Peer effects and bitcoin
1079 sats \ 1 comment \ @Voldemort 11 Jan bitcoin
It is an interesting phenomenon that bitcoin supporters (maybe just people on this site) share similar views about a wide range of topics. Generally in favor of free markets, opposed to fiat, I have seen a lot of people talking about austrian economics, etc.
I am wondering, do you think this is because people of similar worldviews are attracted to the decentralized nature of bitcoin and so the community 'found each other'. Or, do you think people who start to look into bitcoin eventually come to similar views from interactions with peers?
Interested in anyone's experience. Were you opposed to things like fiat currency and so that led you to bitcoin, or did you start buying bitcoin and then became opposed to fiat currency?
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10 sats \ 0 replies \ @SimpleStacker 11 Jan
For me it was a bit of both. I already leaned towards libertarianism, free markets, and a suspicion of centralized authority. This made me very open to Bitcoin's value proposition from the beginning.
But delving into Bitcoin also exposed me to even more Austrian thought, and in particular it motivated me to read up more on the history of money, and I became even more convinced, as well as educated about the issues.
It doesn't hurt that during this time (2020-2021), governments were engaged in some of the most rapid monetary expansion ever seen, leading to ridiculous inflation, while at the same time engaging in some of the most authoritarian actions against their own citizens that I've seen in my life.
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