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Shitcoiner's Opinions - Bankless: Bitcoin Needs Apps
27 sats \ 5 comments \ @TNStacker 6 Dec 2023 bitcoin
I am a believer in constructive criticism as a means of self-reflection and improvement. So, when an article about Bitcoin needing apps popped up on my timeline I initially dismissed it because it was a Bankless article (they seem to focus on ETH and DeFi). However, in following my personal philosophy I thought I should give it a read. It reads like a sourpuss hit-piece to me. The attack on security seems to stem from a justification for proof of stake over proof of work. I think the author is biased. And I am becoming more biased over time. So, I'm sharing to see what the SN community thinks.
"Bitcoin Needs Apps"
https://www.bankless.com/bitcoin-needs-apps?ref=bankless.ghost.io
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20 sats \ 0 replies \ @DarthCoin 6 Dec 2023
  1. Never share with a referral code or any other tracking code.
  2. When an article ends with "takeaway" or "giveaway" that means is sponsered by a shitcoin campaign. Stay away!
  3. Bitcoin already have so many apps:
https://i.postimg.cc/qvH59JWk/wallets-learning-climbing.jpg
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10 sats \ 3 replies \ @grayruby 6 Dec 2023
Shitcoiners see a world where everything is rebuilt onchain and they become the new wealthy elite. Ultimately they are just fiat maxis but want to control the "crypto" fiat.
BItcoiners see a world where Bitcoin fixes the incentives of everything. Existing and new things that are built will either integrate or align with bitcoin or become irrelevant.
Personally, I have never considered all the dApps, defi, nfts, and any other applications shitcoiners purport to be huge TAM use cases as anything but a distraction of the primary goal which is to fix the money. Once we reach mass adoption we can work on secondary features. I liken it to building a skyscraper. Shitcoiners want to build a skyscraper on quicksand and start by building the elevator to go to the 50th floor because reaching the top is most important to them, Bitcoiners want to build in a foundation in bedrock from the bottom up, floor by floor because building a sound structure that stands for generations is most important to them.
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50 sats \ 2 replies \ @TNStacker OP 6 Dec 2023
Because I was educated in traditional banking and finance - at least that's my excuse - it has taken me a long while to get out of the financial engineering-of-shit mindset. Plus, I have also always been a gambler, so I still "hedge" with futures and options (LNMarkets) and other risk-taking. However, the more I learn bitcoin, the more I am drawn away from all that crap at an exponentially increasing rate. I'm drawn to the base. The money.
Fix the MONEY and all this shit goes away. Eventually.
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10 sats \ 1 reply \ @grayruby 6 Dec 2023
LN Markets is awesome. For fun I like to throw a few thousand sats on there and have at it.
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50 sats \ 0 replies \ @TNStacker OP 6 Dec 2023
Fellow degen!
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