Bitcoin has totally lost its way. The purpose of Bitcoin "A Peer-to-Peer Electronic Cash System" as Satoshi Nakamoto designed it was for a stateless, decentralized, permissionless payment mechanism that was capable of scaling to VISA-level transactions that were cheap enough to support both sub-cent micro-payments as well as large payments. This is the true value proposition as widespread adoption of payments through this system would literally free people from both the banking system and some degree of government coercion while it's fixed scarcity would also limit the
#inflationary monetary malfeasance common with central banks. Nowhere in the Bitcoin whitepaper is it mentioned that Bitcoin was intended to be HODLed by a very few in order to drive the price up so that then, financial con-artists like
@saylor could bamboozal the world through reckless financial engineering. Nowhere in the whitepaper was it mentioned that it would be really great for Bitcoin to "go to the moon" after retail investors used
@BlackRock ETFs to access only the price of Bitcoin without any possibility of custody of their own Satts. Nowhere in the whitepaper is it mentioned that there was no real way for it to scale (because of artificial block size limits) and therefore in order for Bitcoin to actually empower transactions for all, we would need some diminutive technology ignorant anarcho-gobblin like
@jackmallers to come along and create a new layer that somehow, magically would make good on the promise of global cheap transactions at scale. All we are seeing today is a massive speculative orgy with almost no real adoption and certainly no hope for the true vision of Satoshi Nakamoto.