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The biggest LARP happening among Bitcoin is the idea that you have "opted out of fiat" by simply holding Bitcoin. Even though you use fiat every day for everything, and you talk about the fiat price of Bitcoin more than you talk about creating circular Bitcoin economies.

Denominating your net worth in Bitcoin is not enough to claim you've opted out of fiat. Stop lying to yourself.

So true 100% no ISP takes bitcoin for payment so anyone living on a bitcoin standard is using some hack to pay their fiat bills

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lol. That's actually the one thing you can pay directly with sats. Your point stands but your example is wrong.

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What ISP in America takes Bitcoin? Drop the name so we can all drop our current ISPs

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silentlink, nadanada. have fun staying kyc'd.

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Silent link leverages existing tech. When you pay them in bitcoin they are converting to fiat and paying the major telecom companies.

Nice try though.

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Why do you care about what your counterparty does with their sats?

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I don’t. I am making my point that no one truly lives on a bitcoin standard when the people you pay dump it for fiat to pay whatever producer/ provider you are buying goods and services from

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176 sats \ 2 replies \ @fiatbad 1 Aug

Which is why we need to work on building entire supply chains with Bitcoin as the base.

Merchant adoption is meaningless if the supply chains aren't on-board.

Hodling is meaningless if medium-of-exchange is not there.

Huh? No I think that now you're trying to be a bigger purist than Darth.

What I do with my sats is my business. What my business partners do with theirs is their business.

You cannot reflect what someone else does on my standards (nor can one really comment on another's standards, but whatevs) that is not correct. I spend sats, I spend sats. We can argue about paying T-mobile through bitrefill, but even then, I'm still paying in sats. My MoE is Bitcoin. Whether then my supplier cannot match their liabilities to also be in sats is simply irrelevant to my standard.

If you buy something in USD from an importer that has to pay their supplier in CAD, are you not living on a USD standard? I say you are. You're not touching CAD.

The biggest LARP in bitcoin is that "opting out" is a victory "against" the state.

Bitcoin is peter pan syndrome at scale. Infantile/adolescent tantrum throwing, rejection of the state of the world, a rejection of one's life. Low dimensional utopianism by idealist losers who are largely cultural orphans who anchored to the robust legibility of engineering, within which, bitcoin is remarkably obvious -- no genius required, but bitcoiners want to feel special for loudly declaring the world "wrong," which is a metaphysical/moral claim.

Read Nietzsche. Read Luhmann. Read Jünger. Read Musil. You have no "rights" that do not emerge from the magnanimity and grace of hard power, phaggot, there is only the actual reality. Violence is part of the market. Libertarianism is for retarded, whinny faggots. Stop lying to yourself, or keep your circular jerk-off circle, doesn't matter much to the world, but bitcoiners are content with the feeling with power, a bit of purchasing power -- little real ambition to reshape the world.

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An intriguing comment!

Nietzsche: morality (including rights) is historically contingent.

Luhmann: rights are system-generated stabilisers, not absolutes.

Jünger: power can override liberal abstractions.

Musil: modern values are often more fragile than they appear

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This made me smile, thank you. I'm reading The Man Without Qualities right now actually.

I am involved with some Bitcoin policy work back in New Zealand, and as a part-time journalist have also met with plenty of bankers / politicians and even a few central bankers.

It is always interesting to politely bring Bitcoin up and see how they see it "from their side of the fence."

For a lot of plebs "opt-out" of fiat is just putting head in the sand. They do not recognise that you need voice (as well as Exit, à la Albert O. Hirschman). Money is a political project and requires acceptance and negotiation from the other person to be used as a MoE. We all try to orange pill our friends, but many are reluctant to vote, get involved in politics, or try and shape the regulatory framework.

One of the most damaging phrase in Bitcoin I have heard people (mis)quote from Satoshi is:
"If you don't believe me or don't get it, I don't have time to try to convince you, sorry"

What is the alternative to civil engagement and discussion? Armed revolution? Mass disobedience?

They choose to hold their coins and wait, but this forms an apathy fuelled by No True Scotsman and puritan thinking. Heck, even the Shitcoiners are on "our side" in the market for private money, but are too juicy a target.

Maybe this is why the influential X/podcast Bitcoiners get so many followers? I dear say they have a strong commanding voice and extreme self confidence like our dear NVK which reminds them of the kind of mythical tribal leader missing from our modern world?

I always come back to the idea of: once you opt-out, once you have freedom - what do you do? From that platform of freedom how does it serve others and improve over what we currently have? If your "freedom" amounts to hating on a wallet because it supports shitcoins and listening to 40 hours of podcasts a week, then I don't think that is freedom.

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