Other than early price and mining, what did later bitcoiners miss out on? \ stacker news ~bitcoin

A recently orange-pilled bitcoin'er missed out on the extremely high signal:noise ratio which has't existed in last few years.
They also missed out of the deep respect for L1 gained directly from just being around the Bitcoin Politics.
Oldfag's have seen so many bear markets that even 20-30% moves in a day aren't as exciting as a new BIP merge
Newbies are yet to develop the BS sensor which an oldie can smell from a mile.

0 sats \ 0 replies \ @FS 21 Sep 2023 freebie

What BS do you smell now?

0 sats \ 0 replies \ @Bitman OP 20 Sep 2023

That's a really nice little list!

269 sats \ 6 replies \ @chairman_pretense 20 Sep 2023

wallet.dat

0 sats \ 4 replies \ @scottathan 20 Sep 2023

Was this just a type of backup? What made it special?

Young buck here only 2 years into Bitcoin :)

5 sats \ 3 replies \ @chairman_pretense 20 Sep 2023

Before seed phrases were a thing, it was the only way to hold your keys. Bitcoin Core itself doesn't actually support mnemonic seeds.

0 sats \ 0 replies \ @danieltapa 21 Sep 2023

i heard in some documentary that Mt.Gox used to store the clients private keys in pure unencrypted text files.. wild days..

0 sats \ 1 reply \ @scottathan 20 Sep 2023

That's... kinda terrifying. Glad I was orange pilled after the tech matured more

0 sats \ 0 replies \ @nemo 20 Sep 2023

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0 sats \ 0 replies \ @nemo 20 Sep 2023

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155 sats \ 4 replies \ @ionisle 20 Sep 2023

Mt. Gox
The fact they didn't reverse the chain (like ethereum did during their dao hack) and people believed in bitcoin enough to keep going was a rallying moment and in the spirit of Bitcoin. Folks have it easy now.

0 sats \ 2 replies \ @FS 21 Sep 2023 freebie

Wait what happened. I want to know more.

0 sats \ 0 replies \ @Bitman OP 20 Sep 2023

Really great answer - that must have been a truly monumental time.

All power to those who answered the call and rallied around.

208 sats \ 4 replies \ @birdeye21 20 Sep 2023

https://imgprxy.stacker.news/YORPwULbti17pm5zl7DgY_mE5r5IfYae13XHXFA1J-I/rs:fit:600:500:0/g:no/aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvYzFlYzExMjItNTNiYy00N2MyLTliNTktMGY3N2QzZTBlNThjLmpwZw

21 sats \ 3 replies \ @nemo 20 Sep 2023

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1 sat \ 0 replies \ @birdeye21 20 Sep 2023

…test!

0 sats \ 1 reply \ @scottathan 20 Sep 2023

testnet coins are kinda something where if you don't know why you need them beforehand then you don't really need them

0 sats \ 0 replies \ @nemo 20 Sep 2023

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73 sats \ 1 reply \ @ek 20 Sep 2023

UASF during the blocksize wars

Missed that myself

0 sats \ 0 replies \ @Bitman OP 20 Sep 2023

Just did a shallow dive into that (Shaolinfry etc) and, somehow, it felt like a weird rerun of a 80s soap opera.

31 sats \ 1 reply \ @k00b 20 Sep 2023

Empty mempools

0 sats \ 0 replies \ @Bitman OP 20 Sep 2023

[Nods wisely]

0 sats \ 0 replies \ @WeAreAllSatoshi 21 Sep 2023

Dang, someone else said faucets, that's what I came here to say!

0 sats \ 0 replies \ @MDono10 21 Sep 2023

Deciding for yourself what bitcoin is.
Currently we have so many people telling you what to think & feel, who to cheer for and hate, it is possible to outsource your thinking to: podcasts, influencers, meetups, and a load of thinkbois. I think this is a good thing to help people onboard, just wanted to note that in the prior times there was no way to outsource this in any meaningful way.