reply on: I do not regret spending 8 years of my life in crypto

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178 sats \ 3 replies \ @Scoresby OP 4h \ on: I do not regret spending 8 years of my life in crypto - Nic Carter culture

Figured I'd put my commentary here, rather than in the post:

Being pragmatically optimistic is the right disposition, and you have to hold on to that whenever you find yourself getting blackpilled about the crypto casino. The speculation and mania and extraction should be understood as an inevitable but unpleasant externality of a useful infrastructure buildout.

This is the most interesting point in the whole article. Bitcoin is permissionless -- the specific chain and set of rules we are using as well as the larger concept that crypto ripped off and that has produced 1000 shitcoins and scams. People are going to use it in many ways we dislike; they are going to do bad things with it; they are going to fight us, trick us, lie to us, and use it to try to take away our freedoms -- but if it cannot survive the open sea, it never was a ship to whose mast it was worth tying ourselves.

202 sats \ 2 replies \ @optimism 2h

I think he's got the OG standpoint wrong. I don't recall many people from early days ever talking about gold standards, not even the e-gold people. That narrative came later. It has to me (and most people around me) mostly been about not being censored and not being tricked; NgU isn't a must-have.

100 sats \ 1 reply \ @Scoresby OP 2h

I can't speak to the OG mindset, but censorship resistance is why I'm here.

100 sats \ 0 replies \ @optimism 1h

There's not a single mindset of course. This old thread gives some insight of what bitcoiners thought in 2011. There's some sound money / deflationary reasoning, but the majority isn't.