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A brief attempt to orange pill Dave Ramseytwitter.com/joenakamoto/status/1789985158201799061
656 sats \ 18 comments \ @frostdragon 14 May bitcoin
Fascinating to watch this guy continue to double down and insist he doesn't need to learn anything about bitcoin. The complete lack of openness and humility is astounding, but I hope more people keep hammering away at it with Dave. The moment he flips, so many people are going to be better off for it. Unfortunately it's looking like he's going to be one of the last to adopt.
Full video here: https://www.youtube.com/watch?v=fY8nOAxOF54
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10 sats \ 0 replies \ @jgbtc 15 May
The only way he gets orange pilled is when he starts losing viewers en masse. When everyone starts ignoring him and starts watching bitcoin-friendly financial gurus instead, he will change his tune instantly.
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10 sats \ 0 replies \ @DiedOnTitan 15 May
Dave is wrong. An ounce of gold in 1924 was $20.84 and today it is $2,370. That is 8.7% average return over a century. All of his fiat denominated assets, and those of his followers, will have their day of reckoning. Fiat is speculation.
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75 sats \ 2 replies \ @TNStacker 14 May
Leave him alone. He will get $BTC at the price he deserves
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21 sats \ 1 reply \ @0xIlmari 15 May
Yea, screw him, but thousands of people listen to him and make financial decisions based on his advice.
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10 sats \ 0 replies \ @TNStacker 15 May
We all get Bitcoin at the price we deserve.
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50 sats \ 0 replies \ @Coinsreporter 14 May
It's like watching East meets West. Funny!
Noone can orange pill this man for sure!
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77 sats \ 3 replies \ @TheBTCManual 14 May
lol so the dude that shilled all his followers into blockfi and FTX wants to tell a guy who shills all his followers into ETFs, bonds and late stage real estate ponzis about Bitcoin, oh the blind leading the blind for clicks
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0 sats \ 2 replies \ @kepford 14 May
Never heard of this guy. Not surprising that he said bitcoin isn't a currency. Not surprising he made no mention of the developing world and effects of fiat currency debasement. No mention of censorship resistance and bitcoin use against repressive governments.
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76 sats \ 1 reply \ @TheBTCManual 14 May
He is part of this millennial money crew of clueless fin-fluencers who jump on every hype train of the day, make all their money from YouTube adsense and sponsorship shilling and probably just pays someone to write scripts for them to read, because all their content is just as empty as the ad reads inbetween
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0 sats \ 0 replies \ @kepford 14 May
This explains why I have never heard of him.
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55 sats \ 1 reply \ @gnilma 14 May
"Have you read the white paper? Or understood how it works?"
"Sure."
Then goes on to show that he has no technical understanding at all of how bitcoin works.
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21 sats \ 0 replies \ @kepford 14 May
My thoughts exactly
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10 sats \ 0 replies \ @grayruby 14 May
Dave thinks he is "investing" for the long term by holding a portfolio of fiat printer proxies but people saving in Bitcoin are speculating. Dave is going to get a rude awaking one day.
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22 sats \ 0 replies \ @kepford 14 May
Its wild. Truly wild. He's clearly not understanding bitcoin on a technical level. I may be missing something but he's off on gold with 100 years 2%.
No mention of proof of work, game theory, digital scarcity, double spend problem, or censorship resistance. Dave's whole deal seems to be he doesn't understand bitcoin. He's interpreting bitcoin based on the NGU crypto bros, and ignoring what die hard bitcoiners value.
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0 sats \ 0 replies \ @SatsMate 15 May
He will get to it around a million+ and when vendors all around him are accepting it
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0 sats \ 1 reply \ @_stacktoshi 14 May
Paying off a mortgage with a fixed rate lower than inflation makes almost zero sense. Especially when tons of investors are using housing appreciation to combat inflation, so your net worth is in pretty decent shape if your largest asset is appreciating in real terms and your debt is falling in both real (negative rate) and in nominal terms (principal). Of course, most Ramsey listeners aren't in homes appreciating that much and they probably don't have mortgages lower than 3.5%.
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0 sats \ 0 replies \ @pj 14 May
I think that's the key component... His audience. He highlighted that he's worried about the people who have high debt and wants them to focus on getting out of it. That's his brand and he can't deviate from that. Regardless if bitcoin could help him and his audience, he literally blows his entire narrative/brand if he capitulates. His recipe was created pre-bitcoin. And it's not a terrible recipe. It's also never going to change. At best, he'll create a new recipe for everyone who has completed the baby steps.
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0 sats \ 0 replies \ @TheWildHustle 14 May
Orange pilling Dave Ramsey is like trying to orange pill a brick wall.
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