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0 sats \ 4 replies \ @kepford 29 May \ on: Coffeezilla critiques Bitcoin 2025 conference bitcoin
@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.
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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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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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.