You can tell the difference between a wise person and a foolish one by their mistakes. The wise person admits them, while the foolish one does not.

Most people who are against Bitcoin don’t understand how it works. They don’t know what decentralized data distribution on the blockchain is. They don’t understand what open source is and don’t know how the code works. Nevertheless, they offer their opinions based on ignorance and argue with experts who know how it all works.

There is one thing that people find very hard to grasp. If you want to have truly uncensorable money and you freeze an account to stop a crime, you turn that money into a tool of control. For truly uncensorable money to exist, we must not be swayed even by the most serious crimes. At first glance, it seems absurd, but that is the price we must pay. Anything else would turn it into a tool of control.

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I don’t want the government to dictate what I use, which is exactly why I wanted to use a different wallet with the Lightning Network, but apparently it’s not as cheap as we’d like, and maybe that’s why Bitcoin isn’t suitable for small, everyday payments.

Bitcoin has already done it. In this case, we're talking about old and lost addresses.

Bitcoin’s most important goal is to be uncensorable, regardless of whether it is used for good or for criminal purposes. Any attempt to influence anything by interfering with private addresses would spell the end of the illusion that such a thing is possible.

In my opinion, the difference is that Bitcoin has already been fixed. It’s like an old version of an app that’s been improved, but the old one has a bug. Anyone who can will switch to the new version. In reality, nothing is actually lost.

We don’t even know if that will ever happen. Even with a quantum computer, it would be extremely expensive. Only someone with vast resources could do it, and the incentive for me wouldn’t be very great at all. Even if they managed to steal the coins, they wouldn’t be able to sell them quickly enough and would lose a significant portion of their value.

I’m thinking about Bitcoin. If the addresses are frozen, my trust in the network will vanish, along with any hope that we’ll ever have real, uncensored money. I’m not interested in Bitcoin’s value in fiat currency, but in its importance to humanity as a whole.