712 sats \ 5 replies \ @gd 11 Jan \ on: Taking the ETF temperature on Hacker News bitcoin
HN is full of the dumbest smart people in the world. It’s always frustrated me
Watching HN completely miss Bitcoin has been a fairly interesting experience over the last 12 or so years.
In part I think their anger is related to the collapsing returns within tech industry itself. "Silicon Valley Life" was the former gold rush that is now sunsetting....the industry has metastasized into a handful of kingdoms and growth is falling into traditional late-stage growth curves.
They should have seen it coming - and they know that. The internet developing its own native currency that displaces traditional system was an obvious tech development, but somehow they missed it.
But there is another - deeper change - that has happen. The "tech industry" itself has moved from being a very libertarian place in late 80s / 90s - to now a deeply state worshiping place. Its quite ironic (and they seem completely blind to it) that 99% of the tech they worship, was developed out of a mistrust of central authorities.
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Saw this on nostr, boosted it and zapped here and there
Good piece 👏 well written
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Just beware of falling into the same group think here 👍
Every idea is a potential flip of the coin. Perhaps we reach a more ideal, higher truth with Bitcoin. Maybe.
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This is so true. As has been discussed before, people's instinct is not naturally toward truth-seeking. Everyone has precious beliefs they hold for all the tribal and affiliative reasons and which they don't put to the test or dig into because there's too much bound up in it.
Bitcoiners are no different as far as I can tell. It will be the downfall of many in the space just as it has been for those outside it.
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