Bitcoin's Ethos Mirrors PC Revolution, Big Banking Acquisition Seen as Strategic Move

In the early days of personal computing, visionaries like Steve Wozniak and his peers at the Homebrew Computer Club envisioned a future where computers would bring freedom rather than bondage. Their intrinsic rewards were not monetary but the satisfaction of creating something revolutionary. This ethos is reminiscent of the current Bitcoin community, where running a Bitcoin node is seen as a step towards financial freedom, despite the lack of immediate tangible rewards.

The Bitcoin dream is a modern reincarnation of the PC revolution, albeit with significant friction hindering its growth. The rewards of running a Bitcoin node are intrinsic, similar to the early days of personal computing. Financial freedom is the ultimate goal, even if it seems like a distant dream. The comparison to the PC revolution highlights the potential for Bitcoin to transform the financial landscape, much like how personal computers revolutionized technology.

Big Banking acquiring Bitcoin is seen as a positive development for Bitcoin, as it brings the cryptocurrency closer to the traditional financial system. However, the true power lies with Bitcoin, which is playing Big Banking rather than the other way around. The Trojan horse analogy suggests that Bitcoin's presence in the traditional financial system is a strategic move towards ultimate victory. The norm of Bitcoin's Next Great Unicorn (NGU) for all, including bankers, is a testament to its growing acceptance and influence.

However, if the NGU is largely driven by debt rather than real productivity, it could lead to a crash in Bitcoin. This would not destroy Bitcoin but rather expose the flaws in the debt-driven system. It would also make more people aware of the risks of creating a debt machine. The open-source nature of Bitcoin's playbook makes it difficult for humans to remain gullible in the long run. The idea of reducing the number of satoshis per Bitcoin to make it more realistic and push the Fiat train faster is an interesting thought experiment, but it remains speculative.

In conclusion, the Bitcoin community's ethos of financial freedom and decentralization is reminiscent of the early days of personal computing. Big Banking's acquisition of Bitcoin is seen as a strategic move towards ultimate victory, but the true power lies with Bitcoin. The open-source nature of Bitcoin's playbook makes it difficult for humans to remain gullible in the long run, and the idea of reducing the number of satoshis per Bitcoin is an interesting thought experiment. However, the ultimate goal of financial freedom remains a distant dream, and the path to achieving it is fraught with challenges.