There is a 'fundamental clash' between bitcoin and institutionalization, says BTC circular economy project founder
Bitcoin Ekasi's Hermann Vivier emphasized that bitcoin's store-of-value narrative does not exist without usage as a medium of exchange.
➤ Bitcoin Ekasi founder Hermann Vivier argues there's a fundamental clash between Bitcoin's original ethos and institutionalization, stating that full institutionalization would destroy its value proposition. ➤ Vivier emphasizes that Bitcoin's store-of-value narrative is dependent on its use as a medium of exchange, and that self-custody and privacy are threatened by institutional control. ➤ The project Bitcoin Ekasi is building grassroots circular economies in South Africa to demonstrate an alternative system where individuals can earn, spend, and save in Bitcoin, prioritizing freedom over wealth accumulation.











