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54 sats \ 48 replies \ @Undisciplined 19 Dec 2024 \ on: Barber Shop Bitcoin Babble bitcoin
Most people won't be here for the revolution. That's fine. Bitcoin is for them, too.
what do you mean?
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I mean that bitcoin does many valuable things.
Some people will primarily value it as a great savings technology (even if they're thinking of it as a speculative vehicle), while some of us are here for the revolutionary effect it's going to have on the world.
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OK.
This remind me of why I wrote this guide... about 5 stages.
https://darth-coin.github.io/beginner/5-stages-became-bitcoiner-en.html
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I think many people will be perfectly happy staying on step one, but, as you note, that's the hardest step.
Most people aren't passionate about their principles. They just want to keep what they've earned.
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You could also say the fear motivates a lot of people to try to keep what they have and not lose it. However, they don’t fear enough, IMHO. It is the platforms, exchanges and FTXs of the world that are ripping them new ones. If they held it themselves they would do better with less fear, I think.
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They just want to keep what they've earned.
What they really earned if their mind is only fixated on fiat gains?
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Fair enough. I think of it as keeping what they've earned, because I think of bitcoin as money. They are probably thinking of it as a speculative investment, though, and therefore seeking gains.
self custody
run a node
use lightning and liquid
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I suspect the first two will always be unusual, but most people will use L2's for daily transactions.
I think we went through this a week or so ago, BTC has both SOV and MOE properties. It is useful in many ways besides making a profit, in terms of fiat.
I notice that it is also a great ego booster for those that had the foresight to get in early.
I notice that it is also a great ego booster for those that had the foresight to get in early.
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It's hard to put a price on the smug sense of self satisfaction.
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Yes, I guess it is priceless! Just wish I had that feeling.
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one million dollars!
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Hardly
Early is relative, no?
Many folks here are 'early' and and are 'in profit' - 'deep in the green' as the traders say.
The problem of course is... what do you trade out to? Paper money? Why?
That would be nuts.
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Commodity traders usually say, “Deep in the money.” Not green.
You trade out to goods and services by using BTC as MoE.
Early is before most people get in, because most people will get in eventually.
You trade for goods and services that you use. That's the entire point of money.
By that time, BTC will be for everybody not willing to be skinned alive.
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