The legacy of BTC is all in our hands.

[suzanne5223]

Create this thread to open some people's eyes to the fact that there's a lot of risk now that Bitcoin has gone mainstream, and the decision we make now is more important than ever.
I got the impression of creating this thread after seeing the current discussion on this thread. I ought to have made my contribution there, but I don't like to contribute to a topic that reaches such several pages if it's not in the gambling section.

We all see Bitcoin as a way to liberation and overcome government centralization due to the concept used by Satoshi to create Bitcoin. We all thank him ^(Satoshi) for it. However, now that BTC has the mainstream attention we once hoped for, some people seem not to understand that if we want BTC to maintain the decentralization legacy, it is all in our hands.

We all say thanks to BTC. Bank accounts can be frozen, BTC can't be frozen, it's an excellent hedge, and people don't need to go through KYC to use BTC. But if we never support the idea of self custody, privacy, and don't go for any sort of BTC ETF investment before we know it, the government and institutions will have atleast 71% of BTC in their stack.

I believe we don't want the BTC we cherish to become the next playground for government and institutions. I am bringing this to our attention now, just as I did when many people were excited about the positive impact the BTC ETF would have, while I pointed out the negative effects, which seem not to be as important to many people then.

Do you also believe the legacy of BTC will be determined by the decisions we make now?

Thank you

[Agbamoni]

It is true what you say, but it is as if the government and its delegates have this all planned. In order for normal people to acquire a lot of Bitcoin to be in competition with big institutions and the government, we need money to do so. Not just little money, but enough that each individual will have a handful of BTC in their stash.

Now the government has made things hard for ordinary citizens, who can barely or must struggle to provide the basic needs of life. How then do you expect them to buy enough Bitcoin? I think this is the greatest challenge we have. The desire to stack Bitcoin is strong, but the fiat balance is weak.

[MusaMohamed]

Bank accounts can be frozen, BTC can't be frozen, it's an excellent hedge, and people don't need to go through KYC to use BTC. But if we never support the idea of self custody, privacy, and don't go for any sort of BTC ETF investment before we know it, the government and institutions will have atleast 71% of BTC in their stack.

Your bitcoins are only safe and can not be frozen if you use a non-custodial wallet for storing your bitcoin. Because with non-custodial wallets, only you own private keys of your bitcoins and only you can freeze your bitcoin UTXOs or your bitcoins. You should use an open-source wallet, not close-source and must use your wallet rightly from download, verify, install, creation to backup and recovery.

With custodial wallets like exchange accounts, it's not your bitcoins because you don't have private keys, and bitcoins in centralized exchange accounts can be easily frozen by exchanges and seized by governments.

Reminder: do not keep your money in online accounts

[Nwada001]

Bitcoin is already somehow a playground for Trump and his policies. Almost every move and announcement that he makes about tariffs and anything that could be pictured to have a negative effect on the market can affect Bitcoin. Then they already have the manipulative power to play with the market.

It is true what you say, but it is as if the government and its delegates have this all planned. In order for normal people to acquire a lot of Bitcoin to be in competition with big institutions and the government, we need money to do so. Not just little money, but enough that each individual will have a handful of BTC in their stash.

You don't need to compete with the government, as they have the upper hand to accumulate more than any of us; they also acquire by seizure. The best we can all do is if you don't have enough spare money to buy, you try to save the ones you have and not to sell to them. When we sell our holdings, we transfer our ownership of that Bitcoin to the next person, which could possibly be institutions or governments acquiring it.

[bettercrypto]

That’s why in times like these, more veterans in the crypto space are realizing that it’s still better to accumulate Bitcoin for the future. Even if it’s just a little at a time, what matters is that we have some set aside for when we get older.

I totally agree with what the OP is saying. This isn't the time to believe those saying Bitcoin is a scam or a bad investment. We’ve seen its
performance ourselves over its 17 years of existence. As they say, there’s no time to waste.

[Aanuoluwatofunmi]

Do you also believe the legacy of BTC will be determined by the decisions we make now?

Our decision today will definitely determine the future in the bitcoin, because there is no bitcoin without the community of users who believed and uses the coin for their various reasons, bitcoin wasn't created for the government, instead, for all of us that will be interested in making discussions about what we wanted and how we could operate living our financial economy independently without the government control over it, hence the need to for the adoption and its sustainability by all of us who needed this change to be effected.

[Donneski]

Bitcoin’s legacy won’t be decided by governments or ETFs alone, it will be decided by individual behavior over time. If Bitcoiners prioritize convenience over control, institutions will naturally dominate but if they prioritize self-custody, privacy and education, then Bitcoin will remain resilient regardless of mainstream attention.

So I agree with what the OP said that the choices we make now matter. Not just buying Bitcoin but how we hold it and why we believe in it.

[YOSHIE]

Do you also believe the legacy of BTC will be determined by the decisions we make now?

For this reason, don't waste this golden opportunity to have Bitcoin in our midst, Bitcoin has now been running for more or less 16 years, of course that is not a short time, we have gone through process after process, we can ask ourselves in the 16 years Bitcoin has been around us what we have gained.......! And what we have won.

We need to understand deeply, the government never sides with the weak, for this reason opportunities will not come a second time, so before everything is lost, think about our future while Bitcoin is here, never delay while there is an opportunity.

[Zigabel]

I believe we don't want the BTC we cherish to become the next playground for government and institutions. I am bringing this to our attention now, just as I did when many people were excited about the positive impact the BTC ETF would have, while I pointed out the negative effects, which seem not to be as important to many people then.

Do you also believe the legacy of BTC will be determined by the decisions we make now?

Thank you

In as much as we have that chance to make decisions now with the intention that it will affect the legacy of Bitcoin in the future by shaping it right, mostly to our advantage enough, there should be room for flexibility, that is because if these decisions and taughts are not flexible enough, it will get tot a time where bitcoin will actually outgrow all of those and we will have to readjust again whereby we were supposed to be just in with the growth of BTC, definitely bitcoin will keep growing all round and the flexibility it does comes with is so much an advantage that  if you're not as flexible, your decisions may become obsolete in the near future while bitcoin has evolved.

[livingfree]

Very well part of the adoption that we all want to happen. But not to the point that it has become a playground for the government and the financial institutions.

And we can't stop them from also being part of the bigger market because that's how it goes. Without them, the circulation and adoption through the bigger players will be limited.

And, this is a free market so anyone can join whether they're up for decentralization or not. But as we know, they're after the demand and money regardless of how optimistic or not they are with the tech it brings.

Smart money as they describe.

[SilverCryptoBullet]

Bitcoin is already somehow a playground for Trump and his policies. Almost every move and announcement that he makes about tariffs and anything that could be pictured to have a negative effect on the market can affect Bitcoin. Then they already have the manipulative power to play with the market

Trump and his family played more with NFTs and meme tokens than with Bitcoin but Bitcoin is strong enough for continuation of its growth even after Trump presidency. Since 2009, Bitcoin has survived and grown through different Presidencies in the USA and will continue like this, even become stronger with time and the future USA Presidencies.

Trump can have good and bad contributions for Bitcoin and cryptocurrency industry but the more important thing is this market will thrive more with time even without Trump. Trump presidency is only a small part of this industry development history as this industry will exist for many more years in the future while Trump will leave the White House in January 2029.

[Bbluez]

Create this thread to open some people's eyes to the fact that there's a lot of risk now that Bitcoin has gone mainstream, and the decision we make now is more important than ever.
I got the impression of creating this thread after seeing the current discussion on this thread. I ought to have made my contribution there, but I don't like to contribute to a topic that reaches such several pages if it's not in the gambling section.

We all see Bitcoin as a way to liberation and overcome government centralization due to the concept used by Satoshi to create Bitcoin. We all thank him ^(Satoshi) for it. However, now that BTC has the mainstream attention we once hoped for, some people seem not to understand that if we want BTC to maintain the decentralization legacy, it is all in our hands.

We all say thanks to BTC. Bank accounts can be frozen, BTC can't be frozen, it's an excellent hedge, and people don't need to go through KYC to use BTC. But if we never support the idea of self custody, privacy, and don't go for any sort of BTC ETF investment before we know it, the government and institutions will have atleast 71% of BTC in their stack.

I believe we don't want the BTC we cherish to become the next playground for government and institutions. I am bringing this to our attention now, just as I did when many people were excited about the positive impact the BTC ETF would have, while I pointed out the negative effects, which seem not to be as important to many people then.

Do you also believe the legacy of BTC will be determined by the decisions we make now?

Thank you

The government will always be ahead in everything. Politics shapes policy which affects Bitcoin either positively or negatively. All we can do as a “bitconier” is to encourage adoption and spread the gospel, let people see how Bitcoin can change the world positive let common people support the Bitcoin and you will see the government doing to the people’s bidding.

[Ivystar5]

Just like several others who are very passionate about bitcoin they try as much as possible to see that bitcoin isn't doing back even with the developments coming around it but some people who are blinded with the going up of the price of bitcoin will never seem to understand that the characteristics of bitcoin will be shifting with the good news of bitcoin and government support towards it, privacy will be lost and decentralisation is gradually going to the in extinction, so it's good with point this out yet not drawing bitcoin back from progress.

[Josefjix]

The government will always be ahead in everything. Politics shapes policy which affects Bitcoin either positively or negatively. All we can do as a “bitconier” is to encourage adoption and spread the gospel, let people see how Bitcoin can change the world positive let common people support the Bitcoin and you will see the government doing to the people’s bidding.

As long as the bank had been the medium of funding to crypto, the government will always be ahead and decide what to be done with the funding or not, if the government decides not to use Bitcoin but punishes the entire usage, it can be possible somehow but will still be hard, the problem will affect the those that can't cope up with the usage of digital laboring.

[cryptomaniac_xxx]

I believe we don't want the BTC we cherish to become the next playground for government and institutions. I am bringing this to our attention now, just as I did when many people were excited about the positive impact the BTC ETF would have, while I pointed out the negative effects, which seem not to be as important to many people then.

This could be what the libertarians wanted of Bitcoin that's why they embrace it early and now it grows so much because of they early adoption of those group of people. But it seems though that we have move on because of government intervention, regulations.

Now we have institutions, big names and entities into our market and the current ETF which flows a lot of money. But in the other side, we could have lost some of our ideas that Satoshi has. So we don't know if the legacy is in our hands or services like CEX has it's hand full and making a lot of profit because of us and everyone is now after the money that we are going to make and forget the grassroots on why Satoshi build Bitcoin in the first place.

[EL MOHA]

Just like several others who are very passionate about bitcoin they try as much as possible to see that bitcoin isn't doing back even with the developments coming around it but some people who are blinded with the going up of the price of bitcoin will never seem to understand that the characteristics of bitcoin will be shifting with the good news of bitcoin and government support towards it, privacy will be lost and decentralisation is gradually going to the in extinction, so it's good with point this out yet not drawing bitcoin back from progress.

Bitcoin has actually made the ground available for almost everyone if you’re chasing the price the increase only then there is holding after investing and this will give you profits, if you’re actually after the anonymity of bitcoin and want it then bitcoin can actually offer that but with transaction permanently stored and available on the blockchain it is not longer possible to have total privacy because this are all available for the public but even at that anonymity actually stays except for centralized or KYC protocol exchanges.

Bitcoin decentralization on the other hand doesn’t seems to be having any problem or going anywhere because as far as I know the bitcoin network will remain decentralized except if the nodes says others and that’s where the decentralization actually is

[Ahli38]

I believe we don't want the BTC we cherish to become the next playground for government and institutions. I am bringing this to our attention now, just as I did when many people were excited about the positive impact the BTC ETF would have, while I pointed out the negative effects, which seem not to be as important to many people then.

Do you also believe the legacy of BTC will be determined by the decisions we make now?

Bitcoin can never be controlled entirely. They may be able to hold 71% of BTC in their possession. But that would take a considerable amount of time. And in fact it would prove that Bitcoin is very worthy of long-term investment. I personally believe that the decision we need to make now is to hold on to Bitcoin. And don't use centralization for that. Always use decentralization to preserve the legacy of freedom. Don't let greedy people control you with centralization. I'm sure that the oppressors will not be able to control Bitcoin in any way.

[TheUltraElite]

You cannot stop government and companies from buying bitcoin, they already own a lot of them because their starting capital has been much higher than all the retail investors put together - similar to rich get richer, poor get poorer.

What we can do is to make people aware to buy the correct bitcoin and not just ETFs for the purpose of trading and keep those coins secure.

Decisions we take are important but how the governments tackle the loss of power is also important. Regulatory stuff have not come into much limelight till now, taxation is still a problem, some countries asking for hefty 30% tax on capital gains.

[tread93]

Bitcoin is already somehow a playground for Trump and his policies. Almost every move and announcement that he makes about tariffs and anything that could be pictured to have a negative effect on the market can affect Bitcoin. Then they already have the manipulative power to play with the market.

It is true what you say, but it is as if the government and its delegates have this all planned. In order for normal people to acquire a lot of Bitcoin to be in competition with big institutions and the government, we need money to do so. Not just little money, but enough that each individual will have a handful of BTC in their stash.

You don't need to compete with the government, as they have the upper hand to accumulate more than any of us; they also acquire by seizure. The best we can all do is if you don't have enough spare money to buy, you try to save the ones you have and not to sell to them. When we sell our holdings, we transfer our ownership of that Bitcoin to the next person, which could possibly be institutions or governments acquiring it.

Honestly when you put it into this perspective bitcoin really is in the power of the hands of the holders. Those who aren't backed by the state or institutions are now the minority here and getting smaller each day that passes. It is imperitive that we save and custody as much bitcoin as possible to pass on to future generations and our kin. This is one of the reasons that I really love physical bitcoins but there are also risks there as well such as them being lost or thrown away etc. But at least if you sell all of your bitcoin you have on your cold storage wallet then you may still have some physical coins leftover that you might be able to pass on to you loved ones or something like this. Hang on and HODL as long as you can! HODL for you kids kids!

[bettercrypto]

Create this thread to open some people's eyes to the fact that there's a lot of risk now that Bitcoin has gone mainstream, and the decision we make now is more important than ever.
I got the impression of creating this thread after seeing the current discussion on this thread. I ought to have made my contribution there, but I don't like to contribute to a topic that reaches such several pages if it's not in the gambling section.

We all see Bitcoin as a way to liberation and overcome government centralization due to the concept used by Satoshi to create Bitcoin. We all thank him ^(Satoshi) for it. However, now that BTC has the mainstream attention we once hoped for, some people seem not to understand that if we want BTC to maintain the decentralization legacy, it is all in our hands.

We all say thanks to BTC. Bank accounts can be frozen, BTC can't be frozen, it's an excellent hedge, and people don't need to go through KYC to use BTC. But if we never support the idea of self custody, privacy, and don't go for any sort of BTC ETF investment before we know it, the government and institutions will have atleast 71% of BTC in their stack.

I believe we don't want the BTC we cherish to become the next playground for government and institutions. I am bringing this to our attention now, just as I did when many people were excited about the positive impact the BTC ETF would have, while I pointed out the negative effects, which seem not to be as important to many people then.

Do you also believe the legacy of BTC will be determined by the decisions we make now?

Thank you

You’re absolutely right, and you’ve made an excellent point regarding sovereignty the freedom of every individual to manage their own money without the interference of banks or governments. That is truly the core philosophy Satoshi Nakamoto envisioned when Bitcoin was created.

Because of decentralization, trust is shifted away from institutions and placed into code and mathematics. Here are a few
key aspects of the points you raised.