How did you transition into Bitcoin maxi?
1030 sats \ 10 comments \ @south_korea_ln 29 Feb crypto
  • Are you a still an altcoiner?
  • Have you always been a bitcoiner?
  • If you're a maxi now but weren't before why and when did you transition?
  • Did the maxi culture on SN help you transition? I'll give extra sats for SN users who can prove using their post history they used to be shitcoiners now turned bitcoiners thanks to SN.
For me, I did a bit of XRP at the beginning of my journey. Mostly for the supposed gains and due to the aggressive propaganda machine of the XRP army, especially effective in Korea. Having a background in computer science, i realized quickly though that there really aren't many problems that require something as inefficient as a Blockchain. Many altcoins turned out to be solutions in search of problems. In reality, most only require a good database. In many cases, centralisation is good and efficient. Think of how SN is so much more user friendly than NOSTR.
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367 sats \ 0 replies \ @satoshiplanet 29 Feb
I worked 3 years in a company that paid me with ethereum, I kept them for a few months but I always had the feeling I was keeping a fucking scam, so I swapped them for bitcoin as soon as I could, actually I live 100% bitcoin, since 2017, I only buy shitcoins like fiat garbage to pay some bills for my traditional business. Today you can travel, host and feed yourself using bitcoin, so yep.. shitcoins are just like drugs, have an emergency exit door. If you still hold shitcoins the only possible exit door is bitcoin https://media.tenor.com/-_RedE32WKgAAAAM/cowboy-feliz.gif
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31 sats \ 0 replies \ @OT 29 Feb
I came to be a maximalist by trial and error and losing lots of money on sh$tcoins.
In the end it was worth it because I learned through experience. It just cost me lots of bitcoin
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42 sats \ 0 replies \ @johngribbin 29 Feb
worked in ethland. asked tough questions that people kept skipping around. bitcoiners i would meet would always welcomes tough questions. felt at home.
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10 sats \ 0 replies \ @030e0dca83 29 Feb
I still HODL some alts and as more I study Bitcoin the more I understand how big the mistake I make
After Bitcoin standart and Mastering Bitcoin lazers in my eyes light the brightest
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10 sats \ 0 replies \ @OneOneSeven 29 Feb
I read the whitepaper.
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10 sats \ 0 replies \ @KLT 29 Feb
My path was grasping the issues with the federal reserve.
Then I went down the gold path for 30 seconds, reading Ron Paul books.
A close relative of mine got scammed for 90k. “Crypto scam”
Which led me to realizing I need to understand what bitcoin is. I found Layered Money and then the Bitcoin standard put me over the edge.
I’ve never looked at an altcoin before and I’m incredibly grateful.
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0 sats \ 0 replies \ @kingzing131 10 Mar
I have some Alts but small changes mostly.
I don't have much doubt there are a few use case (important ones) for blockchain and crypto.
I know a lot of banks are already working on RWA (real world asset), essentially bringing asset ownerships onchain and that's going to be very significant in the next decade.
But "bitcoin, not crypto" really says it all. Bitcoin is bigger than a ledger.
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0 sats \ 0 replies \ @gojira9000 5 Mar
My buddy got me into it three years ago, and I believed in everything he said about it as far as value props, and I bought a healthy amount, but I think something finally clicked after watching the dollar fall in value right in front of my eyes, and the behavior of government in general and the very rich when it comes to finance.
George Carlin said, "It's a big club, and you ain't in it." And that's true, except with Bitcoin, this time the poor people got in first, way way before Wall Street. Up until very recently, I planned to cash out a little at the height of this cycle, except this cycle is only the beginning, and maybe it's not a cycle anymore when the whole world wants in, including big finance, nation states, and a big chunk of all the people in the world. There's practically no limit to the value of Bitcoin, so it would be really nice to hold forever, or at least until my Bitcoin stack gives me real buying and borrowing power in and of itself, without exchanging to fiat at some perceived high price.
I DO buy alt-coins, but more as a generally cynical attempt to cash in on other peoples' fomo and gambling. They are going to pump these coins, so I like to put a little money in at a low point and just wait for them to rise to 4x, 5x, etc in the inevitable feeding frenzy and then cash out and take my money. Why not? Other than that, I don't get in too deep with that stuff. It's just a route to easy money and a way to stave off the temptation to dig into my real stack.
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0 sats \ 0 replies \ @Bell_curve 29 Feb
Centralization can be efficient but it depends on the context.
No single point of failure
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0 sats \ 0 replies \ @03479d0ee6 1 Mar freebie
1-No 2-Yes 3-i started with bitcoin and understood pretty much the good basics from the start, not your keys not your coins, no KYC if you can etc. Then i started also playing with defi and shitcoins and I thought it was cool i earned some tokens on airdrops and used that money to play around but I always followed bitcoiners on Twitter, then with the bear market I saw how projects were scams, developers and investors with huge premined tokens dumping, lots of features in roadmap to pump the token. Then I saw that ethereum was basically the same, also had no future because it isn't money and a blockchain is terrible for anything else, I saw how maxis were always right calling all the scams. So I became a maxi, bitcoin only around that time. 4-i joined SN recently and I was already a maxi.