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102 sats \ 3 replies \ @SimpleStacker 21h \ on: Orange pill immunity bitcoin
I think it is wrong to start by explaining what bitcoin does, but better to start by explaining what bitcoin is. A decentralized ledger of transactions that nobody controls, everyone can write to, yet somehow everyone trusts. Something we've never had before.
Fully agree that it is wrong to explain what bitcoin does. but I disagree that it's helpful to explain what bitcoin is -- unless speaking to committed libertarian-type folks.
I doubt my cousin cares very much at all about decentralized ledgers or whether or not a third party mediates his financial doings. This is partially why I thought Predyx and SN would be good points to begin: maybe he is curious about prediction markets and he could spend some sats in figuring out how they work. Or perhaps he could spend some sats to post here.
Unfortunately, the not having a phone thing kind of stalled all that out. I guess I could have explained what it would be like if he did have a phone or what it would be like if he tried these apps out on his computer when he got home, but it doesn't have the same kind of zing.
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But that's the thing. I don't know if you really can orange pill someone about bitcoin unless you emphasize those things. Otherwise, why not ethereum? It's important why proof-of-stake is not money, and other such things.
On that note, I'm someone who thinks that a possible scenario for bitcoin is that it becomes the Tor of money. Not dead, but never mainstream either.
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That's a good analogy. I could definitely see that world playing out.
You may be right when you say otherwise why not ethereum, and maybe it is just my ignorance, but I don't see anyone building micropayments apps for crypto. It's all defi maybe farcaster and base, but my impression of those is not so much micropayments as trading and finance stuff.
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