173 sats \ 1 reply \ @owleyedapprentice 11 Nov 2023 \ parent \ on: Balaji Srinivasan’s “Network States” bitcoin
yeah the value of the token reflects the value put into the community, it's a great feedback loop, for what is essentially the start of a company. Bitcoin can absolutely be a valuable tool in funding and anchoring these startups, i don't understand the resistance to accepting alternative tokens/chains for these proprietary sort of organizations & communities. it can be a very symbiotic relationship.
The resistance is a combo of simple bagholding interest (every usd that inflates a shitcoin is a usd that's not swelling their own bags) combined with a saltiness in response to the avalanche of grift that entered via the altcoin / shitcoin space and that soured normies on "crypto", including bitcoin.
Of course, to hear them speak of it, it's 100% the latter and 0% the former.
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