I’m just going to say it.
#Bitcoin is far from inevitable.
The Bitcoin ethos and sentiment over the past few years have been absolutely ludicrous. The immaturity, delusion, and ignorance shown by most maxis have left this movement weaker and more fragile than ever. It has become an echo chamber filled with the same tired talking points, repeated on the same styled podcasts over and over again. "Hyperinflation is coming." "It’s going up forever." "Bitcoin is an inevitability." "Bitcoin is the greatest invention in human history." Even "Bitcoin is God."
While the movement has been consumed by its own blind optimism and cultish rhetoric, the developers, node operators, and the broader ecosystem have been quietly co-opted and manipulated by state agents and bad actors with ulterior motives, selfish interests, and bad intentions.
Wake the fuck up. Nothing is guaranteed. Trust your intuition, and don’t fall into cult-like thinking.
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Replies (8)
Fair criticism. Not disputing it.
If #Bitcoin is not the solution to the savings problem what is the alternative?
How do I save money? What are my alternative options? Stocks, metals?
Every time I think the same ideas you have I fall back on; there is not another solution. It's not perfect but it's all humanity has.
We can’t rule out the power of human ingenuity and imagination.
If I had the answers I’d share it. But as of now I believe #Bitcoin has never been more vulnerable and weak.
It might work… and it might not.
I agree. Let's say it does fail; we would be reverting to gold as money imo. That's a much more ugly world.
I think btc is the solution that brings the least conflict, humans generally want to avoid conflict. That's why I think it succeeds.
If we’re basing success on a conflict based apparatus then we’re pretty much screwed.
There are soo much more societal issues that go far beyond money. Ideological habits and differences don’t change through just code. It takes conscious awareness.
It terms of what the future holds? Who knows? But we must adapt and change our minds, and that’s the hardest part.
Stay optimistic and don’t doubt the human condition to find another way.
Thank you for the thoughts. Mine, if helpful in response: If you think the message is flawed, or weak, or blind to risks, or the ecosystem is being captured, and growing fragile with hyperbole, etc -- be the change you want to see by offering a clear and alternate way to spend our time and energy. Bitcoiners are contrarians. They are optimists. They will listen, and get behind good ideas. We are all in this together.
That’s exactly what I’m doing, pointing out the blatant and obvious ignorance that lies within the space.
However, it’s a collective movement fundamentally.
The worshipping of tech is bad in all cases, Bitcoin included.
Can it make our world better? Absolutely.
Will it ultimately solve sin once and for all? Not a chance.
Is it God? Absolutely not.
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Consider hedging. #bch , #gold, #silver.
If you have conviction that one might outperform, by all means go all in. If not, diversify.