“Never spend your bitcoin” Um, I get that Bitcoin is apex savings but Bitcoin is money and money is meant to be spent.
“You know what happens next” Engagement farming drivel.
“They’re fully regulated” in reference to why an exchange/custodian can’t get rugged. Morons.
“1 BTC = 1 BTC” Like… duh but 1 USD = 1 USD.
“Bitcoin is for everyone” No, it’s not. Bitcoin is for anyone who wants to do the work to learn but it’s absolutely NOT for everyone. Nothing is for everyone.
There’s probably a bunch more but that’s all I can think of right now.
...as if bitcoin is inevitable (another one I disagree with). I always read this as a rationalization for bad UX, lack of user adoption, or a lack of awareness by the general public.
Haha yup, people saying you can get rich HODLing 0.1 BTC are quite mistaken. Even if BTC flips gold that's just a 10x from here as a semi realistic ceiling. Still better than most stocks and holding fiat but not life changing...
Realistically, Satoshi predicted a cap of 1 BTC = $100,000,000. It’s in the units. 2.1 quadrillion 2009 dollars.
But we will go beyond this, however you and the world will have switched to Satoshi accounting by then.
0.1 will buy you multiple houses, 10M sat, compatible to having $10M 2025 dollars.
I don't see bad UX anywhere. It seems most wallet interfaces are at least as much and usually more usual friendly (less clutter) than any typical online banking interface. How much simpler can it get?
That said, the challenge (if one is to custody and send his own on-chain coins) is not at the UX level, which is a frontend. A user should spend some time on mastering basic concepts of Bitcoin address, seed phrase, transactions, UTXO and how these concepts link together. No matter the front-end, these are absolutely the bare minimum to understand. Unless one is clear about what is a bitcoin, what it means to receive it, and what causes it to be sent/spent, he will inevitably make some mistake-thus blowing up his entire fund (lost keys, sent to wrong destination or gave away seed phrase to some customer support guy). Then he will go on for his whole life telling people Bitcoin is a scam.
I HATE that saying... (except when applied to be who go on anti-BTC diatribes, like Peter Schiff)
There are so many good people out there who for many life reasons are just not ready or receptive to the idea, especially with so much shitcoin/NFT fuckery clouding the market. No you are not a better or smarter person just because you bought Bitcoin earlier, you just had the right set of friends or circumstances that allowed you to keep an open mind.
To me I feel lucky and privileged to have gotten orange pilled even relatively late in 2021 (I meet k00b in 2017 and laughed at him when he told me owned BTC 😭)
While this may mean a few different things, it is most often accompanied by slightly left leaning fantasies as if the introduction of Bitcoin will act as a great equaliser between the man on the street vs the uber-wealthy and a panacea of economic ills (especially for the poor). Nothing could be further from the truth.
If people are unaware of Bitcoin, I see it as my opportunity. So I see no incentive to accelerate the process. I do not orange pill, I do not talk about it to anyone I know, I do not go to Bitcoin conferences or meetups, do not wear a Bitcoin t-shirt. On top of that, people have been kidnapped for private keys/wallet, it seems in France the authorities may even be looking the other way from such crimes, to discourage Bitcoin adoption. So don't go acting like you are a Bitcoin guru at every chance you get, especially for your own safety.
Save a few isolated cases, just...does not...happen...at scale. I remember a YouTube video from a Bitcoin blogger who went to some Philippines island where a shop said they took Bitcoin for payment last year. Asked why not this year, the nonchalant answer (from the owner) was he found it difficult to convert, and forgot some password. This was a year when Bitcoin had a big bull-run, and their peso was going down against USD. He does not want more money, he just wants familiarity. See the previous points, they are related.
Adoption is forced from upward, from the likes of JP Morgan and Blackrock (who get into this for their own selfish reasons). The next door pizza seller? He would adopt when he is forced to sell a large pizza for ~500 sats and rue the day why he laughed out of the room someone who offered ~10,000 sats for the same pizza.
Too many poor people, would rather suffer, watch their savings evaporate and complain, than spending a tiny bit of intellectual horsepower to think and act outside their comfort zone. Their inertia is my opportunity.
Yeah, I agree with this one. First off it sounds delusional. Second it is not something that gives me confidence at all since its easy to become complacent if this is all you hear. I would much rather hear steel man arguments about how it could fail. When I started reading things like that and started thinking about game theories it made me far more bullish. Hearing a bunch of young men full of over-confidence say dumb things with their chests out doesn't do anything for me. I think many bitcoiners are signaling a LACK of confidence when they respond with bravado. They are like a mirror of the tradfi boomers who mock bitcoin. All talk.
It reminds me of Christians that get angry when people ask hard questions. It comes from insecurity. When you know a topic and have conviction in your beliefs you welcome hard questions. You don't fear or resent them. I wish bitcoin had better opponents. People with better arguments about how it could fail, most are really lame and it leads to over-confidence.
I don't know if it's most, but 1 BTC = 1 BTC. A thing must always equal itself; it's also true that 1 USD = 1 USD, 1 Taco = 1 Taco, etc.
Anything else people put on that statement needs to be explained, and it would be better if that explanation was just said instead. You could replace 1 BTC = 1 BTC with "Bitcoin is cool" and it would work basically the same.
This meme helped me in the early days to not worry too much about the exchange rate against fiat “money”, develop a longer time preference and denominate my wealth and income in BTC instead.
People need icons and ideas to aspire to and to feel a sense of belonging.
This is why religion and governments are so universal.
Even secularists believe in their own ideologies and get a sense of collective belonging and security from such ideologies.
It is natural as humans are weak alone, but strong in groups.
Libertarian ideologs have a lot to learn about life. DNA and the reality of existence.
Naive Libertarians who think the state is a wholly oppressive and burdensome apparatus when the truth is they would be shivering helpless wrecks without its provision of law and order, security and economic framework.
Bitcoin is important because the banks and governments have over reached their positions of trust and power and need to be returned to being subservient to citizens and free markets- fiat money is not a free market but a corrupt and rigged state imposed monopoly operated by private bankers who in turn have too much control and influence over government. Bitcoin can (hopefully) fix this.
Bitcoin Is for the People
Evangelising Bitcoin
Grassroot Adoption
Poor People Are and Will Remain Poor