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It has been a long while since I gave up trying to orange pill people, it just felt so futile. But recently I got talking with this guy who seemed switched on, he understood what was financially wrong with the world and how a big part of it was the FIAT Keynesian system, he understood the benefit of gold backed and hard money standards, and how deadly hyperinflation can be, he knew something about Austrian econ. The guy sceptically "held" a some amount of shitcoins.
So we had been chatting about an hour by this point around these kind of topics and I thought well, maybe I'll offer the pill again, so I gently tried to suggest how bitcoin is the only true money ever to exist and if adopted globally could potentially solve a lot of the problems he's seeing,... He confidently came back with some low IQ FUD about new "bitcoins (cryptos, stablecoins, Fake L2s) different versions of Shitcoins" being printed all the time whenever a new shitcoins is created, this comment made me feel at a bit of a dead end. But wait it, I've come this far I'll push on further.
So I went deeper in explaining first mover advantage and all the other differences which make Bitcoin stand out against all the shitcoins - from fiat to cryptos, to stablecoins, to cbdc, to fake L2s, and I actually feel that I might have moved the dial. I clearly stated that there's only one true money, Bitcoin. And there's only one true Bitcoin L2, Lightning Network. The rest is all shitcoins in different versions.
Another friction point for him was that most of the Bitcoiners he had met he thought were "conspiracy theorists" so I refrained from informing him that many conspiracy theories are provably true these days but anyway... I feel I moved the needle with this guy. I don't think I fully convinced him as we ran out of time but I have hope that I may have shifted his perspective just enough that the snow ball starts rolling.
I always try to avoid "there is only one". The problem with that being that it shouldn't be a mystic thing; i.e. you trigger correlation with "the one true faith", "the one to rule them all"... and that historically has never stood the test of time. It's not a domination thing because Bitcoin isn't a government; it's a protocol.
Instead, if someone insists on their shitcoins, I explain that Bitcoin is the only thing out there that wasn't made as someone's plan to get rich (it's easy to prove this for anything that premined/ICO'd/dev tax), and the protocol today really only built on top of the original, apart from some early bugfixes, which basically takes care of the few remaining shitcoins that weren't meant to make someone rich.
I also try to steer into a direction where there is talk about how no one represents Bitcoin. So no matter what some influencer / president / rich person or even a retard like me says, Bitcoin is no more than the protocol and it's the only thing we all agree on. It's just alternative p2p money where no one is in charge. This brings much more fundamental discussions, and will scare everyone away that's looking for a quick buck.
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Instead, if someone insists on their shitcoins, I explain that Bitcoin is the only thing out there that wasn't made as someone's plan to get rich (it's easy to prove this for anything that premined/ICO'd/dev tax), and the protocol today really only built on top of the original, apart from some early bugfixes, which basically takes care of the few remaining shitcoins that weren't meant to make someone rich.
Glad to see that we're aligned on this. That's exactly what makes Bitcoin is the only true form of money.
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there is only One is a true statement at all times in history, not only in reference to bitcoin; iykyk
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Another friction point for him was that most of the Bitcoiners he had met he thought were "conspiracy theorists"
Man, I would be so frustrated with people like him. Like, he can see with his own eyes how so many people believe wrong things about the monetary system and have their eyes darkened about it. Yet, he can't open up to the possibility that there are other things in the world that the common narrative is wrong about?
I don't believe every conspiracy theory I hear... but I don't look down on anyone for believing them, and I'm open to the possibility that they're right. I'm always willing to listen to their claims and evaluate them on a case by case basis.
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It's good you pushed on with him. That particular concern is a common hangup for people, including me.
I probably would have been orange-pilled about five years earlier if someone had just made the first-mover/network effects argument.
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Ultimately, one has to accept that money is the result of a social equilibrium. It might feel a bit uncomfortable, but that's the reality. Many things can be money, but not everything will be money, and some things that can be money will make for better money than other things.
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When dealing with something as novel as digital currency, it's easy to fall for a refutation of its inherent scarcity like this.
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Gotta lean on the fear/greed angle: #1274122
conspiracy theorists
I like to turn that around and ask people if they're one of those whackjob coincidence theorists
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Unless they don't understand Bitcoin or cryptography, they will keep calling it names like "conspiracy theory" and "Bitcoin is a scam." There is a problem of people not putting effort into learning about Bitcoin.
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people with diseased minds & bodies cannot reason correctly and have a short attention span; no matter how logical and illustrative the information, they will not get it;
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I am glad you out orange pilling again. “To know and not to do is not to know”. I also go through periods where I dont like to bring up bitcoin. Lately people have been more receptive to the topic. The tides are changing.
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I believe that explaining to shitcoiners that altcoins are fiat too may work. Money converges to one thing since value representation needs monetary scarcity. Anything else that breaks such scarcity is like fiat.
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stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.