Was watching a recent clip of Bloomberg Business and it occurred to me that I could just randomly pick a stacker on this site and they would have 10 times more knowledge about bitcoin that the people on the financial networks. Its not just that so many experts are wrong about bitcoin. Its that they do not even attempt to understand it. They don't know what they don't know yet.
In the coming weeks there are gonna be thousands of new "experts" trying to put themselves out there as authority figures. Get ready for a not of BS guys. Its gonna get deep real quick.
Also be prepared for a lot of "I am new to bitcoin and here to fix it" takes.
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It has become obvious to me how little talking heads actually know for themselves in general. They basically just parrot what others say. Say what they need to for the clout/views/handlers.
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This is something Dave Smith mentions a lot after having done cable news panels for years. They literally don't usually know more than whatever they said in the 20 seconds they got to talk.
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Yeah, Dave Smith is so great on camera. It is wild how he, a comedian can destroy political pundits.
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Please listen to No Agenda, 16 years of media construction...
When you say "talking head," we say, "news model."
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ITM
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#TYFYC
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Exactly. Saw a meme about that in Marty Bents newsletter. So true.
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I can't believe you made this post. I had the exact same thought. Listening to Tom Keane, I thought of a dinosaur who had no clue the meteor was about to hit. As an aside, I heard him refer to Gensler as an honorable man who can be counted on to do the right thing, protecting innocent investors from the likes of SBF. I laughed out loud.
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Keane's comments about ole Gary is an example of why these people hate Bitcoin. The traditional system is based on who you know and connections. A trustless system is foreign to their minds.
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I just saw the video and clicked on it. I never watch live TV besides sports. No clue who any of the people on the show are. I find TradFi insufferable to watch but bitcoin turns it into a comedy show for me.
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No way, that was the same segment that inspired this post....
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oh yes, but these Financial "Experts" are good at talking, and normies are super easy to be fooled by those talkers.
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Exactly. I've noticed how annoyed many of the old timer tradfi guys get when bitcoin is mentioned. I think this is largely due to them being exposed for what they are in front of the masses.
I could be wrong about that but I think they are aware they are out of their depth and being exposed.
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most of them make their money on creating complicated products, so normies need to rely and pay them to take care of things.
I guess it's the same why they are trying to bring Bitcoin into ETF, again, making something simple into complicated so that they can keep fooling others while looking "smart" and make money out of it, but then the main reason Bitcoin exists is to get rid of these people, kind of irony now that they make an ETF out of it.
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One more thing I can share is that many so-called Financial "Experts" are sales people, all they do is memorize sales pitches and pretend they know EVERYTHING so to sell people "complicated" financial products.😂
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Nailed it!
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Gell-Mann amnesia in full effect.
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Bitcoin has been in existence for 15 years guys. 15 years. If there ever were an example of why you need to do your own research it is bitcoin. You can not trust the authorities and experts to explain and put their stamp of approval on things. We do not have to anymore.
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Many tech startups would dream to last that long, and still people pour millions of dollars into them
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110 sats \ 0 replies \ @ek 10 Jan
bitcoin is a measure for stupidity and a global marshmallow experiment
update: got inspired to create this post
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Urgh tell me about it. Was trying to orange pill my friend and she was super interested until her husband threw a spanner in the works. He spoke to a bank manager friend of his and he said quote "he knows some people who have lost money in bitcoin" :DDD fcol I said a lot things back to her in response to that, to which she totally agreed with but husband says he's skeptical sigh. But it's their money and their business, so hey ho...
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Then she tells me she went to a xmas do and quizzed a financial advisor there about btc and he knew literally nothing about it! :D I said well they advise on financial products, so they are basically salespersons advising on whatever products are available in the mainstream market. If/when btc ETFs become available they will then start selling and "advising" on those as well. But until then... btc? what's that?
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Many people from all walks of life have said Bitcoin is dead, basically every year since Genesis:
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Ha, yup.
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Is it over? If yes explain me how, or we still early?
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It's very clear to me browsing places like Reddit. Not talking about Buttcoin, but more standard places like FIRE, PersonalFinance, Economics, etc.
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In r/FIRE they still say Bitcoin is "farts in a bottle", even with BlackRock and other tradfi boys entering the space.
I don't know how ignorant one must be to think that. Maybe it's just their 4% or whatever fiat FIRE thinking.
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The community wouldn't have any discussion anymore if everyone just bought bitcoin 😂
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Yes, I think for FIRE in particular the emphasis on yield-bearing assets necessarily excludes Bitcoin. People are looking to "retire forever" on that 4% rent-seekers allowance.
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This (along with articles that also have no clue about Bitcoin) is the literal reason we founded Athena Alpha.
All we study and write on is Bitcoin. To educate as many as possible with the highest quality material and resources.
We also have professional backgrounds on networking, engineering, science, programming and accounting/investing.
If we're wrong, tell us, with evidence and we'll fully investigate it and amend our information if required. Screw people who pretend they know everything and mislead others
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I think that the very fact that I remained indifferent to the approval of spot BTC ETFs shows how much I have evolved as a Stacker. Previously, I would have been thinking about how my portfolio would pump, but now I’m just trying to inch closer towards living the BTC standard. Price is fleeting, sats are forever
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Living on a Bitcoin standard means spending sats, so they're not exactly forever and their purchasing power does matter.
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I think the good thing about SN is that I replace sats faster than I spend them haha. But it takes discipline to comment here every day
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Let me example it this way. There’s this thing called the internet. You can send r-mail. What’s with the www. And what about that @ sign. We are SO early!
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I only zapped this because you are right. Try to do better next time.
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hell yea lfgooo up only
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This one won the meme monday
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