0 sats \ 0 replies \ @telcobert 25 Jul 2023 \ on: What is the WORST case scenario for Bitcoin? bitcoin
The worst case WILL happen: the way of the tulips, if the last generation bitcoiners don't change. It will be deservedly go back to $0, as these bitcoiners have lost sight of what bitcoin was supposed to be: the best money mankind ever had.
They have set their inner eye on the ridiculous idea of "to the moon", on getting rich quick by buying a few measly sats and sitting on them till they grow a beard. That's not the way. Speculators like Black Rock get this type excited, not advances on the ascension to money.
It is telling that projects like Bitcredit Protocol – an effort I am involved in - which write code add to expand bitcoin capabilities and functionalities for the real economy – get support and contributions less from this "∞/21m" type bitcoiners but mostly from bankers who are sick and tired of the fiat system going dystopic and increasingly out of control. That's the people who are willing to put in the effort to put things right, not the "sat stackers".