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96 sats \ 9 replies \ @Scoresby 28 Jul \ on: No Coin and Nothing Stable: Crypto Crisis (Financial Times, Rana Foroohar) econ
I enjoy mad denlillaapan! I was speaking to two people who are involved in traditional finance (one is runs a fund and the other is a lawyer for a bank) and got a reality check when they both (independently) trotted out the "I have yet to read anything that made me think it is more than a tool for speculators and criminals."
They didn't put it quite so stupidly, but more or less they believe bitcoin is used by criminals and there's not much point to it beyond trading it to make a quick buck.
As stupid as the lady in the article here sounds, she's probably closer to the voice of the majority than not.
she's probably closer to the voice of the majority than not.
Yes. This has been my experience as well.
@Scoresby did you ask them if they read the white paper? If you did. I'd bet 1 million sats they haven't. We are early.
On that early part I've been re-watching Seinfeld and my wife keeps pointing out how early they were on that show with many small things that are just common place in culture now. Things like cage free eggs. This show was in the 90s. I know that is a silly example but the masses can move very slowly if something is kinda fringe or sounds fringe.
I have settled into this belief. NGU is the only signal that will get people's attention. People are dumb. They are distracted. They are ignorant. They are lazy. Their one weird friend getting rich will be a wake up call. If you think people are suddenly gonna wake up to Austrian economics or sovereignty or any of the many other things that attracted most of us you are delusional.
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I didn't, but you are correct: I know them well-enough to know they haven't.
That being said, I remember being told to read the whitepaper when I was first poking around in Bitcoin. It was not helpful advice. I don't have the gigabrain to read it and see that the world is gonna change.
I agree with you, though, NGU is probably the main way most people will come to bitcoin.
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Ha! That's a good point. I didn't read the whitepaper in 2008 when I heard about bitcoin on the Security Now Podcast. I didn't end up reading it until around 2020. The book that I think is probably best for somewhat technical people and doesn't get in the weeds on econ or trigger non-gold bugs is The Bullish Case for Bitcoin.
Thing is, I'm the type of person that seeks out the best cases for things and then the best cases against them. I HATE strawman positions and hype. This is why I mostly ignore mass media. Its absolutely terrible. The only value for me personally in mass media is like a weather report. This is what people are being programmed to think now.
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Oof!
NGU is the only signal that will get people's attention. People are dumb. They are distracted. They are ignorant. They are lazy. Their one weird friend getting rich will be a wake up call. If you think people are suddenly gonna wake up to Austrian economics or sovereignty or any of the many other things that attracted most of us you are delusional.
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I'm a fan of Ron Paul's work. I am a fan of Rothbard. I think sovereignty and open source are vital. I also leave my basement and walk among normies. We aren't gonna intellectually revolutionize the masses. Change comes through utility. Over time the masses will get reprogrammed after the status quo is unseated but that's gonna be generational.
There are people you can influence. There are people you should. But most are lost causes.
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You write so well.
Funny: I also leave my basement and walk among normies.
And profound: We aren't gonna intellectually revolutionize the masses. Change comes through utility.
Excuse me while I get this good stuff on nostr.
they believe bitcoin is used by criminals and there's not much point to it beyond trading it to make a quick buck. As stupid as the lady in the article here sounds, she's probably closer to the voice of the majority than not.
that's just astonishing, really... do we live in the same world bubble, or nooot?!
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