Today, a CIA whistleblower sat before my committee and confirmed what I've said for years: government officials, including Dr. Fauci, deliberately misled the American people about the origins of COVID-19. This is not a conspiracy theory. This is sworn testimony. 🧵
After becoming a Bitcoin maxi, I lost all interest in politics.
Once you understand sound money,
you realize most political problems aren’t meant to be solved.
Because when the money is broken,
everything built on top of it is too.
A few months ago, the whole timeline was locked in: Bitcoin to $200k by the end of 2025, no question about it.
Everyone agreed it was happening.
Now in February, we're around $67k, and suddenly everyone's calling for $40k and a year-long bear market ahead.
Sure, Bitcoin will do exactly what the crowd is saying this time.
Just like last time.
I find it silly and counterproductive that BIP-110 supporters suggest everyone who doesn't support it is anti-monetary use case or a shitcoiner. This backfires—I (and likely others) don't like being bullied and rushed. So GFY for that.
The main issue for me is:
Successful activation of BIP110 would indicate the fact that any radical minority can drive Bitcoin their way; making Bitcoin a tyrany of minorities. More than kind of forced soft-forks will follow, including state-level and bad-faith actors. I do not need “money” which are not protected from minority actors nor state.
Unsuccessful activation activation+split) of BIP110 would indicate that any radical minority may split the chain, making Bitcoin vulnerable to that kind of attacks - so the above still applies.
The only future for Bitcoin lies in reality when BIP110 just can’t activate: it is abandoned, produces zero blocks etc.