Distorted perceptions of reality have completely inverted the perception of who is acting in the best interests of Bitcoin versus acting in their own interests in a way that puts Bitcoin at risk.
In a recent paper, researchers from the European Central Bank make a handful of claims about Bitcoin that lack context, nuance and/or evidence. I’m here to shed light on what they got wrong.
The idea that Bitcoin does not need to improve and is the perfect state of decentralized money is as delusional as thinking the Model T was the perfect state of the automobile.
Replicating the same types of services and applications of the legacy world on Bitcoin necessitates interacting with the legacy world, giving them leverage over Bitcoin.
What is happening in Gaza, and the fact that Bitcoin is the only way to deliver aid to Gazans at this point, is one of the most powerful demonstrations of what Bitcoin is for in over a decade.