Bitcoin Is Not Cryptocurrency
60 sats \ 5 comments \ @userbob6 22 May 2023 bitcoin
Bitcoin is not cryptocurrency, and whenever I talk to people about it for the first time, they often default to 'crypto' and shrug off everything else I have to say on the matter. There's usually a grumble about an exchange that robbed everyone, or maybe they bought into some shitcoin and had a bad experience.
It doesn't matter to them that Bitcoin is cryptographically (mathematically) secure, more so with ever new block. It doesn't matter to them that it has 100% uptime. And these aren't your run of the mill sheeple I'm talking about, they are people I care about and would hate to see them go by the wayside in this blossoming financial apocalypse.
They feel totally safe buying up gobs of silver and gold, tucking it away in their safe. I guess that isn't a bad thing, but i could use some help explaining to them that Bitcoin is better without sounding like a lunatic. Maybe that's just par for the course, being all-in on such a new thing.
Any help is appreciated. This really feels like the right place to ask.
write
preview
related posts
10 sats \ 4 replies \ @Monotone 22 May 2023
I disagree with this thesis. Many bitcoiners try so hard to separate "crypto" from bitcoin, linking it to the fact that crypto refers to anything that isn't bitcoin - it's shitcoin. But if you take "crypto" in relation to cryptography (which is what your post is about), then bitcoin can be called cryptocurrency.
reply
0 sats \ 3 replies \ @userbob6 OP 22 May 2023
My bro, I don't believe that you read this post.
Bitcoin is money, not currency. It is the best tool for transporting value across space and time. It is the discovery and flawless application of true scarcity. It is the first and only truly scarce asset. It should not be considered alongside the likes of the innumerable impostors, of which not a single one can boast these qualities.
That being said, the problem I am facing is that whenever I mention Bitcoin, all of the negative connotations of the impostors are conjured up with it.
How do I communicate the superiority of Bitcoin to people who have already round-filed it because of it's widespread miscategorisation and labeling as cryptocurrency?
reply
0 sats \ 0 replies \ @Monotone 22 May 2023
The emphasis should not be on classification and labeling, but on what the fundamental differences are between Bitcoin and everything else and what problems Bitcoin helps solve.
reply
10 sats \ 1 reply \ @Monotone 22 May 2023
I know exactly what bitcoin is. You shouldn't have taken the time to explain it to me. If anything, bitcoin is electronic cash. I am against blind faith without critical thinking. You are repeating stamps that are beginning to look like religion.
reply
0 sats \ 0 replies \ @userbob6 OP 23 May 2023
Is it not blind faith when someone skims the words and assumes that they have a decent summary of what was written? Decent enough to formulate a response without having to think too critically?
Alas, I have simply forgotten the day and age in which i live. The age of TLDR and WTFism. Spare yourself any further annoyance, as I have answered my own question.
Thank you for your attention to this matter.
reply