This article has been posted on SN two times before: in 2022 (#8738) and in 2023 (#251076). Apparently, nobody posted it in 2024. It's never really gotten much attention.
I am giving it a whirl this year: it's not the sort of article I generally agree with. But I've been thinking about Bitcoin and adoption and how all that is going lately. Perhaps there are some useful ways of thinking about it that can be garnered from this kind of analysis.
Serious subcultures are usually eternalistic: the New Thing is a source of meaning that gives everything in life purpose. Eternalistic naïveté makes subcultures much easier to exploit.
I think this is true of many Bitcoiners today: it is a source of meaning. And that very fact probably makes us easier to scam and dupe. So rather than steeling ourselves against the scams and elevating our consciousness to constant vigilance, perhaps we would do well to build out lives beyond Bitcoin.
It's good, from time to time, to think about the question: what would you do if Bitcoin was over, and you had to move on to something else?
Having an answer may make us better at making a world where Bitcoin is never over.