21 sats \ 9 replies \ @TomK OP 10 Mar \ parent \ on: Fuel for the Bull Run econ
And Putin....
But I think it's a mixture of stupidity and ignorance. And the unchallanged believe in the omnipotent state.
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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