pull down to refresh

That it is no different than any of the other million cryptos.
IMO this misunderstanding/criticism of Bitcoin has done more to hurt adoption than any other and is why I am highly critical of the "crypto" complex.
83 sats \ 2 replies \ @nichro 11h
Agree with this. Big barrier in orange pilling or just learning more about bitcoin in general. A lot of people think they are "getting into bitcoin" and "learning about bitcoin" but they are really getting into and learning about crypto at large.
I've seen many get burned and give up ostensibly forever.
Many others don't get burned but get lost in the weeds of crypto/alts too long, and it takes much longer (if ever) before even touching on the important concepts in the periphery of bitcoin, like austrian economics, the nature of inflation and fiat money and their implications. What feels like progress learning about crypto ends up being just a detour that leads to fiat games reinvented. At that point they gotta walk back downhill before climbing the hill towards the right direction again. Some unlearning and relearning to do.
Actual convo I had recently after crypto came up and I said I liked bitcoin, included bits that went something like:
"Oh I tried the whole bitcoin crypto thing a few years ago, trading and staking, yield farms, and auto market makers, all that stuff"
reply
66 sats \ 1 reply \ @028559d218 9h
but they are really getting into and learning about crypto at large
When someone 'learns' about crypto... what the hell are they learning?
reply
61 sats \ 0 replies \ @nichro 8h
learning how to choose the right coins, how to buy, sell, trade and leverage, how to use metamask, and how to find the niche exchanges to find the newest meme coin of the month, how to find the telegram groups for pumps and dumps, how to stake and all that jazz
There's lots to learn! Just nothing about ending fiat banking or transacting as we do with money.
reply
I see it as darwinism of coins. Let it okay out and the chips fall, the strongest one (likely, Bitcoin) will emerge.
If you think it holds back Bitcoin awareness, that is an opportunity for me, as I could not be one of the early adopters, which I regret. I don't want more Bitcoin awareness among the masses before I stacked my sats.
reply
I believe this misunderstanding "crypto is same as Bitcoin" is breaking down and will be junk very soon.
I've and many others have seen an era when MLM scams were at their prime in India. But scams as they were, they all died. Yes, still there are a few who keep popping up, but people now know and don't fall for them as easily as they used to.
I think the same is going to happen with the crypto complex.
reply