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11 sats \ 24 replies \ @028559d218 21 Dec \ parent \ on: Doomerism and Negativity bitcoin
There are some folks in the 'dev community' who are quite negative.
There is/was also some negativity due the ordinals and NFT spam finding its way to the Bitcoin blockchain... NFTs are a 'crypto' thing and it surprised many that altcoiners actually wanted to pay (large) BTC fees to post monkey jpegs everywhere.
Having said that... there has also been some negativity about miner centralization, template centralization, and the fragility of US-based mining pools being pressured by governments.
There are also criticisms about privacy... since Wasabi and Whirlpool went offline (although alternatives are available for sure). KYC/AML is everywhere and it doesn't prevent crime... but it does harm privacy for MoE.
Then there are the Bitcoiners... who believe that unless hundreds of millions of people (who still have never heard of Bitcoin) can immediately and quickly open Lightning channels... that Lightning is a failed project. In other words... if lightning can't scale to hundreds of millions today right now then it is failed (which is of course silly).
Then you have the criticisms about the ETF-ization of Bitcoin... people need to hold their own keys, not buy ETFs if possible. Holding keys is the real deal... ETFs aren't really Bitcoin they are 'scarcity-exposure' without being able to send and receive.
Then on top of that... you have "traditional publications" like the financial times and bloomberg and so on and they don't get Bitcoin at all.
"What is the point of Monkey Pictures" they ask?
plus MSTR and Saylor
too many bitcoiners view them as the enemy
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I have a different, non-traditional view of saylor.
If you (the collective you) listened to saylor for hours and hours during the last bear market...
The guy is a complete maximalist and he knows what Bitcoin is - better money.
But he has to be very careful about what he says.
Watch what he does not what he says. He has bought mega-amounts of Bitcoin personally, himself. And has staked his entire company's future on it too.
There is an old clip from a few years ago... where he talks about Bitcoiners having 'boating accidents' regularly but he doesn't say stuff like that any more even though he is the same person
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No, he is not a maximalist. He's a propaganda machine used by the masters behind him.
If you still don't make that difference, it means you so easy to be manipulated.
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How much Bitcoin has he bought?
A lot.
How much/how many ****coins?
Zero
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He bought IOUs not bitcoin.
Please understand FFS and once and for all: Saylor is a trap for Bitcoin.
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This is the real Saylor:
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good comment
I forgot to disclose I own shares of MSTR in my Roth IRA
I even convinced my cousin to buy btc and MSTR
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I went all-in last summer with my 401k to MSTR (at least as much as it would let me allocate) and it's been great.
Having said that I buy the real thing given the choice.
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summer of 23 or 24?
either way, nice job
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- thanks
After the ETFs came out... I sold some shares to put into the etf to reduce 'key-man' risk.
Whether that was a good idea or not I'm not sure I guess I'll know eventually
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summer of 2023 means your MSTR holdings are up 500%
great timing!
luck + skill
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Not skill. Just curiosity (staying up all night listening to btc podcasts and interviews)
LOL have fun being Saylor bitch
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For your information (because obviously you don't know...)
There is no way to purchase real Bitcoin in a 401k. It's impossible.
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This is correct
I am 95 percent sure Darth has muted me for supporting liquid
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Well liquid or no liquid...
Employer-based 401Ks are not optional at least in my country. They are 'assigned' to all workers. And in them there is simply no way to buy 'spot' Bitcoin in self-custody. Maybe one day, but there isn't right now.
As far as 'real Bitcoin'... if I didn't own some of that I wouldn't be on SN
Why the fuck you need a 401k? Just buy directly BTC. Done.
Or you are just a pussy, not having balls to go all in into Bitcoin. And that means fiat mindset. A true bitcoiner will always go all in.
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Darth your guides are awesome. They are super informative.
But sometimes you lack... tact. And subtlety.
And cannot read between the lines
We can’t change the past.
401k preceded the genesis block.
The tax penalties are significant. It’s easier to buy MSTR in a 401k or Roth IRA