The root of everything
Do not get me wrong, I love Bitcoin, I am all in since 2014 and have been through so much since then… I have spent some of them over the years and
When asked what could possibly kill it, I always come back to the same thought: all we are building is on top of a centralized and over controlled Internet so we still need to do an effort to decentralize everything to avoid any chance of weak spot in Bitcoin’s development, we need an Oracle or AI supercomputer that we kind of have governance rights over, that settles transactions and execute our will in case we just vanish from this world. Mixing neuroscience or something alike.
We may enjoy this amazing game of Defi, Dapps, Blockchains, Tokens and so on, but I see it as a risky game after all… many conditions affecting everything, Taxes, Real Estate, Banks, Funds, daily expenses, savings, different currencies.
The list goes on and on, and no one has the ability to understand where it goes, we see projects taking the whole space for a while and other projects come and steal their thunder…
At the end of the day, the average citizen has their needs and the moment he makes a decision that involves exchange of goods or services, he needs to decide what to use… right now we still use cash, checks, credit cards and in some cases, crypto… but it is not clear what is going to be the path after all.
In the event of an Internet shutdown, nothing we have built will exist, only cash and precious metals and properties and food will keep flowing to settle transactions between individuals. We are navigating this space with our eyes closed and our noses covered because we prefer no to realize that the foundation of it all is still weak.
I keep playing the game but can not ignore these weird thoughts that come around once in a while.