When I first got into Bitcoin in 2010, I was its #1 fan. It was supposed to be decentralized, self-custodied, free from whales and manipulation, and beyond government control. Now, it’s a government-backed reserve asset. Self-custody has been replaced by ETFs, its price is entirely manipulated by scammy centralized stablecoins, and the system is controlled by the same institutions and fraudsters it was meant to destroy. Bitcoin didn’t just fail its promises, it literally became the monster it was meant to destroy.(Jacob King)