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To: RandFan

Bitcoin IMO was released to bring the resistant masses along to digital currency, while being able to experiment with and perfect it in a large test environment.

As part of that it needs to be institutionalized and propped up to some degree as a store of value, which is what Wall Street has been doing. The more government is involved in it, however, the farther it moves from the fantasied freedom ideal that it was originally pitched with.


2 posted on 07/28/2024 2:46:07 AM PDT by 9YearLurker
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To: 9YearLurker
Bitcoin IMO was released to bring the resistant masses along to digital currency

You don't need an opinion. Satoshi Nakamoto, inventor of Bitcoin, explains the purpose of Bitcoin in his white paper:

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."

Bitcoin: A Peer-to-Peer Electronic Cash System
https://bitcoin.org/bitcoin.pdf

4 posted on 07/28/2024 3:23:35 AM PDT by Right_Wing_Madman
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