Are You Feeling the Bitcoin Winter Yet?
367 sats \ 22 comments \ @tomlaies 5 Oct 2022 bitcoin
I don't mean in terms of fiat price - but in terms of enthusiasm in the community.
For me: Things like our local meetups are still going strong, SN is an active community and even growing. But I feel like everybody is more defensive and focuses about "hard money" instead of enthusiastic and how Lightning could revolutionize the economy.
Where has the enthusiasm gone? I am still on fire for how Bitcoin could change the world. Are you?
Will it only come back when fiat price is rising - that would be frustrating for the next 20 years of economic cycles.
write
preview
related posts
326 sats \ 2 replies \ @f6287b82CC84bcbd 5 Oct 2022
still enthusiastic about lightning and would love to see more merchants accepting it.
But it's literally moving mountains to get people out of the fiat mindset
reply
208 sats \ 0 replies \ @ln_cortado 5 Oct 2022 freebie
Which is one side of why the Taro development is hopeful.
I think it's going to be a bit of a stretch to move people living in first-world countries away from the fiat mindset entirely, especially enough to begin adopting niche unpolished technologies like LN.
Fiat is here to stay for a few more decades barring some really extreme hyperinflationary event.
What we have is unsustainable and awfully unfair/etc, but not unacceptable to most of the masses. I mean we did go through a bunch of other unacceptable things recently and everybody accepted them, what's a few extra percentage points of inflation compared to being locked in your home for months?
reply
207 sats \ 0 replies \ @tomlaies OP 5 Oct 2022
Funny story, I recently accidentally saw a shop in my town having a "Bitcoin accepted here" sticker. They have it since 2014!!! And I never knew although it is a small-ish town. How crazy is that?
reply
302 sats \ 5 replies \ @siggy47 5 Oct 2022
I honestly haven't noticed much difference, but my experiences are only online. My friends and family have no interest, and I stopped trying to influence them long ago.
reply
254 sats \ 3 replies \ @tomlaies OP 5 Oct 2022
Have you tried finding a Bitcoin meetup near you?
I personally put a large emphasis on making Bitcoin a real thing in reality. Even if it is just example transactions with other Bitcoin enthusiasts. I hate the idea of it being just an "investment" and an online circlejerk.
reply
1 sat \ 2 replies \ @siggy47 5 Oct 2022
I have been thinking I should try to find a meet-up. Can you recommend a good source to find one in the metro NYC area?
reply
5 sats \ 0 replies \ @Taranis 6 Oct 2022
start one: https://bitcoinnews.com/start-a-bitcoin-meetup
reply
0 sats \ 0 replies \ @tomlaies OP 6 Oct 2022
You kidding? Metro NYC they should be everywhere!
reply
41 sats \ 0 replies \ @f6287b82CC84bcbd 6 Oct 2022
I ended up creating my own experiences (opening actual brick and mortar businesses).
It's a nice experiment to see who are actually in it for the revolution and who still has a fiat mindset. Keep 100% of the coins received.
reply
555 sats \ 0 replies \ @k00b 5 Oct 2022
News certainly feels slower. Prices are downing out less of the FUD and bickering. VC twitter seems to have shifted its attention to AI.
reply
527 sats \ 1 reply \ @DarthCoin 5 Oct 2022
You are wrong. There's no "bitcoin winter"... it is when good stuff is built. It was the same in 2014-2016, in 2018-2019 too.
Is just how Bitcoin affect our life. Don't focus on "news media", "bitcoin twitter" and SN users "feelings".
Focus on new tech stuff is coming out from bitcoin and LN devs. Read their githubs, read their papers, read their discussion groups, talk with them, help them, test solutions.
THIS IS WHEN WE BUILD, when is silence. Don't ask what Bitcoin could do for you. Ask yourself what you did for Bitcoin sucess.
reply
0 sats \ 0 replies \ @tomlaies OP 5 Oct 2022
There's no "bitcoin winter".
ok
It was the same in 2014-2016, in 2018-2019 too.
So you agree? We have enthusiasm-seasons.
reply
214 sats \ 0 replies \ @ek 5 Oct 2022
But I feel like everybody is more defensive and focuses about "hard money" instead of enthusiastic and how Lightning could revolutionize the economy.
I don't know what you are talking about.
I am as eager as ever before to learn about LN. Times like these (as others already mentioned) are the best time to build stuff since now, all the shitcoiners ("get rich in fiat terms") are gone and they'll be surprised when we're back at 60k or 100k.
reply
100 sats \ 0 replies \ @rf 6 Oct 2022 freebie
The focus on hard money may have to do with the current state of fiat and the economy. Using lightning where I can. Very minimal at this point, we are still early. Change will take time, but it’s happening. Enjoy!
reply
33 sats \ 0 replies \ @8 5 Oct 2022
Winter and spring are for sewing. Summer and fall are for reaping.
reply
1 sat \ 1 reply \ @F 5 Oct 2022
Anyone who bought bitcoin in the past year or so is probably underwater in terms of dollars (monopoly money).
It's definitely a bit boring right now with the crab walk at $20k.
C'mon, Bitcoin! Give me some more -70% weeks and some +130% days.
reply
206 sats \ 0 replies \ @ln_cortado 5 Oct 2022 freebie
It's not boring if you're following how fragile the fiat system is (e.g Credit Suisse and other banks rumored to be on the brink), as well as the UK Pension System requiring a lightning bailout from the Bank of England
All of these are laying the foundations for future +130% days for BTC.
reply
0 sats \ 0 replies \ @bitcoingraffiti 5 Oct 2022
no
reply
0 sats \ 3 replies \ @faithandcredit 5 Oct 2022
bitcoin was a grassroots movements and its switching away from this since its become mainstream more or less.- so it will be interesting to see if it can survive without this grassroots movement enthusiasm
reply
134 sats \ 0 replies \ @DarthCoin 5 Oct 2022
reply
1 sat \ 0 replies \ @f6287b82CC84bcbd 5 Oct 2022
oh it will again ..
It's Bitcoin or CBDCs (total control).
reply
0 sats \ 0 replies \ @Risky 5 Oct 2022
Bitcoin IS a grassroots movement in every place that it needs to be. None of it is reported. Entire bitcoin economies are slowing growing all around the world. Africa, Philippines, South America, Mexico, Texas, other places I don’t know.
If you don’t know you don’t look. You have to look because news of these places are obviously intentionally being tucked away from surface level Internet. The grass is growing and soon we will have a network parallel to the intricacies of the Amazon rain forest!
reply