I am increasingly fatigued by those who claim to be genuine Bitcoiners yet remain obsessively focused on its price in fiat currency.
If you fall into this (unfortunately large) category, you should not consider yourselves Bitcoiners.
Your understanding of monetary fundamentals is virtually nonexistent; you merely ride Bitcoin opportunistically, like parasites, while your preferred currency is ultimately destined to fail:
here Is what your fiat looks like in the mid/long therm with the soundest Money as the denominator:
I will never regard anyone as a Bitcoiner unless they meet at least the following minimum criteria:
- Self-sovereign: They maintain full control over their own private keys and avoid custodial solutions like the plague.
- Operate their own full node: They validate the rules independently, contributing to network robustness and ensuring they do not rely on third-party verification.
- Engage in mining, even on a small scale: Whether through modest hardware or lottery-style setups, they participate directly in Bitcoin’s security model.
- Demonstrate a deep understanding of Bitcoin’s monetary principles: They grasp scarcity, decentralization, immutability, and the separation of money from state control.
- Use Bitcoin in real economic activity: They transact in Bitcoin when appropriate, rather than treating it solely as a speculative asset.
- Contribute to the ecosystem: This may include educating others, supporting open-source development, strengthening privacy practices, or advocating for censorship-resistant infrastructure.
- Commit to long-term stewardship: They view Bitcoin not merely as an investment but as a technological, economic, and philosophical breakthrough that requires responsible participation.
And if someone is so special as to be regarded as a “Bitcoiner”, then what? So what?
There are a lot of things one can be
Indeed
As kids playing outside in the '60s we had an expression:
Exactly. Bitcoin is for enemies. One can call everyone they don't approve of a non-bitcoiner, but can't stop them from interacting with bitcoin. So... whatever.
I am increasingly fatigued by those who claim to be genuine Bitcoiners yet claim disinterest in its price in fiat currency. If you fall into this (unfortunately large) category, you should not consider yourselves Bitcoiners.
Your understanding of monetary fundamentals is virtually nonexistent; you merely virtue signal with Bitcoin opportunistically, desperately, as your self-esteem has otherwise failed.
I will never regard anyone as a Bitcoiner unless they meet at least the following minimum criteria:
Oh no.
I guess I'll just have to spend my bitcoin with other not-Bitcoiners™ then. On not-Bitcoiner-things™ like the pepper crusted ribeye I had at a not-Bitcoiner-restaurant™ an hour ago.
I control my own private keys, but I don't avoid custodial solutions like the plague. (0.5 pts)
I operate my own node, but for convenience I also sometimes use third-party verification. (0.5 pts)
I have never mined. (0 pts)
I think I can discuss this as well as anyone. (1 pts)
Yes, I try to use bitcoin for real purchases whenever I can. (1 pts)
I think my contributions to SN count well enough for this. (1 pts)
I agree it's a technological and economic breakthrough. Not so convinced about the philosophical part. (0.67 pts)
I'm 4.67 / 7 of a true bitcoiner.
I thought this came from @cryotosensei
Its not a philosophical breakthrough but rather the application of existing philosophies that are not new. That's what is so fascinating about bitcoin. This attempt I sometimes see to disconnect bitcoin from the ideas that predate it is silly to me.
It is the only decentralised online agorithm that treats all participants equally in contrast to the proliferation of centralised algorithms that harvest data and centralise power and wealth. In this respect Bitcoin is both new, original and philosophically distinct.
I knew I wasn't a maxist full Bitcoiner. Guess I gotta change my nym! 🤠
maybe you are marxist
hahaha don't be surprised, we have such elements like marxist bitcoiners.
Ouch! I’m only 6/7 of a bitcoiner
Hah! six-seeven..
I'll let myself out.
did someone say parasites?!
body sovereignty is likewise disregarded by bitcoin users and normies and bitcoiners-in-name-only; try asking a random sample of people "do u own ur body?" and witness how hard they are trying to come up with an answer; 😹🐼🐍
seems like an important idea; does anyone have a counter-argument?
#1317054
All organisms are dependent upon their environment and ecosystem. The idea of a sovereign individual is a highly hyped illusion demonstrative of late western civilisation and its loss of appreciation for the significance of organised group hierarchies (governments) in determining the wealth of individuals and nations.
I was gonna say I check majority but check em all hi 👋 na feel ya on this message though. Reality is most people can't do all this mining for the longest time was not a thing in my world
Gatekeeping and "No True Scotsman" fallacy but the list isn't wrong. I'd recalibrate it to be about being the goal of every Bitcoiner, not the minimum requirement.
I don't care about bitcoin PRICE (price meaning base_asset_value/quote_asset_value ratio, where quote_asset usually is fiat USD). I care about bitcoin VALUE which grows with adoption.
And since bitcoin VALUE is highly correlated with it various prices over various quote assets you might argue that I indirectly partially care about its fiat price too. Caring about this indirect proxy metric to bitcoin value has some merit and don't blindly deter it.
Are yah winning son?
1sat=1sat I just checked the price
Anyone who uses bitcoin is a true bitcoiner.
Well to each their own. I don't let anyone's philosophy dictate what I do with my wallet. That's the true independence that really matters.
This is the place where "true Bitcoiner" has to meet with reality which is not exactly pro-bitcoin.
You have not enabled your LN wallet on SNs - like the legendary 'Bitcoin Maxi' hypocrit @DarthCoin you refuse to participate in one of the very few globally accessible circular economies using Bitcoin. I will never zap you, or @DarthCoin until you enable your LN wallet.
Thanks. But economies is not built around forcing somebody to accept something. Cults are.
And you are deeply wrong. I just have ton of wallets.
The point you fail to refute is that you CHOOSE to not participate in the bitcoin MoE circular economy on Stacker news where you have the opportunity to.
You confuse monetary based signal and actual circular economy which is rather non - existing in whatever scales unless you have a podcast with listeners.
No I see a hypocrit who cannot be bothered participating in an operational Bitcoin circular economy (Stacker News) when it is right under his nose...and who is actively and deliberately boycotting the opportunity.
Probably because you are more interested in hoarding/arsemiliking sats than using them as a P2P payments protocol.
You are welcome to zap your 10K sats for MOE and circular economy. As I said I run not even one node. Your move chief.
I still see a hypocrit. There are so few places we can spend sats and yet here on SNs is one but you refuse to participate insterad circulating CC shitcoins. CC shitcoins are specifically for those who CANNOT yet enable a wallet, not for those who cynically refuse to engage in a BTC MoE while seeking to take sats off others like parasites. Are you a @DarthCoin sock puppet?