I love watching Bitcoiner @epr510 debate with meticulous logic and sharp language on 𝕏. I just read an interview from April and extracted some interesting viewpoints.
The entire history of the internet has always been politicized. The ARPANET emerged against the backdrop of the Cold War, with state-supported research aimed at countering Soviet technology. However, the early creators of the internet were precisely liberals who, despite taking military funding, opposed control and emphasized the free flow of information. They conceptually viewed themselves as capitalists, not socialists; as technological romantics, not authoritarians or controllers. Therefore, the technological environment must be decentralized and knowledge-sharing.
If the internet had developed in the Soviet Union instead of the United States, it might have become a central nervous system, better suited for real-time regulation of a planned economy. We are fortunate that the internet was initially driven by relatively free individuals.
Human nature requires storing value, but suitable means of storing value are hard to find. What should be used at this time? One way is to financialize things of value, such as real estate, stocks, and securities, which seem transferable; another way is to regard gold and currency as items capable of storing value. Therefore, hoarding Bitcoin is not a new model but a return to form. Bitcoin has called back humanity's inherent need to store value.
It is Bitcoin that has subsumed America, not the other way around, because Bitcoin has not changed; America has. The U.S. must change its legislation to subsume Bitcoin, but the protocol and program of Bitcoin have not been specially updated for Americans or Trump. On the contrary, Bitcoin will increasingly influence the dollar, as America treats Bitcoin as a reservoir for the dollar, and we are moving towards a Bitcoin standard.
Meme coins are cyber parades.
Can Bitcoin increase its cap? Or can it be shut down? Yes. As long as everyone agrees, it can happen. When we say it is stable, we don't mean absolute stability in a pure mathematical sense. This stability arises partly from mathematics and partly from people's belief in it, and a relative expectation of future society.
Trump issuing a coin could also be a good thing for those who believe in liberalism. We all believe in Hayek's idea of the 'Denationalization of Money,' advocating that private individuals and companies should also be able to issue currency. The market economy should function this way; currency is merely a commodity and should not be monopolized by any individual or institution. Since anyone can issue currency, this person can naturally be Trump. In the short term, this will impact the market, with everyone coming to harvest profits, and when the profits are exhausted, the market indeed may not recover. But in the long run, it can be seen as a liberal advancement. Issuing currency in a very cheap way demystifies the act of issuing currency and can be considered a form of ideological liberation.
Today, finance has come down from its pedestal, and those trading coins are no different from those playing finance on Wall Street. The influencer economy is an emotional economy, but emotions are invisible and intangible, making them hard to locate. Now, through these tokens, emotions are transformed into tradable items.