Satoshi left bitcoin with his last confirmed message being a plea that it's too early for a big website like Wikipedia to start supporting BTC.
Just yesterday it was announced Iran started promoting BTC payments for letting ships pass safely through the strait of Hormuz. Where around 1/4th of the world's oil passes. I saw many people cheering of how immutable BTC is.
But in reality this could be a problem. If a large state actors that is an adversary to the west starts accepting BTC officially and it seems to be catching on, who's to say the supporting infrastructure we've come to rely on won't be rug pulled?
Exchanges, services, apps and even most wallets… Nearly everything built to support the surrounding economy of BTC isn't immutable. BTC remains immutable but sadly we've failed at building a resistant cyclical economy around its merits. Maybe it's too early, or we've been to naive so far.
Iran using bitcoin, maybe it's too early
byu/JuOlNa inBitcoin
Posted by JuOlNa
4 Comments
Pass that ish bro i want what you’re having
Commenting just to read the experts weigh in on why your worries are of no concern.
Stop watching the news nobody cares about iran bro, they can accept pixie dust and still nothing in the world will change.
Iran once banned BTC, now they finally see the light.
China is next to be enlightened.