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One of the earliest to realize what BTC actually stands for: Already in 2012 the UK Telegraph said “Bitcoin is the libertarians dream and a governments nightmare“.

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by COINS NEWS 92 Views

One of the earliest to realize what BTC actually stands for: Already in 2012 the UK Telegraph said “Bitcoin is the libertarians dream and a governments nightmare“.

Usually when we look back on events that predate our present by a decade or so and want to know what people back then thought about Bitcoin the answer is very obvious: They either did not know it, they hated it or they were some tech nerds that actually understood it, but not for the monetary value.

But suprisingly there actually are a very few examples of entities that actually undertood the potential BTC holds, namely the legendary Hal Finney (possibly Satoshi Nakamoto himself) and also other ones like the Winklevoss brothers who bought BTC pretty early on.

Although this example is quite different:

Quote of that UK Telegraph article from 2012, picture by Pete Rizzo on X

Yes, actualy a legacy media site knew the potential BTC could hold in teh future. That is quite bizarre as there were actually even news sites that called Bitcoin dead all the way back in 2010 until now and here we have UK Telehraph saying that Bitcoin is a dream for the libertarians dream and the nightmare for the government. A very daring statement.

And luckily for them it completely paid off, many governments has to crack down on BTC as people were hedging into it due to hyperinflation, namely the IMF even threatened Argentina to de-facto ban Crypto if they want their loans. So they are indeed in fear already and the nightmare will just continue for them…

submitted by /u/partymsl
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