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Out with speculators, in with buildersmedium.com/@davidmarcus/out-with-speculators-in-with-builders-1b6075e2111b
498 sats \ 7 comments \ @kr 30 Dec 2022 bitcoin
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0 sats \ 1 reply \ @TonyGiorgio 30 Dec 2022
And what has this guy built besides speculation?
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0 sats \ 0 replies \ @ek 30 Dec 2022
He created a post that apparently at least 70 people on medium liked and an unknown amount of users on SN.
You can ask the same question yourself. I see in your bio that you are a Lightning developer. That's great.
But in the post, he mentioned:
On the personal front, I will do everything in my power alongside the mighty team at Lightspark to do our part to drive progress, solve problems that remain unsolved and have a lasting impact in the world. There’s literally nothing else I enjoy more than being deep in the engine room with an incredibly talented group of like-minded humans going after an ambitious and inspiring mission.
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0 sats \ 4 replies \ @rothbardllc 30 Dec 2022
Sorry, lame and self-serving.
It's time to just accept -- and not fight -- the proven, observable fact that bitcoin's primary use case is as a speculative counter-trade to the dollar.
Why even argue against it? It's our main defense against the state. Maybe our only defense.
You can try to steer BTC to your own pet use case, as he does here and other's do all day long on this and other platforms, but it's going to remain all about speculation no matter what you say you're building.
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0 sats \ 3 replies \ @ek 30 Dec 2022
Why even argue against it?
Because if you see Bitcoin only as an investment (or main defense against the state, as you stated it), it will most likely fail as an investment.
You have to actually use it, build on it and educate people about it. Doesn't make sense to think you can just buy Bitcoin and get rich in fiat terms. What did we achieve when most people think like this?
Speculators are the ones who don't understand the technology; what we mean with "not your keys, not your coins" and thus buy Bitcoin IOUs and get rekt; leading to a failed investment as I said.
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0 sats \ 2 replies \ @rothbardllc 30 Dec 2022
But who are you and David Marcus to say I'm using bitcoin "wrong"? I don't say that to you because it would be presumptuous and wrong of me to say that, and would be self-serving in some way. Do what you want. Build what you want. Go for it.
Personally I want a store of value that can't be confiscated, barring torture and rendition. I also want that store of value to go up in purchasing power against the thing I'm exchanging it for (dollars).
Also: Who are you to say that speculators are not "using" bitcoin? I don't see the need for anybody to be giving speculators condescending life advice about how to "use" bitcoin.
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0 sats \ 1 reply \ @ek 30 Dec 2022
But who are you and David Marcus to say I'm using bitcoin "wrong"?
It doesn't matter who I am.
Personally I want a store of value that can't be confiscated, barring torture and rendition. I also want that store of value to go up in purchasing power against the thing I'm exchanging it for (dollars).
That's great. I want that too. But I think you got me wrong:
I am not saying you are using Bitcoin wrong. Bitcoin is open for everyone. I am just saying that it doesn't make sense to me to think that you can except the price to go up without people building on it and making the network more accessible. That's how I interpreted your comment at least:
but it's going to remain all about speculation no matter what you say you're building.
If you think I gave you "condescending life advice", that's on you.
I just gave you my opinion such that you can think about it (or not).
Honest question: Would Bitcoin be where it is now without SegWit? Without Lightning? Without SN? Without Taproot?
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0 sats \ 0 replies \ @rothbardllc 30 Dec 2022
Better question: where would bitcoin be without the move up from $0.01 to $16,250.
There would be no segwit, no lightning, no nuthin.......just another obscure tech project.
Here's some unsolicited life advice for you: re-read your answer to me and honestly assess whether you were offering me advice, as in: as a speculator I am not "using it, building on it, or educating people about it". Cause that's how it came across: Be the virtuous builder and educator, like me.
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