Many well-known Bitcoiners say that bitcoin is money for enemies: Vijay Boyapati tweeted about it; Nic Carter has written on it; Peter McCormack and American Hold chanted that conclusion here. On these pages in January 2022, Mark Goodwin wrote: “Bitcoin simply must be for enemies, or it will never be for friends.”

It sounds good and it feels nice, drop-mic style, but what does it mean for bitcoin to be for enemies? Or any money for that matter? What is the trustless, decentralized nature of bitcoin bringing to the table?

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