63 sats \ 15 replies \ @TomK OP 10 Mar \ parent \ on: Fuel for the Bull Run econ
and I've talked to at least 20 people about the introduction of ETFs and about possible banking crises etc etc-no one is getting the point here, it's all about climate change
People don’t care. I thought it was ignorance of complicated finance terms now I believe it is a head-in-the-sand response. They sort of know and they don’t want to be reminded of it. .
Climate catastrophe or ‘the illegal invasion of blah-blah….’ Are certainly buzz terms in the EU at the moment
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I am increasingly of the view that btc adoption in the US and Europe (not just the EU) are/need to be completely different things.
Ok, hear me out...
The belief in collective solutions, the benelovent State, the social democratic model, despite experience to the contrary, is deep rooted. (Eg the UK's NHS is falling apart but try saying so! The Euro has demolished the economies of Southern Europe, but again, try saying that and people look at you with concern).
We need a different argument over here; that focuses less on the individual, and more on the collective benefits.
Appreciate many BTC OG's in the US are probably spitting out their morning coffee at this idea. But Europe isnt the US and the same arguments simply dont work. For example, and this is off the top of my head; ...The euro, pound, kroner etc can be forged. And they are. But BTC is backed by a community running computers built on cryptography and maths. They all verify one another's transactions. This community works in everyone's joint interest. Unlike the euro, pound, kroner etc, no one has ever forged a bitcoin and got away with it ...
Appreciate many BTC OG's in the US are probably spitting out their morning coffee at this idea. But Europe isnt the US and the same arguments simply dont work. For example, and this is off the top of my head; ...The euro, pound, kroner etc can be forged. And they are. But BTC is backed by a community running computers built on cryptography and maths. They all verify one another's transactions. This community works in everyone's joint interest. Unlike the euro, pound, kroner etc, no one has ever forged a bitcoin and got away with it ...
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I have several acquaintances with very good incomes who have been hunting for interest for over a year and have locked in their money at 2% interest for a year. I had suggested that they convert 5% into Bitcoin and hold the rest in cash spread over several accounts to find a way in. but no. The smart alecks know everything better
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yes, you're absolutely right about the difference in mentality. i myself also feel almost completely alone as a libertarian. But imagine if you had to discuss integrating Bitcoin into a pension fund with these people. I can't imagine that we could build any kind of rational bridge to these people
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I feel the same way. I don't belong here.
Everyone around me is statist and buys into the MSM fud.
I spoke to a good friend the other day. She still has reservations against Bitcoin, because she thinks it will lead to increased inequality and environmental destruction.
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• it will lead to increased inequality and environmental destruction
It will… if Central Banks and Wall St get their hands and regulations on it!
We have to keep with the slow burn… Bitcoin wins eventually.
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I'm with ya on that: people simply don't care until there's another bull run and hear about that guy in the family that does own some bitcoin; he's suddenly more popular than ever in the family. I'm talking from recent experiences.
They could've been up there with me, but nooo, I don't know what I'm doing, yeah right.
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At the beginning of the last cycle, I talked my tongue to my German friends. One of them saw Bitcoin as a casino and is now complaining to me that the 500 euros he invested only yielded a 40% return. It's unbelievable, but the majority of Europeans are communists at heart. That's why they have such a problem with freedom technology like Bitcoin. They will vehemently oppose it to the last moment and defend everything their rulers tell them to do.