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I agree, which is why it feels disingenuous and scummy, and I personally think that bitcoin will not see further legs up until this strategy stops being the face of bitcoin.
Bitcoin will not have a 'leg up' until there is better education as to what bitcoin is
People, generally, have ZERO education about how the fiat system works. They don't know what "backs" it. They don't know how new units enter or leave the system. They don't know anything about it.
Yet, they use it because it denominates everything about their lives.
People don't need to get educated about Bitcoin. Instead, Bitcoiners need to build a world where Bitcoin is the denominator... the thing we use.
If Bitcoiners are educated to what Bitcoin is, and yet continue making excused to use fiat daily, then why would education be the solution? Eventually, someone is going to have to stand up to the fiat system, and THAT is what is needed. Not education, but the will to fight.
Shit, I would say we need better education to what FIAT is. Because even the Bitcoin community is far too comfy using fiat. Not angry enough about fiat. Clearly, undereducated about the danger and evil that fiat represents.
Read this about MoE
I have posted before and I'll post it again... I spend bitcoin whenever and however possible because MoE is the future of the network. For us to move forward and educate/onboard others... We have to spend it
I think that was Parker's main point: that calling things like SATA and STRC "digital credit" is misleading people and actively hindering learning about bitcoin.
Bloomberg doesn't want people to understand bitcoin... 'The banks' certainly don't want people to understand bitcoin...
And the government is more crypto-oriented - they strongly prefer people buy the memecoins or crypto coins of the president, the leader, the congress etc etc...
So where are they going to learn about bitcoin?
So where are they going to learn about bitcoin?
Thanks I'll have to check that out sometime.
By the way... Have you heard about the new AI stocks? They're pumping they say ;D
never heard of it
are you sure it's reliable?
Great question.
I cannot personally vouch for everyone there. I did however see one post from a talking Bitcoin mouse in a waistcoat, so the credibility is obviously being handled by the finest minds in monetary research.
bitcoin will not see further legs up until this strategy stops being the face of bitcoin
The thing that has shocked me most, in my Bitcoin journey, has been the fiat-maximalism of the average "Bitcoiner".
The strategy you refer to seems to be what the community has been striving for since the block size war. Not using Bitcoin as money, or ending the fiat system. The priority has been fiat.... disguised behind narratives about Trojan Horses and Gresham's Law.
but it's slightly worse than that I think: it's buying an equity stake that is supposed to pay a pretty high dividend and the equity comes from a company that has no cashflow with which to pay the dividends.