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still leaves me with a veeeery bad taste in my mouth
This whole cycle has been disappointing. We were making inroads in getting people to understand bitcoin and the rest of crypto are not the same but between Trump's shitcoining and tradfi promoting every coin under the sun they can earn fees on. I am not sure the new class of bitcoiners (if you want to call them that) have any clue why Bitcoin and crypto are different. Seems going mainstream has succeeded in making it just another asset.
I still think most in the western world will not get it or care until their is a massive collapse. The problem isn't with bitcoin or any of the marketing around it. Its that people don't see their need of it yet.
Patience. The price of being early is feeling smart and dumb over and over again.
people don't see their need of it yet
Two things I fear:
- Once the collapse has happened and the need is there, people will criticize Bitcoin as useless for not having prevented the collapse.
- Once the collapse has happened and the need is there, regular people will not be able to obtain bitcoin at an affordable price, and thus criticize bitcoin again as being useless.
to your 1. Just as over and over the proof of the people in this space who don't get wrecked like in events such as Mt. Gox and SBF are the bitcoiners who self custody, and that's it. An IRL collapse would be similar and hopefully that would be attractive to no coiners at that time.
to your 2. If economic collapse to the scale of which you're talking about surely bitcoin's fiat price has taken a hit too. Perhaps it will be good buying times for all.
I recall you saying as bitcoin's fiat price was starting to perk up, maybe in late 23 or early 24, that you would trade a bull market cycle for the death of shitcoins. Maybe you got your wish 😀
I know I'm in the minority, but I am kind of glad all the etf bandwagon jumpers and Saylor fanboys are likely to vanish. And fuck Trump too. We need this cathartic washout.
...or what bitcoin is at all. They might not have seen or handled a UTXO ever.
I tried to warn you all
"My Fellow Bitcoiners: Send Trumpism & its Shitcoinery to the Wastebin of History..."
But did you guys listen? No. It will all work itself out eventually in the end... but it all could be so much easier if we called out the scammy politicians especially the current people in charge.
The only solace we have is to say at least our treasury companies are not as bad as shitcoin treasury companies.