managing your transfers, and deciding when and how you get to “use” your Bitcoin. The illusion will be neat: low fees, smooth transfers, instant confirmations. But it won’t actually be Bitcoin. It’ll be a walled garden of Bitcoin-denominated IOUs, shuffling balances within a private database.
The old system, repainted in orange, with a new priesthood preaching decentralisation while holding the keys.
Government loves BTC because it behaves.
It’s a system of intermediaries wearing digital masks. Exchanges. Custodians. Gateways. Trusted third parties — the very parasites Bitcoin was meant to kill. It gives the illusion of rebellion while quietly rebuilding the same empire of control.
They don’t fear BTC because they already own it. They can tax it, blacklist it, surveil it, freeze it. The chain is public, the gateways are licensed, and every trade passes through the same bureaucratic sieve. It’s not peer-to-peer; it’s bank-to-bank with extra steps.
What they fear is real exchange — two individuals transacting directly, without permission, without record, without middlemen. They fear a world where money moves like speech, where ownership isn’t a checkbox on a compliance form but a fact of computation.
True Bitcoin was digital cash: fast, final, direct. It was not meant to be a speculative asset for trading desks or a product for custody firms. It was designed as competition to government currency, not as another chip on their table.
The betrayal came when people traded sovereignty for convenience. They mistook price for principle. They built soft layers over hard rules, just like governments do. And the result is the same — control disguised as innovation.
Governments don’t crush rebellion anymore. They buy it, list it, and sell it on an exchange.
#PeerToPeerOrNothing #DigitalCash #NoMoreMiddlemen #FreedomNotCustody
I deleted my previous tweet because I couldn’t find any other information to validate the retweet.
I posted this a long time ago. After that we saw a bunch of exchanges falter. I just don’t think we’ve seen the last of it. Be safe out there.
There's nothing "anti-fiat" about Michael Saylor’s strategy. He’s taking advantage of the banking system’s ability to create money out of thin air, using it to buy Bitcoin and accelerate the very currency debasement he claims to be against.
They will tell you BTC is a huge success at $100,000.
What if I told you, that between 2014-2017, the Big Banks, Big Tech and Big Gov took over BTC, gutted its functionality and have HELD DOWN the price to merely $100,000 while also suppressing the stories of the freedom fighters who kept bitcoin safe in BCH and BSV just in case the people wake up and want to thrive.
Just ask yourself if mainstream ideas of influencers are celebrities should be trusted. Then ask yourself if BTC has become a mainstream idea and asset.
Then, look into the history.
I’m here to help.
Big payments companies wanted to delay bitcoin’s inevitable victory.
They want you to use bitcoin atop MasterCard before you realize that MasterCard should be run atop bitcoin.
So they recruited most of the devs in 2013-14 before almost anyone was paying attention.
Client: ''Alf, I don't understand the fractional reserve banking system: could you please explain it to me?''
I can't, because that's not how banks work.
Banks don't lend deposits or reserves.
Banks create money out of thin air every time they lend.