The article discusses a fundamental shift in the ethos surrounding Bitcoin, emphasizing how it was designed to thrive in hostile environments. Despite its resilience and potential as a decentralized system, faith in its core value proposition has waned. Instead of focusing on Bitcoin's foundational principles, the community is increasingly swayed by political cheerleading and favors for regulatory benefits. This shift compromises Bitcoin's integrity, risking vulnerabilities related to mining centralization and scalability, ultimately threatening its function as a means of protest against government control.
Something has fundamentally changed in this ecosystem. A big shift in the core ethos of things.
The core value proposition of Bitcoin itself is that, as a system, it can continue functioning despite such antagonism in a hostile environment.
Faith in that core value proposition has almost completely evaporated in this ecosystem.
Bitcoin has issues regarding mining centralization, that could put at risk the ability of people to openly use the network without fear of censorship.
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