reply on: Mutiny Wallet is Shutting Down \ stacker news ~bitcoin

528 sats \ 16 replies \ @anon 5 Aug \ on: Mutiny Wallet is Shutting Down bitcoin

@TonyGiorgio said the quiet part out loud - "For one, I've fallen out of love for Bitcoin and the industry."

its something i've been hearing from more and more people and feeling myself a lot. our industry has lost itself a bit and people are slowly but surely leaving it

244 sats \ 0 replies \ @leo 5 Aug

I can imagine for somebody working on Bitcoin adoption, it can be heartbreaking to be part of a community that loves to talk about, but resists adopting, Bitcoin itself.

97 sats \ 2 replies \ @DrStacker 6 Aug

That happens whenever someone does anything too long without a break.

0 sats \ 1 reply \ @Bell_curve 6 Aug

He wrote he was burnt out

21 sats \ 0 replies \ @DrStacker 6 Aug

Exactly.

97 sats \ 2 replies \ @siggy47 OP 5 Aug

From your perspective is it the etfs, the US DOJ attack on self custody, or something else?

293 sats \ 1 reply \ @anon 6 Aug

i think to a lot of us its a mix of things. disillusionment with (parts) of the community and large parts of the industry.

we got lost in the narratives, the ngu, the etfs and saving africa etc. At the same time we haven't really found much adoption outside of pumping our bags. medium of exchange has kinda lost its importance in the discussions because everyone just screams bitcoin fixes this and everything divided by 21 million.

herd mentality has become the norm while critical first principles thinking and cypherpunk ideals disappeared. far from unpredictable but still sad.

520 sats \ 0 replies \ @Bell_curve 6 Aug

My theory: Mutiny lost a lot of users after the DNS fuck up with "freedom one"

And they provided minimal tech support. A lot of new users were angry and lost faith in Mutiny and Tony

74 sats \ 6 replies \ @clr 5 Aug

Thanks for sharing. Bitcoin is not an industry. This is not the first time we see people leaving and losing faith in bitcoin and won't be the last. But somehow bitcoin refuses to die.

321 sats \ 0 replies \ @Bell_curve 6 Aug

Agree, bitcoin is not an industry

In fact Tony has critized and insulted Adam Back and Blockstream for being a 'business', for promoting an 'industry'

Tony is a hypocrite

21 sats \ 4 replies \ @ek 6 Aug

Bitcoin is not an industry.

Assuming you wanted to say "Bitcoin has no industry" since that's what the quote from Tony referred to with "industry": why not?

Certainly, there is a "bitcoin industry" just like there is a movie industry even though movies themselves are not industry, yes, no?

21 sats \ 1 reply \ @clr 6 Aug

I meant that bitcoin as a movement and the "bitcoin industry" are distinct things and their interests are not necessarily aligned.

10 sats \ 0 replies \ @Bell_curve 6 Aug

Bitcoin is not an industry per se

But all the bitcoin wallets are an industry. Self custody solutions such as Casa and Unchained. Mining pools and equipment. Open dime and titanium plates. Umbrel and start 9 nodes. Faraday bags. etc

0 sats \ 0 replies \ @Bell_curve 6 Aug

Tony is leaving the "bitcoin industry" and go back to his pre bitcoin life?

0 sats \ 0 replies \ @Bell_curve 6 Aug

Movies are definitely a cottage industry. A large production that employs many people and vendors and studios and big wigs.

The dollar or yen is not an industry but banks and brokers are an industry

150 sats \ 0 replies \ @Bell_curve 6 Aug

It's a meaningless statement.

What's he going to do next? Work on something unrelated to Bitcoin?

CEO word salad means that the investors told him we are no longer funding you. Or, we will only fund this venture if someone else is CEO.

People are leaving the industry? Where are they going? What is the greener pasture?

0 sats \ 0 replies \ @Bell_curve 6 Aug

Nothing quiet about Tony or the bitcoin community

Remove the ear plugs, concert is over