Good morning, everyone!
Yesterday was a sad day for Bitcoin but also for the rest of the Crypto space.
W3C is a conglomerate of Businesses and Foundations which are responsible for the supervision and development of the Internet Standards, such as HTML, XML, etc.
Last year, Microsoft had submitted a proposal for a new Standard: DDID - Decentralized Digital Identity. This would allow the development of Apps making use of Decentralized Identities. Stuff like linking a Wallet to an App or Website would be more simple and would be done in a Standardised way.
W3C, this group of rats - which includes the Ethereum Foundation (why am I not surprised?) - has rejected the DDID proposal claiming that POW (Proof Of Work) systems waste too much energy and they will never accept such systems to be Standard.
Basically, they are resurrecting the same old FUD narrative that has been debunked thousands of times and comes back to life every 4 years... W3C are joining the boatload of institutions pushing the Renewable Energies Narrative. Oddly enough, while they claim this is an Ethical Decision, they throw into the river all the other Ethical Principles they were supposed to uphold:
This move suggests that Ethereum is very Centralised and its already in bed with the institutions it were supposed to go against. Now it has confirmed just that, by participating on an attack specially directed against Bitcoin but which also affects every other Cryptocurrency and Project out there.
This is almost like stabbing themselves on the belly in order to try stopping the success of their main opponent.
This makes the developments on top of the Bitcoin main layer and on the Layer 2 solutions a lot more difficult... but the fight goes on.
"This common road we walk with bleeding feet
Don’t tell me that you have forgotten what it means
This hell is ours
We’re still on track
Take aim from here and fire back
Strong when we succeed, even stronger in defeat
We’re strong when we succeed, but we’re strongest in defeat
~ Expellow - Strongest in Defeat
I really hope that Ethereum is surpassed by Cardano soon enough. These guys have just proved they are on the side of the Status Quo, Banksters and Nation States... e against the individual freedoms. Not that I believe Cardano is a lot better... but Ethereum falling to the 3rd place of the Market Cap would suit them well. 😏
#VitalikTheTraitor, this moment won't be forgotten.
At the end of the day, this is all a fight of interests. On one side we have the Status Quo pushing for POS Bockchains, because it is a system they are sure they can control; on the other side we have Bitcoin, Monero and other POW Blockchains, something that the Elites cannot control, no matter how much money they own.
So far, Bitcoin has been attacked over and over again... and the size of the attacks have been scaling up. The last ones were made by Elon Musk, then China... and now W3C. If Bitcoin keeps going on stronger and stronger after each attack, the possibility of stopping this train gets smaller and smaller everyday.
You already know me. I'm always rooting for those who defend Freedom... and Bitcoin represents exactly that, freedom from a rotten and corrupt system, the pursue of the sovereign individual and financial control for everyone.
The next years and even decades will be a full on war by the Cypherpunks and Freedom Fighters against the Establishment. Let's see how things play out.