390 sats \ 11 replies \ @nerd2ninja 11 Jul 2022 \ on: I am moving over from Twitter bitcoin
Hello, I am a Bitcoin maxi and I put my sats where my mouth is. Bitcoin maximalism is a method of consumer protection. My story as a maximalist, is that I used to shitcoin back in 2016. During the 2018 bear market, I lost so much money in everything that wasn't Bitcoin. I became burnt out over jumping from coin to coin and seeing no interest in coins that I thought had ecoonomic value from the market.
I discourage the people around me from following in my footsteps because I know these distractions will burn them and blind them to the benefits of Bitcoin as a result and I don't want to see the people around me get scammed in a bitconnect/celcius style scam, nor premine dump, nor pump and dump, nor hype induced meme coin that dies in a month, etc etc.
There is nothing inherently wrong with being a maxi. The hostility is what wears people down. Once the hive turns on you, its over. That isn't helping anyone. Call out the scams and offer your guidance, we absolutely need that.
Just sick and tired of the purity tests.
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I think the community at large has felt that hostility was needed to distance Bitcoin from other stuff. Scams and other things, have used Bitcoin as a recuting mechanism and when people get burned from a scam, they tend to blame Bitcoin for it because they don't really understand the difference.
But at least here, where there's no one to really make a show distancing to, no one to protect and quite frankly no straight out scams to call out lol, I don't mind writing in long form to explain my thoughts. Especially since here there is no character limit.
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There are cases where hostility is warranted, but it should not be the default. Bitcoin is growing, and if that is the ultimate goal, it's important to not needlessly drive people away through flagrant hostility.
I'll get hostile when they start infringing on the right to self-custody, coin join or many other hard line issues. However, I don't really find shouting down people like Nic Carter to be in any way useful.
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I don't know, Nic Carter may very well need to be outcasted. Bitcoiners don't like being associated with the bad names other projects bring. I think Nic Carter developed such strong cases for Bitcoin to do the very thing Bitcoiners want to stop. I think Nic Carter may very well have used Bitcoin as a recruiting mechanism for these other projects his company is invested in.
The reason other projects use Bitcoin as a recruiting mechanism is because of the common perception that someone who is interested in Bitcoin must be new and doesn't know about all the other stuff and hasn't gotten the scars from all the other stuff.
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The only character limit here is the limit of your character. ;)
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💯
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To clarify: I am myself a bitcoin maxi. I am currently only invested in Bitcoin. It is the hostility part of maximalism that I believe turns people off and is counterproductive to increased bitcoin adoption.
There are some interesting things going on outside of Bitcoin, it is not all scams.
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I think the hostility only turns off people who are invested in other projects. The hostility like I tried to explain before is not so much about changing the mind of the person in question, but rather is much more about signaling to people who might be getting hyped up to think twice.
I've mentioned how shitcoins use Bitcoin as a recruiting mechanism. Maybe it will help to put it in this way.
Lets say you hosted a book club and you would like to discuss the literary analysis of "The Mocking Bird". Now lets say you get a bunch of people who start advertising their sonic fanfiction at this book club or other self written literary works. It would be rude and extremely annoying and therefore unwelcome in a situation like this.
On the other hand, maybe seeking out a sonic fanfic club and stomping on their parade would be a little obnoxious. But the point is that a line in the sand needs to be created. Talking about Bitcoin, does not imply any other coin is welcome for discussion. That's generally speaking of course. I don't think stacker news seems to have this policy, but I think Bitcoin maxis are looking for ways to create barrier zones such as this and it just happens that twitter is a very public place where public perception has to be maintained.
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Normies don’t have their money invested in other projects. They have it invested in other assets. Calling all other assets scams, and being very culty doesn’t help recruit more people to bitcoin imo.
We all want sound money, and have come to the conclusion that bitcoin is the best form of sound money. That’s what we should be focussing on as bitcoiners. Nothing else
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What other assets? Are you under the impression that Bitcoin maximalists are calling housing a scam? Okay maybe a little bit, it is propped up by debt, but if you can get in at the tail end of a debt callapse its not so bad. Are we calling stocks scams? Well there are a lot of zombie companies that are propped up entirely by government subsidies and companies that are not profitable but are propped up by investor speculation (Amazon), but overall a basic S&P 500 stock portfolio over a 10 year period tends to beat inflation at the very least.
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yeah i'm glad I got in before I recognized some of the cult behavior. It's really off-putting to normies.
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