XEC ECASH GLOBAL 🌐

Some sincere and influential people are engaging with this bearish take on Bitcoin, so let me expand. The problems with Bitcoin are not technological. The problems with Bitcoin are not regulatatory (in fact, the regulations create the potential). The problems with Bitcoin are cultural. The reason to care about Bitcoin is that it can theoretically give us money not controlled by a state. Yet every time the state has challenged Bitcoin, the Bitcoin community has folded. Local Bitcoins is dead. Mixers are dead. Pretty much all ability to acquire non-KYC'ed coins for normies have been eliminated. Perhaps the single event that made me most pessimistic about Bitcoin was the Canadian trucker embargo. Citizens of a first-world country were denied access to banking. They had cash in their wallets and wanted to get it to their countrymen. Bitcoin couldn't help the Canadian truckers. And the worst part of it was that basically no one even seemed to care. If I was the CEO of Bitcoin, it would have been an all-hands the next morning. But Bitcoin doesn't have a CEO. It's just a group of people with a culture. And that culture is much more concerned with "number go up" than human freedom. The solution to the government censorship of cryptocurrency is horizontal adoption. Because if everyone has some and is used to using it, then censoring Bitcoin would be as effective as the war on drugs. This is a cultural solution that can be achieved today. It could have been achieved in 2015! But in a number go up culture, the Federal Reserve spending billions on Bitcoin is much better than three neighbors buying $50. The Bitcoin culture has become completely dominated by the number-go-up people. They are much less intelligent than the freedom money people, but they're the people who are in control of Bitcoin right now. Maybe things will get better one day. If they do, I'll be back. But at least for now, it's why the freedom money people like me are mostly done with Bitcoin.