A Western-type Democracy is associated with liberal principles (freedom of movement, freedom of capital etc.)
That's on paper and what the advertisement says. But in reality and in actual definition democracy is all about brainwash. Those who invented it define democracy as "convincing masses that the dog shit they're eating tastes like candy".
If you look at the societies with "democracy", there is always an unchanging regime that nobody voted for (eg. they call it deep state in US to make it sound like a conspiracy theory) and has full control of everything behind the scene and pulls all the strings.
The most important part and parcel of democracy is the
two sides that look like they are against each other (red and blue) and their purpose is to keep the the regime intact.
It works like this: one side wins the election (eg. democrats) and takes a shit on the country (on economy, health care, pensions, etc.) and the other side (republicans) attract the support of the angry people by redirecting all the blame on the first side (democrats) instead of the regime itself. Then in the next election they win instead and take control of the country to do the same exact shit as the first party and this time the first party (democrats) blames those in office and attracts support creating an endless cycle until people rise up and start a regime change!
In a democracy all types of freedom are also defined as whatever the regime likes. For example in "liberal economy" they tell you that you are free to do whatever you like with your capital but in reality it means you can do whatever the regime likes. Otherwise you can be Blackrock or MSCI and want to be free to take your capital to China and invest in their rapidly growing economy but since the regime doesn't like that they will prevents you and even takes you to court threatening to shut you down.
We do not have that in Bitcoin, the "constitution" which is the consensus rules don't change and people don't vote on who enforces those rules periodically (like 4 years) and the power is not in the hands of a centralized entity.
Although there are traces of the same brainwash seen in the community.
BTC is kinda the same... you're free to transact as you wish (within BTC's mainnet rules) and there's an expectation of zero censorship.
The problem with Western-type Democracy is that it's very easy to hijack it: you can flood it with illegal immigrants (see: USA/Europe) and nobody can do anything about it.
BTC is kinda the same... you can flood the network with monkey jpegs and nobody can do anything about it, because there's this expectation of zero censorship.
Trying to censor transactions feels like adopting totalitarian regimes' principles, even if it's for a good purpose (banning Ordinals/NFTs).
This is the proof of what I said about brainwash!
I don't know when and how a small portion of the community started referring to
preventing exploit as censorship! What's worse is that we've been doing it for as long as Bitcoin existed. We've been preventing a lot of different ways people can
easily spam the chain, there is a long list of the in standard rules, and yet this small number of people are excluding the most recent exploit Ordinals attack is using and refers to any effort at preventing it as "censorship"!!!
Censorship is defined as preventing anyone from using this peer-to-peer cash system to send money to anyone they like. It is NOT defined as preventing people from abusing the system and exploiting the protocol to turn Bitcoin into a cloud storage.
Back in May I had written a FB post about how in the future you will have to pay $1000* for an on-chain transaction. BTC mainnet will basically become a settlement network for banks.
I disagree. I don't think this can ever happen (fees go up and
remain up) because it would kill bitcoin and it will be replaced by something else that does not have the same problems (like being easy to be exploited by something like Ordinals and be attacked without the community lifting a finger to prevent it).
this could also happen if BTC is worth millions of dollars one day
Fees can always be adjusted and instead of 1 sat/vb being minimum we could have 1 sat/100vb being the minimum rate.
CBDC will bring back the Gold standard. CBDC will be backed by BTC.
CBDC will be centralized and be considered a shitcoin like Tether is in the decentralized community. Regardless of what it is backed by.
