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57 sats \ 0 replies \ @jerrybature 19 May \ parent \ on: NVK hates on stacker.news as a walled garden (48:48) meta
I love SN more than I do Nostr. Stackernews gives me more information and education than Nostr. In other, I am more empowered by/on SN than Nostr. To be honest, I feel there are more self-sovereign individuals focusing their attention and time on SN than Nostr. The sense of community on SN is far better for me. And the incentives too. God bless SN!
Oboy! Anita sincerely speaking you are amzing. You've understood our problems far more than we the Native Africans do. Thanks
(b) Bitcoin has a very bad reputation, that is a real obstacle. People often don't have the means (time and money) to educate themselves, they think they can make money quick or they wait for their government to "legalize" bitcoin. Also there is a lot of anxiousness around bitcoin - it's new, you can't touch it, the volatility... that's why 90% of crypto users use USDT
Yes, yes, I can relate with this because I'm from Nigeria. This point b is really the blockhead.
Investment mindset works well with fiat but not bitcoin.
Holding bitcoin in cold storage gives zero adrenalin rush.
bitcoin is anti-stress.
people who still live by fiat will die by fiat, because they have been retarded by it, and the retardation is accelerating
I completely agree.
And to me, bitcoin is not really an investment tool, its simply a "what-you-put-in-is-what-you-get-out" system. It protects your wealth.
That is why bitcoiners are suppose to be adversarial in their thinking. Your number one enemy is the government.
People want to borrow fiat to benefit from the Cantillon effect. .... It's a very profitable trade that those who benefit from it want to keep in perpetuity.
The poor wants to climb the ladder of fiat to get to benefit from the Cantillon effect, while the rich, who already benefited from the Cantillon effect wants to keep the system rolling. So, indeed it's going to be very difficult for bitcoin to replace fiat. But, for me as bitcoiner I strongly believe that it is this behavior by the "Fiatelos" that could eventually lead to the complete break down of the fiat system.
In the age of bitcoin, self-sovereignty is the norm. It's sad most people will have to learn the hard way.
Whether people like it or not they must be force to hold their own keys. As the world converges on bitcoin, hackers will descend on exchanges like bee swamps.
Who owns Bitcoin Core? Is Bitcoin core a consensus client? Who writes the rules of development? How long did it take for node runners to discover that their filters are useless?
So, politicians have 4 years, at most, 8 years to be in office. It's all about personal interest, that which will give him/her more votes. With more votes, comes more fiat money. Polit-shitcoins are the trojan horse.
Covid was battle of the mind. When your mind is conquered then you're going no where. Think about the whole world going through this battle at almost the same time. Many are yet to recover.