this Christmas I think about Keonne Rodriguez who cannot be with his family because he is in jail for building a privacy wallet

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true bitcoiners measure the value of things in btc in the rest of the crypto we are still looking at the $ value this is why binance and coinbase look SO SUCCESSFUL to us and we are ready to sell our souls

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December 19 can be a defining moment for crypto - Keonne Rodriguez will start his 5 year jail sentence for unlicensed money transmitting Keonne did not take anybody's coins his samourai wallet was fully non-custodial the idea was to protect the privacy and safety of users, who are exposed on the open transparent blockchain in the crypto capital of the world Keonne deserves presidential pardon

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At the beginning of BTC it was attacked as a new tulip mania, a thing with no real use. Early adopters defended its value as a new kind of asset, free from the third party control, where the user is holding the keys. When cex or etf have the keys and ppl are holding a paper claim on "their" crypto there is no defense anymore. We did become a new tulip mania, today. (listen, 8.34.50) https://www.youtube.com/watch?v=pt-Wv-M5uNA

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We trust the devs there will be full decentralization, so we put in the effort and the funds. Let me tell you a story about that. I was on Steemit in 2010. The network was ruled by the delegates, chosen by PoS voting. But there was always a ticking bomb under the network. The team, since the start, was holding a gigantic "for future marketing campaigns" stash of $STEM. In 2010, they used those funds to vote in new delegates, not chosen by the community. Those new delegates approved selling Steemit to Justin Sun. We did fight back, Steemit was forked, and Hive was created. On "walletized" FC, the full decentralization is "in the future, but not a priority"(@dwr). With my Steemit experience, I'm worried.

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I ALSO <don't care if Farcaster reaches a billion DAU, if the backend can be subpoenaed by a single government, or bought in the largest tech acquisition of all times. For me this would be a failure>.

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The Forbes about our December dreams: Centralized crypto has regulatory and insider risks, and everything can crash down if one thing goes wrong. Decentralized crypto has flaws in smart contracts, interfaces that are hard to use, and limited liquidity. We have to meet the needs of both institutional players and individual users. Corpos need compliance and liquidity. Small users want more control and flexibility. The key is finding a balance. I disagree. When you cater to everyone, the politicians and CEOs get the final say. The FTX blew up in size, but really it was just three people messing up with funds. Pancake Swap is controlled by $CAKE holders, but Binance holds an undisclosed amount. It was enough to create a $2 billion USD1 bribe for Trump’s family and to secure a presidential pardon for CZ. A lukewarm crypto can be worse than tradfi, imo. https://www.forbes.com/councils/forbestechcouncil/2025/12/01/centralized-vs-decentralized-the-balance-that-will-define-digital-assets-in-2026/

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which would be easier to put $100 into Bitcoin in 2010 and hold on to it until 2025 or to build a time machine, go back to 2010, put $100 in Bitcoin, and hold on to it until 2025

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Was Nakamoto a famous pedophile, Jeffrey Epstein? The nonsense we talk! Crypto is a small ghetto, where on-ramps and off-ramps are controlled by banks and centralized exchanges. We gamble and we HODL instead of moving anything in the real world. So /fckthis! Until crypto buy things directly, we're a laughing stock. https://www.youtube.com/shorts/WUnkLS0sM1s

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AWS services have failed three times in recent years. <No blockchain failed - yet exchanges went offline, wallet connections dropped, and users found themselves locked out of "decentralized" finance>. Rekt points out that three giant companies - Amazon, Azure, and Google - not only control the cloud computing market but also must comply with US government data requests. <Decentralization promised freedom from institutional control. Instead, most crypto infrastructure ended up in the hands of three corporations answerable to one government>. https://rekt.news/we-have-centralization-issue

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a cute girl is worried about BTC, and it is not about the price I agree with all her points https://x.com/CryptoTea_/status/1985884556541772005

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Crypto was born to counterbalance the system. Now, do we even care that the impending US stablecoins can exploit our "financial freedom" dream to suppress smaller and poorer nations? Citizens in these countries will use those new "stables" to protect their income from weak native currencies. This will boost the Fed's control over local monetary systems. Next year, the new loyalist Fed chairman is going to have full power to allow or take away those stables at whim, from anyone. This is the bleak reality of "global crypto adoption", a mockery of its former self. (listen about "dollarization through code", 7.00-8.10, below) https://www.youtube.com/watch?v=PuI4o36-gRk

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Can dollar-backed stables help the Global South? With the US long term debt auctions in trouble, the Genius Act can trick the global crypto community into holding the bags of the US gov, by creating demand for T-bills. Luke Gromen says <The stablecoin gambit relies essentially on foreigners being stupid>. He suggests buying stablecoins instead of local, weaker currency, but also putting 1/4 of that dollar balance into BTC. BTC will be way better than the dollar in the long term, but in the short term it can fall 80%, and bankrupt ppl in the poor countries. So 3/4 stables, 1/4 BTC - good advice, right? https://www.youtube.com/watch?v=q4gZ5ixnQ-0

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Crypto, with all its projects, is a watered-down version of BTC because of a different culture. BTC node operators know their stuff inside out and aren't afraid to stand up for what they believe in. Any time someone's tried to dominate $BTC and make it only for the rich - from Bitcoin Cash to Core 30 - it's fallen flat. In the rest of crypto, we are always ready to sell our souls to an investor, so our price is low. https://www.youtube.com/watch?v=XhljRyNs4Hg

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Does this help or hurt crypto? In the old times, politicians used taxpayer money to bail out failing banks. Now, they can simply create a new private coin and pay investors back with favors. https://www.msn.com/en-us/money/companies/the-recipe-behind-the-trump-family-s-crypto-riches-pancakeswap/ar-AA1KpvFs

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