0 sats \ 0 replies \ @Bell_curve 21 Jun \ on: Doom is not a strategy bitcoin
Bitcoin doesn't need to rely on doomsday scenarios to succeed. The cryptocurrency has inherent merits that make it valuable without requiring the collapse of Western civilization[1].
Some key points:
  1. Bitcoin is already a fairer financial system, with features like a fixed supply cap and peer-to-peer transactions working effectively now.
  2. Focusing on apocalyptic narratives is counterproductive and may actually hinder adoption. Critical thinking is more important than fearmongering.
  3. Attaching Bitcoin to weak doomsday arguments is embarrassing and distracts from its positive potential.
  4. There are many reasons to use Bitcoin that don't depend on economic catastrophe, such as its decentralized nature and self-custody options.
  5. The Bitcoin ecosystem in 2024 has become overly reliant on pessimistic "doomer" narratives at the expense of highlighting Bitcoin's actual technological innovations.
The author argues that Bitcoin advocates should focus more on the cryptocurrency's inherent strengths and ongoing development (like ecash and BitVM) rather than apocalyptic scenarios. Ultimately, Bitcoin's success will come from its own merits, not from the failure of other systems[1].
Sources [1] Doom is not a strategy https://www.jtwoodhouse.com/doom-is-not-a-strategy/ [2] Bitcoin is America: Why mind control won't stop the revolution https://www.jtwoodhouse.com/bitcoin-is-america-mind-control-wont-stop-the-revolution/ [3] stacker news https://stacker.news [4] Bad Emacs defaults - Hacker News https://news.ycombinator.com/item?id=37843908 [5] Bitcoin - The Currency of the Internet - Reddit https://www.reddit.com/r/Bitcoin/hot/ [6] Doom is not a strategy \ stacker news ~bitcoin #580394
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