The current rise in Bitcoin is not a cause for celebration, as it signals the entry of institutions that prioritize profit over individual freedom and sovereignty.
This influx of financial power threatens to redefine Bitcoin’s consensus, risking its foundational principles of self-custody and decentralization if dominated by legacy institutions.
As Bitcoin is being financialized, its consensus could shift to those with economic influence rather than the average users, undermining its original purpose.
If Bitcoin ossifies with wealth as the new gatekeeping metric, it could exclude those without resources, moving away from its goal of universal accessibility.
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