[Editorial] Satoshi Nakamoto's Heresy—Selling Bitcoin to Build Casinos

When Satoshi Nakamoto published the white paper in 2008, it was born out of anger. The collapse of Lehman Brothers, Wall Street’s greed, structured plunder disguised as derivatives. Bitcoin was born from that reflection. A world without central banks, without intermediaries. A currency through which humans can trade directly without exploitation.

Bitcoin spot trading itself has faithfully practiced this philosophy to this day. Satoshi Nakamoto’s orthodox lineage still silently stacks blocks today. The problem is not with Bitcoin. It’s with those who falsely claim its name and parasitize on it.

Historically, heresy always spreads more brilliantly and rapidly than orthodoxy. The cryptocurrency market is no exception. While Satoshi’s orthodox lineage quietly stacks blocks, heretical gambling tables attract dozens of times more capital and crowds. Today, global perpetual contract exchanges for cryptocurrencies openly offer leverage of hundreds or even a thousand times. Perpetual contracts have no expiration date; their design is to keep the speculative fire burning forever. Operating 24/7, 365 days a year, even sleep time is not allowed. Stock markets have circuit breakers, traditional futures markets have margin regulations, and casinos have closing times. But this market has nothing. Not a single device for forced restraint.

Meme coins are the culmination of this structure. Worthless, without technology, without philosophy—relying solely on collective forgetfulness and group psychology to swing thousands of percentage points. Some go bankrupt, others become immensely wealthy. This is a market where shame has completely vanished. Heresy borrows orthodox language but abandons orthodox conscience.

Civilization is built on restraint. Laws enforce restraint, morality advocates restraint, shame internalizes restraint. John Locke drew the line three hundred years ago: “The state of freedom is not a state of license.” Humanity does not fully permit gambling not because it’s without pleasure, but because history has proven that unrestrained desire destroys communities. Shame is the last bulwark of civilization. But today, in this market, shame is nowhere to be found.

Heresy always thrives by distorting the original texts. It hides behind the guise of avoiding regulation, behind the idea of decentralization, behind the language of freedom. Satoshi’s heretics have long erased that boundary. Freedom and indulgence are different. The line Locke drew three hundred years ago applies equally to the cryptocurrency market.

Bitcoin was born to criticize Wall Street. But now, under its name, even more brutal gambling games are established than Wall Street’s. Orthodoxy is silent; heresy dominates the market. Is this a revolution, or merely decadence? The answer has long been clear. The way gambling ends has always been the same. When the crowd awakens, it’s always after losing everything.