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, the original author: Mippo, compiled by Odaily translator Katie Gu.

• Every 3 or 4 years, Bitcoin’s narrative undergoes some changes:

• 2011: Peer-to-peer cash;

• 2015: payment function;

• 2020: Store of value.

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Why is Bitcoin, whose basic settings are hard-coded in the code, given different narratives? Because (at different times) people know the world through stories, people like to tell stories and listen to stories.In 2020, the most obvious abuse of power comes from the Federal Reserve and global central banks.

In a year when governments printed record amounts of money, liquidity and cheap debt flooded the world. Eventually, people started worrying about inflation and negative real yields. This fear of currency devaluation made them think of Bitcoin.

And that will be changed in 2022. Central banks will fight inflation and negative yields will fade.

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Why did I say "censorship" will be a central issue in 2022?

This review is reflected in two key areas:1. The financial system being "weaponized".

"Financial exclusion" has long been a cornerstone of US foreign policy (sanctions). More recently, it has become a tool of control. The ongoing "GoFundMe incident" is a worrying example: access to donations to peaceful protests in Canada has been closed.2. The "new burning of books and burying scholars" of social media.

In January last year, Twitter permanently banned the account of former US President Trump, which made history and led to disastrous consequences. Within a year, we saw this phenomenon magnified: Thousands of Twitter accounts were banned, including actor Alex Berenson, Dr. Robert Malone, an early contributor to the vaccine (who allegedly spread vaccine misinformation).

A week ago, Neil Young deleted his music from Spotify in protest of misinformation about vaccines by the nation's No. 1 podcaster, Joe Rogan. Now, under the pressure of the huge "new crown controversy", Spotify is also facing a choice: whether to keep Joe Rogan's account.

As a commercial company, Spotify naturally has two stakeholders to weigh:

1. Content Creators - Will closing Joe Rogan's podcast increase or decrease their attraction to original creators/artists?

2. Subscribers – Will removing Joe Rogan affect subscription revenue?

So here comes the question: Which side of the supply and demand side is the more valuable customer group?

Speaking of which, Bitcoin is finally on the scene.

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Bitcoin's New Narrative in 2022: How Companies Resist Censorship

• Bitcoin has built the largest and most engaged community in the world. The community cares about:

• censorship-resistant properties;

• free will and the ideal of liberty;

Minimize government intervention.In the example of Spotify just now, if they keep Joe Rogan, they will lose some users. At this point, they need a tactic to attract new users who are ideologically aligned with their choice.

Allowing users to pay with bitcoin seems like a good way to make a statement.From small companies to large local governments, they all face the same choice. Some states in the U.S. are fighting back, such as Texas, etc., pushing Bitcoin payments/adoption. El Salvador is also writing the script for possible future actions by other countries.

Bitcoin will be a banner that unites those who fight censorship.

The adoption of Bitcoin by these companies, state governments, and countries shows that they are ideologically aligned.

I don't deny the utility of Bitcoin as a store of value asset, but I think this will be a new narrative for Bitcoin in the new year.Back to Wenchu,

The greatest threat to our society is not negative interest rates, but institutional overreach, censorship, and even totalitarianism.