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110 sats \ 16 replies \ @fiatbad 8 Sep \ parent \ on: Knots doesn't make any sense to me bitcoin
Eh.... I hang out with a ton of intelligent "Bitcoiners" who really understand this from a multidisciplinary vantage point. They are Bitcoiners.
They are usually the first ones to tell me,
- "Store of value comes first, medium of exchanges will come much later."
- "Spend the weak currency first, hold the hard money."
- "I don't want to have to pay a capital gains tax every time I buy a cup of coffee!"
At meetups/conferences, their conversation centers around fiat-minded macro-economics and fiat price catalysts for Bitcoin. Few are interested in building new Bitcoin circular economies or escaping the fiat system in a meaningful way.
Even here on SN, my rants about this topic are usually viewed as annoying and whiny.
Where are the Bitcoiners?
Of course, and that wasn't what I was pointing out. What I'm pointing out is that there's Bitcoiners, and there's another group of people at the bottom half of your meme that do not really share the same values, and the group was named differently too in the meme. If it would have said "Bitcoiners today", I could have replied with the same conclusion; but there are still many Bitcoiners and you'll find them here on SN, every day.
It's just not an apples-to-apples comparison: the 2013 class still exists. I know, because I am 2013 class.
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I'd like to ask this... and get a no-BS honest answer.
Where did the cypherpunk people go? Are they just "here" as in on Stacker News?
Did they go to another cryptocurrency? (XMR or something?) Or were there just not that many of them to begin with? Or some left the movement completely?
Nostr doesn't feel cypherpunk to me it feels like marketing. Maybe parts of are punk but it's such an incredibly small community it's a razor-thin area within a subculture.
This doesn't feel like 'adoption' it feels like cope... the dissonance between 'bitcoin is money' and 1 sat/vbyte in my opinion isn't healthy. Thanks
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Same here, brother.
My Bitcoin transaction history is more robust than my fiat one. But we can't do this forever alone. We need Bitcoiners to start caring about the end of the dollar.... we need a network effect for medium-of-exchange. If there are only 2 of us for every 2 Million fiat-brains, then we won't survive. We will die out.
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My exact same thoughts and same experience.
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Counterparties...
Lol.
I have to travel LONG distances to find anywhere to spend Bitcoin and the merchants I talk to? Maybe 1-2 times a month they have someone who wants to "pay in Bitcoin."
And that's in Bitcoin-centric cities within countries.
In the States the vast majority of the merchants I've spoken with "don't take it anymore" because noone showed up.
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If Bitcoin is to become a "medium of exchange" we have to use it, right?
What good is the HODL forever, never touch your bitcoin, put it in a shoebox forever never do anything with it mentality?
I don't know any Bitcoiners in person... and the concept of "spending Bitcoin" is a totally alien concept to 99% of the people I've dealt with.
There's no shortage of BS-people and suitcoiners and degens and "crypto-traders" but there are very few real Bitcoiners using their Bitcoin.
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I only did 1 transaction today thus far (across every thinkable MoE), which was to repay a friend that picked up a bottle of wine for me, and I did it over LN. LN doesn't help you gaining visibility into my transactions, which is exactly why I use that: so that you cannot see where I am, or even that I am. It's none of your damn business, or that of anyone, also not the spooks in the back.