Bitcoin has an appalling reputation, as a scam.
This has not been tested in court yet, I suspect because so many leading figures are carrying large bags.
So bitcoin proceeds to new heights as an unregistered financial security. This means, one day, the FCA or SEC will declare it illegal. Maybe. And maybe not. Who can know?
For the above reasons of systemic vested interest, it is unlikely to happen. Clearly the state running every country is also a legalised scam technically - each state simply legalising any bad stuff which allows it to make way. This isn't to say its all bad. It is to say a large part of every state is a scam. It all depends on that, totally. Right or wrong.
There was also a woodlands charity stand at the show. These, like Greenpeace, are 'chuggers' - charity muggers coloquially. Another scam dressed up in fancy planet saving. Destroying the planet, actually, for money. When I suggested to the poorly paid chugger that telling me that he would not speak to me unless I was going to pay him, this made it a scam, the poor fellow went off into an unhinged trade against me in front of a sea of people. In the end having to walk away in shame. Suddenly realising his embarrassing tirade was not his own person, but the planet saving ideology possessing him.
So Bitcoin has a terrible reputation and deservedly so. Even the crypto newbie or householder looking for a quick win knows this. And this is exactly why they gamble on it. In the hope they can gain, against the loss of another who is out of sight and out of mind.
But, the original Bitcoin protocol was not developed as a gambling machine. Exactly the opposite. Yet it was forced by 'state actors' to remove all features that deliberately were designed in, to mitigate such systemic gambling by both the state and private sector. As if there's actually a difference between these two images of the social world anyway.
So we're left with a crippled technology leading the crypto world in BTC. This is no conspiracy theory. These activities are normal for the state. It's an actual conspiracy as they always are. I'm not criticising this at all which would be futile given state Power. I'm merely pointing at it for observation for those smart people who truly want to understand how it all works at the deepest levels. So that this knowledge can be used to protect ones family and household in the best possible way legally.
What I am saying is that this poor reputation means nobody sensible who values the future of their household will go anywhere near crypto today as a business, except for the few corner cases which self exempt. A business cannot be seen to be gambling, even it that is precisely what it is doing. Think of the analogy of the similarly run climate change scam - everyone pretends to be a planet saver, in spite of proceeding to do stuff that is not useful to the planet. And often with the doctrines possessed inducing additional harm to the world as is slowly leaking out into the collective psyche lately.
And it's better still that a newer technology as a labour saving device - such as AI, holds sway within that collective psyche. Rather than Bitcoin. Because this new thing will have the public's focus.
Eventually Bitcoins reputation will be forgotten and when the time is right, the original protocol will be adopted immediately, precisely because it has blocks for crypto gambling built in at the root. But more because state actors for a short opportunity period, will not be able to act decisively against it, being too devoted to a more immediate and desperate national or global crisis. Then, once they do have the time to recognise it and ban it, it will have grown in the minds of the people so much, that banning it will be very tricky politically. They might ban it anyway, but there will be huge risks now in taking that action whereas today there is no risk at all.
There will be nothing the current state actors can do to stop it. Besides when this time comes the state will have far far bigger issues to attend to, and Bitcoin SV can step in and do what it was designed for. So be ready and don't complain today. Just be ready if you're deadly serious about it.
We're forecasting this timing to be toward the end of 2026, at the advent of the next great recession, induced as always by the worlds biggest financial asset class by far, The Mortgage.
https://bit.ly/2026roadmap
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