Bitcoin, you are 16 years old now, well into your teenage years. It is common for people to make decisions that will affect the rest of their lives during these years, often without realizing it. Rarely does one get a “redo” to undo decisions that set them on a particular course of action.Bitcoin, at 16, faces pivotal decisions that will shape its future. Like adolescence, this phase is crucial, and choices now will determine its long-term trajectory.
Scaling and Sovereignty Limits
No, Bitcoin cannot be scaled. Everyone will require Coinbase or JP Morgan if the world needs bitcoin tomorrow since the system cannot scale to handle everyone having coins. All individuals will be slaves, kept in the dark, and susceptible to the government’s arbitrary wealth seizure. Without government approval, they cannot spend money, start a business, or build.
Not everyone must exercise sovereignty. Anyway, they wouldn’t have wanted it. Not even the “elites” will do better. While not required, they may struggle to seize self-custodial users’ coins.They can take you. They can monitor you 24/7 and imprison you if they suspect you’re wrong. Unapproved building will be difficult.
Dollar Support Privacy Challenges
Stable-coins are creating new demand even as our enemies reduce their US Treasuries purchases. I can also add that Bitcoin’s changes in this ecosystem are vital for the Bitcoin.Bitcoin Scaling market to survive, therefore they actively promote the dollar. They are underperforming the dollar, contrary to the long-held expectation.
Our current path. One that allows government oversight over Bitcoin Bitcoin Scaling. where those things are truly helped.Bitcoin doesn’t scale far enough, and there are no sustainable, incentive-compatible privacy mechanisms that are easy to use and economical enough to deter people from seeking it out for privacy.
Bitcoin’s Future Act Don’t Complain
Those who roll over, give up on Bitcoin’s revolutionary power, and follow government orders will become wealthy. No major changes will occur to people’s finances or government interactions. Instead of saying, Bitcoin has already won we should acknowledge these issues and support solutions.
Bitcoin has great potential to improve the world, but it won’t if we’re arrogant, overconfident, and unwilling to solve problems we’d rather ignore. Listening to young people’s conceit rarely helps the relevant party.Bitcoin is too important to be ruined by silly mistakes like kids make. Therefore, don’t.
Summary
At 16, Bitcoin faces crucial decisions that will influence its destiny. Bitcoin’s scale and sovereignty difficulties prevent mass adoption without central companies like Coinbase or JP Morgan. Centralization undermines government control over user wealth and transactions. Bitcoin promotes the dollar, but it lacks privacy solutions to resist government inspection. The paper urges the community to address these concerns, reject complacency, and promote viable solutions rather than accepting the existing quo to maximize Bitcoin’s potential.
