Resist the black pill. If the evolution of the "bitcoin community" bothers you, I'm with you. It's very likely that you need to shift your expectations but not your principles.
Lately, I've been hearing many bitcoiners and non-bitcoiners point out how the bitcoin world is embracing the suits—the politicians and traditional finance. This is on full display at Bitcoin 2025. I haven't watched the conference, but I have seen a few clips that seem to trigger people, and I get it. Believe me, I do. Please read this as kind advice for your own good.
We have many memes in the bitcoin space.
- Bitcoin Fixes This
- Not Your Keys Not Your Coins
- Never Sell Your Bitcoin
- HODL
There are many more. Memes are meant to compress a large amount of info into a small package. They work very well. But just because people repeat memes doesn't mean they understand the meaning and dense knowledge that caused them to develop. I think many bitcoiners, disappointed in the status quo, have miscalculated their fellow bitcoiners. After all, it is easy to repeat memes and seem like you are in the club. Many are not. Many do not share our values.
The Inevitability of Where We Are
I've been aware of bitcoin for a long time now. I didn't get it for many years. I didn't realize where it was coming from. As I started to understand how it was a technical application for many economic and technological things I already believed in, it started to come together. By this point in my life, though, I had already realized that most people are just going with the flow. They don't think deeply about the issues I care about. They are too practical. It took some time for me to realize that this doesn't make me superior to them, just different. I began to realize that these people matter, but it is a waste of time to try to convince them intellectually. Practical solutions are the only way. You see, most people do not even understand or care about how the current system works. They just want what they want for their families. Many are very good at it. They play the game. They don't wonder why the game was made or who made it. There are also many people that understand the issues with the system but simply want to use them to enrich themselves. They see what we see but don't care to change it as long as they can profit from it.
As bitcoin becomes more commonly used/bought/traded, it will move into these camps. The number of people that are hard-core bitcoiners is small. Very small. It's not going to become a significant portion of the population. Just as those that get economics aren't, nor are those that understand technology on a deep level. Don't get me wrong. It will grow, but it's never going to be the majority.
So with all this in mind, it is inevitable that a scarce money/asset would attract people that simply want to use it to make themselves wealthy. It's inevitable that bitcoin will become integrated into the financial system. The state will not be able to kill it, so it tries to use it. Is this good? Well, I don't think it is, but that doesn't really matter now, does it? Bitcoin doesn't care about what I think. Just as gold doesn't care how murderous and evil the man is that holds it.
Bitcoin Doesn't Fix This... Not Yet At Least
I'm beginning to think that many that are decrying the current state of bitcoin actually believed that "bitcoin fixes this." I mean, they believed it might do it overnight. I am having a hard time not thinking that many people actually think that when someone buys bitcoin, they have some sort of "born-again" experience. That's nonsense, and I doubt anyone would say this, but I think many might have believed it. Bitcoin, once it replaces the fiat system and revolutionizes banking, will fix many problems we see. The thing is, before fiat money printing, we still had many problems. The incentives that fiat money printing creates are not all the problems that exist. It just amplifies them. Bitcoin doesn't magically make people hate taxes and the state. We've had many years to win over those people to bitcoin, and frankly, we have a long way to go to even get those people. Maybe we should adjust our time preference.
The Vanguard
So what's my point? If you are triggered by all this bitcoin conference nonsense, all this statist boot-licking, I'm with you. It's pathetic. Bitcoin was started by cypherpunks. By people that opposed the state. But they aren't here now. You are. Also, while I'm on this point, I think we overstate the early bitcoiners. I think plenty of them thought bitcoin, if it succeeded, would become very valuable. It's baked into the design. Don't kid yourself. Fiat has no bottom, and bitcoin has no top. But it was more than that. So bitcoin needs to be sovereign and censorship-resistant. If you care about these things, live it. Run a node. Run a lightning node. Use open-source software stacks. Dump your MacBook Pro and use Linux. Support devs. Be an uncle Jim to your friends and family. Do the work. We are the vanguard, and we should be principled. That doesn't mean a vow of poverty, but it does mean spending bitcoin. You can spend and replace. There always needs to be people that push back on the normies. It's better to do this with actions over words.
Keep holding onto your values. Live them out. Values are literally what you value. And if you aren't doing things that align with your values, they really aren't your values. You are larping. Just don't lie to yourself most of all. Lies are like poison. Sometimes you have to be honest with where you are in the moment. Take stock and adjust your frame. What do you really value, and are you living it? If not, why not. Maybe you are lying to yourself. Maybe you just aren't aware. Take stock and adjust.