Since its inception in 2009, when bitcoin was developed to address the deficiencies in the current fiat system, the narrative behind its main adoption drive has shifted several times. On social media, bitcoiners have expressed their worries about how the institutionalization of the space, driven by Wall Street, is changing the ideas behind crypto, namely decentralization, privacy, and disconnection from the current financial system.
Jameson Lopp, co-founder and CSO of Casa, a bitcoin services company, referred to this phenomenon. He noted that as new entrants, whom he called “suitcoiners,” take hold of bitcoin, “it can evolve in ways early adopters dislike, leaving them disillusioned.”
Read more: A Hero Falls: Bitcoin Community Blasts Michael Saylor’s ‘Paranoid Crypto-Anarchists’ and Self-Custody Remarks
He assessed:
The suitcoiners are here and they aren’t driven by libertarian or cypherpunk ideals.
Nonetheless, he acknowledged that this takeover was expected and that it was impossible to stop, as bitcoin’s proposal took the center of the economic stage. “Will be interesting to see how it shakes out and what values the game theory will manage to persist,” he concluded.
HoldMagoo, an active bitcoiner on social media, acknowledged that the prime cryptocurrency had indeed been captured but stressed that this could be a good thing as it could act as a Trojan horse.
“It is not until Bitcoin has marinated fully into the financial system, political system, and culture that it will then be able to start eroding the power structures we so desperately want to see destroyed,” he stressed.
The discussion about the current state of bitcoin adoption and its future is still out there, with some stating that this takeover might spur changes in the current pillars of the bitcoin philosophy, including the 21 million token issuance limit and its security model.
Read more: Turmoil: Blackrock’s Bitcoin Video Raises Questions About the 21 Million Hard Cap
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
