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35 sats \ 0 replies \ @028559d218 21h \ on: Market Prices Are Truth: What is BTC/USD Telling Us? bitcoin
We need to 'redo it' because of the lack of education.
The overwhelming majority of 'crypto' critics are critics of 'crypto'... NOT of Bitcoin.
And their criticisms... that 'noone uses it' or it's all 'scams' like the trump coin or the blowjob coin (hawk tua) aren't inaccurate... in fact we all basically agree that 'crypto' is a scam too.
What the authors of articles and opinion pieces critiquing 'crypto' haven't done is:
Roll a seed phrase or have one generated
open a lightning channel
spend Bitcoin via Lightning quickly or cheaply
on forums or on goods to improve the 'customer service' experience
or anything else actually related to Bitcoin.
'Crypto' critics (who write magazine articles or write for newspapers) don't know what a 'seed phrase' is, they have never heard of Lightning before, they don't know what a UTXO is, they know nothing (or nothing meaningful) about Bitcoin mining...
They don't know what a Bitcoin node is, what hashrate is, a block explorer absolutely nothing... all they see is $Trump coin used to "get rich quick" and their reaction is...
Crypto (and Bitcoin by extension) is a scam. And because it's a scam who would want it?
So no-one wants to buy it, it's all "greater fool" and it 'goes to zero' because 'crypto' like the scams on Youtube, Twitter, or Social Media are completely worthless.
THIS is what the world knows to be true... because this is what many journalists, who don't know what a Bitcoin node is, write about Crypto.
And the president releases his Memecoin to make insiders hundreds of millions so... that's where the focus is. So why should people 'buy crypto' (memecoins obviously) again?