4 sats \ 1 reply \ @phygit 19 May 2023 \ on: Is bitcoin based on human greed? bitcoin
Of course greed plays a huge role in today's Bitcoin — and that's a major problem.
A good 80% of people owning some BTC today are here because they intend to make profit (and most of them try to increase this profit by day-trading, often with insane leverage).
Greed is also a large part of the narrative around Bitcoin, even from some "BTC maxis". Take DarthBoy, and his childish "Good luck staying poor" meme... And thousands of cheap youtubbers/influencers doing the same all over the Net, basing all their marketing on FOMO and "get rich quick you idiot".
At all times, it is suggested that Bitcoin is a "money machine", some sort of martingale to get rich.
The problem: in all that, the real value proposition of Bitcoin disappears under this avalanche of greedy crap. (Almost) nobody into Bitcoin today really cares about building a better, more fair, more transparent, more self-sovereign financial/monetary system for the world.
Ask yourself: if you knew for a fact that BTC price will not change anymore — ever— (imagine BTC becoming some sort of "stable" at today's price), would you still be here in 1 week? My guess is that 90% of people would trash their BTC ASAP and jump into something else.
As long as we don't fix this, this bad narrative, Bitcoin will not succeed. Because, at the end of the day, Bitcoin is NOT a martingale to get rich.
Total clown troll
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