118 sats \ 1 reply \ @dieselbaby 24 Sep 2023 \ parent \ on: What's with Saifedean's weird hot takes on Twitter/X? 🤔😒 bitcoin
Yeah I always go out of my way to point out the utter hypocrisy in those who are quick to praise some people who are otherwise detestable characters (for any of a myriad of reasons), simply because they are "bitcoiners" or even worse, because they are wealthy bitcoiners. It's so cringe...those who act as if their opinions are somehow more valuable or are coming from a more informed place than the rest of us are only serving to perpetuate the same bullshit system that I got into bitcoin to GET AWAY FROM in the first place.
Case in point: all of the fucking lame moonboy types who are incessantly hyped up about fucking BLACKROCK filing for a spot Bitcoin ETF. I have a real hard time managing to square up the people who are excited about this or who see it as being "good for bitcoin" with the (fast dying) ethos behind bitcoin in the first place...I guess in reality those with principles are a dying breed, and it's easy to become disillusioned with the state of things.
I don't know if it even matters if its good for Bitcoin or not really, because at the end of the day Bitcoin is a deflationary technology and this beast cannot be put back into the box. To me that fact alone means nothing can stop Bitcoin, only influence it. In the short term we may suffer attempts to stop Bitcoin and an ETF could allow institutions to control the price but at the end of the day it is no sweat off my back. I don't worry about what's good for Bitcoin as much as I do about how Bitcoin can be good for me.
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