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@ Edge21
2025-02-14 22:11:22
CAN BITCOIN RESIST THE STATE?
In the episode of What Bitcoin Did, Fictitious Capital and Alex Gladstein go head-to-head on whether BTC can resist state control—or if it’s being absorbed into the existing power structure.
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A quick video summary: 🧵👇
1/ The Bitcoin Paradox
Bitcoin is embraced by both cypherpunks & Wall Street. While it empowers individuals, its growing adoption by institutions raises the question: Who’s co-opting whom?
2/ The 21 Million Standard
Alex Gladstein argues that Bitcoin’s fixed supply is its ultimate weapon against inflation & state control. Unlike fiat, no government can manipulate its issuance.
But does a fixed supply limit economic flexibility?
3/ Big Bad Adoption
BTC's adoption isn’t just by rebels—it’s also by nation-states & banks. If both the oppressed & the oppressors use Bitcoin, does it still serve as a tool for financial liberation?
Fictitious challenges whether this will truly undermine the current system.
4/ Money Drives Power
Does money shape society, or does society shape money?
Gladstein believes Bitcoin will reshape global power dynamics by removing monetary manipulation.
Fictitious counters: economic power structures won’t disappear just because Bitcoin is adopted.
5/ Trojan Horse Effect
As Wall Street & governments accumulate Bitcoin, are they unknowingly adopting a system that will erode their power?
Gladstein sees this as Bitcoin's Trojan Horse moment—once inside, it reshapes the game from within.
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