11 sats \ 0 replies \ @apollo21 26 May 2023 freebie \ on: What finally got you to be Bitcoin-only? bitcoin
I first learned about Bitcoin in 2014, but it specifically took the Terra Luna meltdown for me to head down the rabbit hole and go all in on it, and to realize that ETH and the like are nothing more than highly accessible Ponzi schemes enabled by the global banking system. I understood how attractive it was for many ignorant people to "invest" in these shiny objects without the need to possess something like the US SEC's accredited investor status, even though most such people are unable to quantify the risks of their gambling because of the general lack of financial education.
Now I'm one step away from lump-summing the last of my altcoin holding into money that does not need to be "ultrasound money" to be truly sound. If by doing this it does not lift the family boat, it will almost certainly lift the boats of my children.