What do plebs have the hardest time understanding about bitcoin in your experience?
144 sats \ 7 replies \ @DarthCoin 17 Jun 2023
First of all the term pleb, means a humble bitcoiner that already have some knowledge about how Bitcoin works. And is a way more knowledge than a nocoiner / shitcoiner / precoiner would have.
So I think you refer to newbies or precoiners, those that start getting in contact with bitcoin but still don't get it, right?
So for these... the basic concept that take time until they get it, is ...
NOT YOUR KEYS, NOT YOUR BITCOINS.
Simple as that. All the rest are just technicalities.
But once they get this and understand it well, then all the rest comes very easily.
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0 sats \ 6 replies \ @birdeye21 OP 17 Jun 2023
NYKNYB is for sure a big one…it’s hard for newcomers to even understand why someone would need to take custody themselves. Relying on third parties is so deeply ingrained.
And my problem seems to be understanding proper terminology lol
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3 sats \ 5 replies \ @DarthCoin 17 Jun 2023
The best recent example of a guy not understanding this basic rule is Hotep at BTC2023
https://www.youtube.com/shorts/XPNffSywoCg
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31 sats \ 0 replies \ @BTC_Bellzer 17 Jun 2023
There are definitely some people that don't feel comfortable around tech. They still have a flip phone and need their kid to program the tv remote, but I think the vast majority of people that are like this guy don't want the responsibility. Can't tell if it's laziness, ignorance or fear keeping people out but they 100% don't want to be made/held responsible.
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0 sats \ 3 replies \ @birdeye21 OP 17 Jun 2023
that was a bad look...and at a bitcoin conference too.
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0 sats \ 2 replies \ @DarthCoin 17 Jun 2023
I know many people (normies) that think exactly the same. And that is the most sad thing.
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22 sats \ 1 reply \ @birdeye21 OP 17 Jun 2023
My hope is that bitcoin restores that sense of individuality back into the world.
We’ve all become so complacent relying on others to take care of things for us that we don’t realize how much of ourselves we give up to other people.
A world that provides the tools necessary for us to easily take ownership over our lives and future, I think, will be a far more beautiful place, aesthetically, psychologically, and spiritually
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0 sats \ 0 replies \ @sudonaka 18 Jun 2023
We’ve become authoritarian and collectivist just like last 80-year cycle with communism and fascism. It’s the same thing over again. Too much reliance on the state- which leads to destruction.
Again we are coming to the end of a cycle, (2030)
This time let’s make Liberty last a little longer.
We have been making progress and our tools are much better- if we have the courage to use them.
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32 sats \ 1 reply \ @orthwyrm 17 Jun 2023
How PoW is necessary and not "wasteful".
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0 sats \ 0 replies \ @Gjoni 17 Jun 2023
This x100
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25 sats \ 1 reply \ @WeAreAllSatoshi 17 Jun 2023
Wallets don’t hold coins
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5 sats \ 0 replies \ @birdeye21 OP 17 Jun 2023
This.
The coins are always on the blockchain, your keys just give you “rights” to those coins essentially
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17 sats \ 0 replies \ @sime 17 Jun 2023
The responsibility of self custody.
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14 sats \ 1 reply \ @DiracDelta 18 Jun 2023
The least understood concept is that the transitionary state between full fiat and full bitcoin is the most complex economic environment that will ever exist and you cannot simply look at sound money economics to understand the transition.
The LEAST understood concept is the role the 4th function of money plays in the transition, and it's rather poorly understood from the get go due to the fact most people think there are only three.
Moreover, the only person who was explained it in any level of detail is a lazy writer whose newsletter meanders and is not that easy to understand and often unconvincing, but it doesn't really matter to me whether you get it. https://heaviside.substack.com/p/the-forgotten-fourth-function-of
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0 sats \ 0 replies \ @birdeye21 OP 18 Jun 2023
Thank you for this
Haven’t fully explored your newsletter and links within it yet, but this is the exact kinda content I’m after
Challenging assumptions, raising rather unspoken conversations among bitcoiners
I truly don’t have a good understanding of the 4th function of money, so I’m excited to dive into it
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10 sats \ 0 replies \ @fedelang 17 Jun 2023
Easy, how nonce works.
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10 sats \ 1 reply \ @xmr_btc_furry 17 Jun 2023
simplest stuff is: "not your keys, not your coins"
one complex: would be the balance of miners and nodes on activating softforks and hardforks and why you don't trust either one or the other. I don't even get this totally myself yet
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0 sats \ 0 replies \ @birdeye21 OP 17 Jun 2023
Ya when I first got into the space, the distinction between nodes and miners confused me
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10 sats \ 0 replies \ @lunanto 17 Jun 2023
Byzantine generals problem
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0 sats \ 1 reply \ @benthecarman 18 Jun 2023
apparently inscriptions because everyone blames taproot
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0 sats \ 0 replies \ @birdeye21 OP 18 Jun 2023
I am interested to see what comes of inscriptions…cautiously optimistic, but the wave of obvious garbage proliferating now in their early stages is quite the eye roll
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0 sats \ 0 replies \ @channel_ninja 17 Jun 2023
bitcoin script probably. reading a stack based programming language is just weird lol
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0 sats \ 0 replies \ @nkmg1c_ventures 17 Jun 2023
In terms of tech, how the UTXOs work and the various BIP-<x> recipes for getting from mnemonic to private and public keys.
In terms of sociology, why Bitcoin exists in the first place, why so many Bitcoiners distrust government money
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0 sats \ 2 replies \ @Chep 17 Jun 2023
Forks are a challenging one to explain to non computer science people in my experience
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110 sats \ 1 reply \ @birdeye21 OP 17 Jun 2023
They’re challenging for Coinbase devs too.. https://twitter.com/pledditor/status/1669882529334132736?s=46&t=hW_Jkuyu9sa77L_CqzJYWA
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0 sats \ 0 replies \ @Chep 18 Jun 2023
lmao factsz
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0 sats \ 2 replies \ @nymatix 17 Jun 2023
deleted by author
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0 sats \ 1 reply \ @birdeye21 OP 17 Jun 2023
Will have to look more into his work, I’m all about some good bitcoin philosophy
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7 sats \ 0 replies \ @nymatix 17 Jun 2023
deleted by author
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0 sats \ 0 replies \ @tduffles 17 Jun 2023 freebie
In my case it's how to consolidate UTXO's so you don't spend an arm and leg on mining fees. I am still learning how UTXO's work.