this post was submitted on 27 Jan 2026
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the early plan for btc was to break the spine of central banking cartels and to eventually threaten the reserve status of the greenback. 2008 was still fresh in our minds, and back then it was fashionable to blame fiat currency and the pratcise of fractional reserve lending. The original 'zeitgeist' movie was a big influence on the whole scene.
Eventually people began to figure out that btc was most likely a vehicle for oligarchs and elites to shelter their assets from the next financial crash which killed the libertarian enthusiasm for the project. Now btc is exclusively for tech-bros and other finance-adjacent types just trying to personally enrich themselves.