609 sats \ 20 replies \ @nerd2ninja 24 Oct 2023 \ on: Don't get too upset about the bulls***. BITCOIN is the TROJAN HORSE. bitcoin
Anything that is bad for people I am going to fight off. Stablecoins are just company scrip still rehypothecated dollars but without the FDIC bailouts.
Shitcoins are just VC fluff to gain exit liquidity
I don't know if you know this, but the strategy behind arguing with someone on the internet is either, to gain new insight into how people like the one you're talking to tend to think, or to make a show for people who are lurking and watching your debate. You never argue with someone to convince the other person, you're just wasting your time.
So the point of making a stink about this shit, is in the hopes that newbies watching the hullabaloo, will stay away from the scam. So its especially important right now to rally against a Bitcoin ETF so that less people actually buy into the ETF and in learning why ETF bad, learn about self-custody.
I fully agree with making a big stink out of it as I mentioned, it's great that bitcoiners rightfully call out the BS and try to keep newcomers away.
It's necessary and the right thing to do, don't wanna suggest we don't do that. Unfortunately, though, I think the reality that many bitcoiners are gonna have to come to terms with is that a lot of adoption will likely come through this shitcoining fiat nonsense.
We'll build countless fiat-style financial tools with Bitcoin, and while it may not be "right" in the short term, the long term trend I think shines even brighter. This weird blend of fiat and bitcoin is BOUND to happen, and it IS happening. Doesn't mean you have to take part in it, but better to get somewhat comfortable with it, because it's gonna get a lot worse.
The good thing is that all these fiat incentives provide more opportunities to learn about the virtues of Bitcoin and honest money.
Bitcoin ETFs are bad, but if they never existed, like you said, people would never learn why they're bad, and why self custody matters. Bitcoin adoption is brutally fair. They will find out the easy way (through listening to bitcoiners) or the hard way. We can't just dream and wish for a smooth adoption process that's devoid of the fiat reality we are living in.
Fiat is simply just more familiar to most people. Doesn't make it right, but if we want Bitcoin to truly weed out fiat, it's probably gonna have to do it from within. Like the HORSE!!
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Doesn't mean you have to take part in it, but better to get somewhat comfortable with it, because it's gonna get a lot worse.
I won't tell you why I'm like this, but I have it drilled into me to never be comfortable. Comfort is death. I'm comfortable with being uncomfortable and I'm uncomfortable with being comfortable lmao.
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Comfort is death. I'm comfortable with being uncomfortable and I'm uncomfortable with being comfortable lmao.
That reminded me of this:
Whenever anything SUCKS, I like it.
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Embrace the suck. It doesn't get easier, you get better
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Haha I understand. There's a lot of merit to that!
Just think the negative energy from bitcoiners (not saying you just in general) can get better channeled towards education rather than frustration
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So its especially important right now to rally against a Bitcoin ETF so that less people actually buy into the ETF and in learning why ETF bad, learn about self-custody.
I see. Maybe we need to differentiate between "ETF approval" vs "people actually using the ETF". I think the approval is good since it sends a good signal: bitcoin is reaching "escape velocity". But yes, people shouldn't actually use the ETF. It's a signal to use bitcoin.
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Be a random for a minute. Pretend you're one of the people who doesn't really mess with Bitcoin. All of a sudden, you see a Bitcoin ETF approval and you think that means its safe to use. How absolutely confused are you gonna be, seeing all these Bitcoiners getting all riled up and excited about a Bitcoin ETF approval, who then tell you that for some reason you shouldn't actually buy the ETF (assuming that second message will even get to this person in question, because the ETF excitement is so loud)
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I get what you're saying, but I think if all bitcoiners were making just as much noise against an ETF as they are for one right now, then normies would still be equally (if not even more) confused about Bitcoin
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At least that confusing would result in an amplified signal of the right message.
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True. At the end of the day doesn't really matter what bitcoiners say, I have to keep in mind that the internet is a lot noisier than the real world lol
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I think it matters what Bitcoiners say in spite of the noise, but it do be pretty noisy
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the internet really does wash out the value of words, doesn't it. You can walk away from a computer way more confused about a topic than you began if you're presented with the wrong things.
Most people need to touch see feel Bitcoin somehow (painfully or not) to understand it
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Most people need to _touch see feel _Bitcoin somehow (painfully or not) to understand it
This. Buying the ETF, learning more about bitcoin in the process (assuming you do your own research and don't take anything you hear for granted) and realizing you got scammed is better than doing nothing at all.
Bitcoin is like fire in that regard: You don't learn that fire is hot without ever touching it
How absolutely confused are you gonna be, seeing all these Bitcoiners getting all riled up and excited about a Bitcoin ETF approval, who then tell you that for some reason you shouldn't actually buy the ETF (assuming that second message will even get to this person in question, because the ETF excitement is so loud)
Just as confused as everyone else who got into bitcoin at any point. Or should I say crypto?
My stance is that we all start somewhere, so people buying into the bitcoin ETFs is better than nothing at all because as I said: we all started somewhere right? None of us became toxic bitcoin maxis over night, I would say. Except @DarthCoin maybe, lol
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When I started with BTC (2012), none of these crap ever existed. Was just Bitcoin. Of course I wasn't distracted by shitcoins and scams.
Is all about how and when you started and keep your focus only on what matters.
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Then you're special but I got started with Coinbase and I thought it's an investment.
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I never opened a Coinbase acc for me. First time I saw it, something told me that is fishy.
In 2015 a friend of mine came to me happy that he opened a Conbase acc.
I told him to be careful that Conbase is the enemy of Bitcoin and should close it and use many other sources to get some BTC.
He scream at me that I am crazy and only spread FUD etc bla bla...
Later I sent him this list with points about Conbase...
Only after years he came back to me and said: you were right all along, Conbase is the enemy.
Like I keep doing nowadays, warning people about many other scams and dangers.
Why?
Because I have a very good sense of detecting bullshit and I pay attention to many details.
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But the question is: would he have gotten into bitcoin at all without Conbase?
I'm not saying they are not the enemy, but they are also doing us some favors on accident.
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At that time were already many good places to buy some BTC, for example Bitstamp.