I really enjoy Coffeezilla's videos, and I know he's been instrumental in exposing a lot of crypto scams, so it was interesting to hear his thoughts on Bitcoin. I don't really know what his stance on Bitcoin is, but he seems pretty neutral. Like many of us, he was disgusted by the Bitcoin 2025 conference and the pump-my-bags to-the-moon vibe of it.
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0 sats \ 4 replies \ @kepford 23h
@SimpleStacker, thanks for posting this. I'm burned out on this take. He's not wrong but I guess I've been reading/hearing it a lot lately. Kinda done with it.
My TLDR is there are two types of bitcoiners. The vanguard that value sovereignty and those that simply want to pump their bags. I'm hoping my bags grow but that's not what gets me excited about bitcoin. The downstream effects are what get me excited. Bitcoin is not gonna make everyone a libertarian or anarchists. Or even a "conservative". As the tent grows the meaning of a "bitcoiner" really dies. Its probably already dead.
But we, those that get the why behind it all should keep using the tools, staking sats, and explaining it to those that have "ears to hear". The rest... well they have to find their own way.
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40 sats \ 3 replies \ @crenshaw 20h
I also don't know what "bitcoiner" means anymore, but the dream of non-sovereign, uncensored money is what the bag pumpers are swiftly killing. Bitcoin has made huge strides in the last couple years but not in the direction I, for one, had hoped. It's unfortunate and it seems the chances of walking some of these steps back are diminishing.
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0 sats \ 2 replies \ @kepford 20h
What changes to bitcoin have these people made? I don't see any honestly. It's in people's heads. I mean that is important but isn't really something code can influence.
I agree with you one the delusion of the term bitcoiner. But when you think it through no one was a gold bug when it was dominant. As bitcoin grows in use it will be used by people that have no interest in other than utility. As I see it that is the only way it beats fiat. On utility.
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6 sats \ 1 reply \ @crenshaw 16h
I don't think it's about the code, it's about the regulation and the ramps, which the bag pumpers have done a great job of handing over eagerly to corporations and states in the interest of quick gains. Meanwhile VC's have steadily convinced us that custodial Lightning is the best way to get people to use bitcoin as cash, when at best that arrangement is no better than using dollars. This current pattern of adoption doesn't necessarily lead to widespread adoption among a billion people. In fact, I think you could make the case this path leads to even darker places than fiat.
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0 sats \ 0 replies \ @kepford 14h
So what should be done? How do we fight this? Does bitcoin shake this off?
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0 sats \ 3 replies \ @kepford 29 May
He's hardly alone in "flagging" this. Honestly. I'm kinda tired of hearing about this.
But... he's not wrong. The point is that its bitcoiners that are doing this stuff. Not bitcoin. Its not that different from gold-bugs wanting the state to back its fiat with gold. If a president was talking about this they'd be equally as pumped about it. I know that's not what is happening with bitcoin but its similar.
The thing that annoys me about these "takes" is that they aren't new. They should not be surprising to us. Of course finance and the state would try to adopt or manipulate something they can't ban successfully. Its what they do.
Also unsurprising is that people would beg the state to pump their bags. This is what the rich do all the time. Its what people do. If this human nature kills bitcoin it was doomed from the start. It may be doomed. I don't think it is but humans are gonna be humans. Rent seekers are gonna do their thing.
You and I can keep doing our thing and be sovereign bitcoiners. Bitcoin is for enemies. I think think the "bitcoin fixes this" meme is part of the problem. Far to many people in bitcoin don't really understand the economics or game theory of bitcoin but larp as bitcoiners repeating slogans.
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0 sats \ 2 replies \ @kepford 29 May
Dude is super annoying. I'm sure he's a nice guy but the tone is just too YouTube influencer for me.
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64 sats \ 1 reply \ @SimpleStacker OP 22h
The reason I pay more attention to Coffeezilla than most other youtubers is that he's done a lot of deep dives into various scams, so he has a better nose for shady/scammy behavior than most. He goes after memecoin scams a lot, but he hasn't done anything on bitcoin afaik, so I was curious about his views on Bitcoin.
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0 sats \ 0 replies \ @kepford 22h
I feel ya
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0 sats \ 0 replies \ @BlokchainB 29 May
Yeah it’s a lot of “layer twos” like exSAT
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