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        <title>New DEFI</title>
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            <title><![CDATA[The Demise of Bitcoin]]></title>
            <link>https://paragraph.com/@biglog/the-demise-of-bitcoin</link>
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            <pubDate>Mon, 22 Dec 2025 09:42:34 GMT</pubDate>
            <description><![CDATA[BTC is dead. It died in the past. It died when the price charts began to hide the chaotic inflation of the US dollar; when 99% of the crypto world became speculators and frauds; and when the giants of Wall Street became willing to buy BTC at 80,000 dollars. BTC is dead. RIP. Decentralization, anonymity, POW, open-source code—this so-called transparency is like an official disclosing his assets. It is an open scheme, a "benevolent" trap set for your own good. Tomorrow it will reach a million d...]]></description>
            <content:encoded><![CDATA[<blockquote><p>BTC is dead. It died in the past. It died when the price charts began to hide the chaotic inflation of the US dollar; when 99% of the crypto world became speculators and frauds; and when the giants of Wall Street became willing to buy BTC at 80,000 dollars. BTC is dead. RIP.</p><p>Decentralization, anonymity, POW, open-source code—this so-called transparency is like an official disclosing his assets. It is an open scheme, a "benevolent" trap set for your own good.</p><p>Tomorrow it will reach a million dollars, but so what? The USD has hijacked it; CEXs have violated it; altcoins have plagiarized it. The fire of Prometheus has become humanity’s Pandora's box. Early holders surrendered their Bitcoin to Wall Street banks waving borrowed cash. Foolish retail investors buy ETH just for a bargain, while everyone screams for PoS.</p><p>The very first coin in the vast majority of anonymous addresses comes from CEXs that peek at your hand, or from governments that know your ID. In the end, your choices have dwindled into the same options shared by hackers, money launderers, and rats in the gutter.</p><p>Let's go back to PoW, let's go back to PoW, let's go back to PoW! Let the first coin at our new address be a virgin, fresh out of the mint.</p><p>"But we all know BTC is too old. It has already finished its mission: the Bitcoin Whitepaper. ETH is too fragile. It has already finished its mission: smart contracts. SOL is too stupid; it is not the future."</p><p>"I shall devoutly offer a new Proof-of-Stake (PoS) paradigm, built upon Zero-Knowledge (ZK) proofs and the TON blockchain."</p><br></blockquote><br>]]></content:encoded>
            <author>biglog@newsletter.paragraph.com (New DEFI)</author>
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