the incentives in the bitcoin industry are all fucked up
scammers make bank while the people that try to do the right thing get fucked continuously
maybe its unavoidable but it hurts the soul
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Replies (28)
I just wanna see more plebs not getting screwed over by the big seed companies anymore!
But better incentives than everything else as far as I can tell.
This system isn’t broken. It’s working the way that it’s supposed to.
I'm down like 2 BTC trying to setup no kyc payments and easy developer APIs services over the last 5 years. I give up
This.
Truth is even if u tell them truth somehow they don't care.
First of all, I think we need to stop referring to it as an industry. It's money, just stack money (sats)
Excluding mining, if there is an industry. Assume you're probably being scammed.
I feel seen
I would add that mining is not an industry. They are employees of the network and they are only profitable at current hashrate while there is still coinbase to be earned. Over the next decade many will unplug.
I haven't been able to figure out the concept of a 'bitcoin company' in the context of anything I'm attempting to do. I have ended up suspicious of the contruct of a company in the first place. Is it necessary without a state? Is there more to it than a method of ameliorating tax obligations?
... the industry ...
I cannot understand the negativity.
For my part, I meet the best people at bitcoin meetups. Empathic, intelligent, enthusiastic just fun to hang around with. These people will not go away because of ... the industry.
Brother, that's pretty much everywhere these days. The culture is broken.
yeah, No kyc money was the primary reason i got into BTC. But more of those doors are closing than opening. Too many pseudo bitcoiners playing by the suits rules to make a buck -Strike, et al
what is the right thing? make bitcoin data storage and shit? Bitcoin is money. it's simple and clear.
What I visualize reading this post
BIP110 proposes to fix incentives and screw the scammers but even though you re so soul hurt about the problem you somehow have found a way to justify not supporting it while being close friend of some of the worst scammers. Can't you see the performative contradiction?
Core lost the reference implementation status by using exactly those tactics
Yes. Time to leave the ship & stack some gold while it's still a couple of ounces worth... We'll come back later as we can definitively see the scarcity property of BTC is not really a theme yet.
Those of you who might actually be interested to stack gold with BTC, here's a link & it's not a personal ref link or whatever... Just trying to direct to a reliable source:
Buy Gold with Bitcoin and other Crypto | Bitgild.com
Buy physical gold and silver with bitcoin, ethereum, stablecoins and more. Bars, coins and coinbars. Secure and fast shipment.
Good things take time... now is the time to plant our seeds, in harsh conditions! Stay true fam <3
I think Matt is losing the plot.
He is too big to stay humble these days.
I suppose time time will tell.
Too bad, another one lost.
I’ve noticed.
Who told you that you are doing the right thing by funding shitcoin core devs and not supporting BIP110?
Bitcoin Funding Industrial Complex (including people like you, NVK and Gladstein) are as bad as scammers make bank from the plebs or monetary maximalist pov so, please just keep posting "Stay Humble and Stack Sats" and continue being coretard.
That doesn't mean you should join the scammers, Odell.
Can't block here Luke 🤡
BipDeezNuts
Great point. Super helpful.
Yes. And you are one of the reasons why, as demonstrated here: