#Bitcoin “If you’ve got one - maybe keep it.” An epic Reddit post. It reminds me of the, “I am pretty confident we are the new wealthy elite, gentlemen” Bitcoin post.
Influencers when I first got into bitcoin: “Not your keys, not your coins. Back up your seed on a steel plate and distribute it varying geographical locations.”
Influencers today: “I am proud to announce my position at this random Bitcoin treasury company that trades at an mNAV of 3.69x its bitcoin value. Here is why paying nearly 4 times the price for paper Bitcoin will outperform holding your own keys.”
A contentious update pushed into Bitcoin core and scammers rejoice… what is going on? Is this what an attack on Bitcoin looks like, a series of small updates that eventually make running a node infeasible for the average person?
There are a lot of people saying a lot of things in the bitcoin space right now… I’m just going to stay humble and stack says while I wait out all the commotion.
When transaction fees are high: “we need to change Bitcoin or else no one can transact!”
When transaction fees are low: “we need to change Bitcoin or else the miners won’t make enough money!”
ENOUGH. It’s all so tiresome. The cost to mine bitcoin is negative, low fees are good. Extrapolate the data folks, bitcoin is doing just fine.
I would like to personally thank the toxic bitcoin maximalists. You have altered my life in a way that only a fellow bitcoiner can understand. Thriving and inspired for the future; full of hope.