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From your perspective is it the etfs, the US DOJ attack on self custody, or something else?
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.
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
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.
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.
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
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?
I meant that bitcoin as a movement and the "bitcoin industry" are distinct things and their interests are not necessarily aligned.
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
Tony is leaving the "bitcoin industry" and go back to his pre bitcoin life?
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
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?
That happens whenever someone does anything too long without a break.
He wrote he was burnt out
Exactly.
Nothing quiet about Tony or the bitcoin community
Remove the ear plugs, concert is over
@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