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189 sats \ 2 replies \ @fiatbad 5 Aug \ on: Let's Keep Bitcoin Small and Irrelevant (Bitcoin Magazine, JB) bitcoin
If Bitcoin is not directly threatening the fiat system, then it is a shitcoin.
I have no problem with Bitcoin going "mainstream". In fact, that is the whole damn point.
But I have a HUGE problem with NGU going mainstream, and fiat feeling zero pressure from Bitcoin.
Bitcoin's success is meaningless, if it doesn't result fiat's timely failure. Bitcoin hasn't gone "mainstream".... it appears to be doing nothing at all, and that's the problem.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks". <- This was supposed to be the goal, not whatever is happening in our culture now.
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11 sats \ 1 reply \ @teemupleb 5 Aug
NGU is the first step/wave. Holders get wealthy. Then when the fiat exchange rate volatility decreases, holders will find the censorship-resistant qualities. Patience required.
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5 sats \ 0 replies \ @fiatbad 5 Aug
Yea....
I'm very familiar with the excuses Bitcoiners make for continuing to live comfortably within the fiat system instead of fighting it.
Of course, there is a lot of truth to those excuses. They aren't wrong.... you aren't wrong. But I think those excuses are causing us to be too complacent.... too confident in Bitcoin's future.... ossifying too soon.... and generally too comfortable with fiat while larping about how bad it is.
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