Bitcoin is on a "collision course" with the existing system, according to Hermann Vivier of Bitcoin Ekasi.
Speaking with The Block's Gareth Jenkinson at the BTC Prague conference on Thursday, the founder of the South African Bitcoin circular economy project said that full institutionalization would ruin Bitcoin's value proposition.
"There is a fundamental clash between the thing that Satoshi built and released in 2009 and the current system," Vivier said. "Power does not want self-custody, self-sovereignty, and privacy. Power wants control."
"Bitcoin is a revolution of sorts, but it is a quiet revolution where you avoid using violence — You simply remove the power from the people who would otherwise oppress you," Vivier added. "Bitcoin is all of these things because it's not going to be a store of value unless it's also a medium of exchange."
Vivier said the best way to accumulate bitcoin is to mine the cryptocurrency, but the second-best and easier way is to sell one's goods and services for bitcoin instead of fiat, ultimately creating an alternative system where individuals have the power.
