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I was mulling over a Mandibles scenario where the dollar experiences Weimar levels of inflation — becoming completely worthless.
What is our obligation to the 98% nocoiners? Easy enough to say GFY or HFSP but the reality is most if not all of us have family and friends who will be completely left behind/devastated in this scenario.
So my question is, what is our moral duty or obligation to those who don’t adopt Bitcoin before the dollar becomes worthless?
As someone with an admittedly Smaug-like mentality of never having enough Bitcoin, it pains me to imagine sacrificing hard earned satoshis to bail sheeple out. Yet, when push comes to shove, I couldn’t stand idly by and do nothing for my loved ones and friends.
What that looks like, I have no idea…
So what would you do?
All answers welcome. Simply interested in other’s thoughts on this
46 sats \ 0 replies \ @000w2 5 Jan
I would help out good friends and immediate family. Outside of that, I'm happy to trade sats in mutually beneficial exchange.
Hyperinflation does not mean goods and services cease to exist, just that they are not sold for the bad money.
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I'm doing the best thing I can do. Im educating myself, and putting things in terms that my family members can understand.
I consider most of my family to be reasonable people, so the best thing I can do is counter their misconceptions with facts.
I don't know if I consider it to be my moral duty, as it comes from a place of compassion. I genuinely want these people to succeed.
Currently, my dad is actively buying bitcoin (he leaves it on and exchange 🤮) . My mom has bought a small amount to hold (.016btc), and my brother is starting to come around to the idea.
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92 sats \ 1 reply \ @Car 5 Jan
So my question is, what is our moral duty or obligation to those who don’t adopt Bitcoin before the dollar becomes worthless?
It’s up to you the individual.
I’ve personally given 4 years to my local community as well as many others in Austin, I still continue to.
I had this same conversation with @Ge from San Antonio and he agreed. If you haven’t gotten the message from all the work everyone has been putting in, there is nothing else we can do for them.
Also Mandibles is too bearish on Bitcoin. In the future people will just simply ask you to pay them in bitcoin instead. No one will want dollars not even governments.
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110 sats \ 0 replies \ @Ge 6 Jan
Can't save everyone like spiderman...as much as you would like. Thinking about bitcoin it's alot of saving ones self from themselves do we want to be saved? do we want to be free to choose how to spend our time instead of working for a melting currency used to a typical 4 or 5 day work week....some love it and are ok with it and to me thats fine...as long as people are happy with their current situation there's not much you can do there will come a time when they are ready and thats when your there having been there building this whole time :) Keep being the light in your community
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People that don't have any assets will continue to have no assets, nothing changes, except they'll be more upward mobile without the Cantillon effect on a Bitcoin standard... They'll also have their debt deflated away, which is positive.
Nocoiners with good assets lose some of the monetary premium vs Bitcoiners in those assets, but income from those assets will rise with fiat debasement and provide sats-flow.
It's the zombie assets that evaporate along with the zombie institutions that own them.
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55 sats \ 1 reply \ @flat24 5 Jan
This is certainly an important question. I often think about this, and I have discussed it with my wife on a couple of occasions.
When I discovered this about Bitcoin and cryptocurrencies in 2022. My intention was to talk to every person who passed by me. I had my bad decisions (I was a shitcoiner like many here) then I assumed my mistakes and my losses like a man and focused only on studying what seemed really valuable to me. Bitcoin I still kept trying to warn others, but now with less intensity. And as I learned more about bitcoin, the more I distanced myself from others, I reached a point where I thought that no one who lives in my environment deserves me to waste my time talking to them about how good bitcoin can be for their existence.
I seem selfish and I admit it. But if you come to live for a month in these places in South America you understand my point.
But then there is the family. And it's not for nothing. But if I've learned anything in recent years, it's that nothing is more important than family. And they are something we must save, maybe not all of them, but those closest to us.
I feel obliged. At least with my mother, my uncles, some nephews, my daughters. And then there's my wife's family, her father and mother, her sisters. I feel that I have and we have a moral obligation to these people 👥 to teach them, but not to carry them all.
"It will always be better to teach how to fish 🎣 than to give the fish 🐟 ready to eat"
Because seen from another perspective they will be a burden in the future, if they don't stack up, the FIAT system will devour them and we will have to rescue them with my precious SATS. So why get to that point? When they are of productive age and can start building their stack, and learning about the lie of the system in which we live and the truth that Bitcoin brings, absolute and tangible truth. Not illusory like religious salvations (the church for example).
"Live your whole life for me and for me. And when you die you will be at peace in a tale that we have been passing on from generation to generation."
With Bitcoin salvation is real. With Bitcoin it is different.
"Live for me and for me (Bitcoin) and you will see how your stay on the planet will improve and you will be able to store your energy and climb in the conquest of your objectives"
Nothing more real than that.
In conclusion. We must wake up the family, under all odds and fight to the end. Fight to get them out of the illusion of the fiduciary system.
Just like in a war, we must prepare our minds for some possible casualties, hopefully not, but those who do not want to board the train, after many efforts to get them on, will have to stay behind.
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Well said. I appreciate your thoughtful response. Very wise @flat24
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Teach them while you still can. The best way to help is to spread knowledge now, not sats later. Once the dollar collapses, those who understand Bitcoin will thrive, while those who ignored it will face harsh lessons. Share resources, host meetups, and guide them—because saving them later might cost more than just sats; it might cost Bitcoiners their future too.
FUCK SHITCOINS
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This is probably the best preemptive measure. I must admit, I’ve grown tired of trying to teach people. Been trying to for years only for it to fall on deaf ears. Any further discussion with these people only seems to drive a wedge. 😕
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I think that if shit really went full Mandibles/Weimar , most people , young people especially, would start going hard socialist, communist and there would be a strong desire to have a redistribution of bitcoin holders' wealth 'because it's not fair we got in early'.
the ECB published a paper titled "The Distributional Consequences of Bitcoin," where they were crying that early Bitcoin investors have profited at the expense of noobs. so it wouldn't surprise me.
presuming the gov starts using something like a bitcoin standard instead of something else like bancors, then I don't feel any obligation to any no-coiner. I would help my family and immediate friends, but after so long of seeing smug, snide no-coiners and MSM talk shit about btc having absolutely no clue what they're on about, i have lost any sympathy (this doesn't apply to genuine people who are curious).
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If you have to convince someone to take the medicine because they're sick, then they clearly don't think they're sick or that the problem is that bad, no coiners are equalliy if not more smug, thinking they know better by default, discounting all the work a Bitcoiner had to do to figure it all out.
There's more content than ever on Bitcoin, more places to buy it than ever, less risk than ever to get on board, people don't miss the bus, they actively choose to ignore the bus
Every single day people wake up and make economic decisions and the market gives them feedback, it's up to them to figure out what to do with that feedback
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Just like you teach fishing to a hungry son/daughter. They will learn vs. going hungry.
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what wud u do if u lost all bitcoin today? u wud start stacking, while staying humble. u wud live in a pod and work whatever job u cud find. u wud fast until u get a decent piece of meat and some potatoes, because ur brain has to operate at high capacity.
this is what the smart no-coiners will have to do - stay humble and start stacking. ur job will be bitcoin & life education, as well as keeping the new-coiners/no-coiners from panicking. if they do start panicking - stay away from them until they stop panicking.
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This is a tough one. I already have a close relative who...let's just say he makes really bad decisions. I mean really bad decisions, like getting an RV to live in, deciding to gut it to put in eco-friendly, "sustainable" versions of everything...and then not having the money to buy those things.
Or...renting a bulldozer with a FEMA grant (hurricane money), to make fish ponds (because every "homestead" needs a fish pond). And then one of the cars slides into one of these fishponds. Of course he always needs money. At least he's not on drugs.
I did go in on a purchase with some other relatives, and we bought him a used car. Because despite all the cars around, none of them actually ran.
We're still so insanely early on bitcoin. So I really don't blame people for not being curious about bitcoin, not going down the rabbit hole like we have.
Honestly, they're probably a lot more "normal" than we are.
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I will offer well-paying jobs in my Bitcoin enterprises. Those willing to work will be handsomely rewarded.
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People adopt bitcoin when they need it, not before. Bitcoin is a hard sell now because things are only slowly breaking down. Yes, people will be left behind but thats just whats going to happen - they can trade labor for sats.
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What is our obligation to the 98% nocoiners?
Your obligation is that there aren't 98% without Bitcoin. That's the obligation. Orangepill people fast before it is too late.
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