Dear Stacker News,
This is my first post in the #1 SN territory ~bitcoin.
Yesterday I was at my daughter's daycare "Fall Festival" event. It was great! They cordoned off the parking lot and setup all these booths and tents with free games for the daycare kids, parents, and extended family to play.
My friend, a fellow father, was there with not just his daugher, but also his grandfather-in-law. He introduced me to him as a great Dad, but also as his bitcoin friend. Literally that was all he said, and I hadn't said anything yet. Unsolicited the grandfather starts,
"Let me tell you the story about The Man on Monkey Island. You see, there once was a man on and island who told all the villagers that he'd buy any monkey they had for $100. Any monkey! The villagers gladly handed over any monkeys. Then, he told them he'd pay $500 for any monkey they had. Any monkey! Well the villagers went crazy for this, grabbing any monkey they could find and selling it to him. Sure enough he bought every single one. Then, he told them he was leaving on a two week vacation, but when he came back, he would buy any monkeys they had for $1000 each! Well, in his absence, the villagers all went to his third party agent, and bought all the monkeys the agent could sell them. Except this time, the Man on Monkey Island never returned."
I've never seen a grandfather so smug in my life. I just smiled and said, "Thanks for the story. Sounds like Bitcoin is too risky for you." And I pocketed my orange pill instead of shoving it down his throat.
You see, he's a grandfather. He's set in his ways. And with unsolicited stories like these, he's probably convinced himself he's got enough fiat to comfortably retire if he hasn't retired already. Save my orange pill for someone who wants it.
I texted my friend later,
"Btw I'm glad I dropped it because I wanna be on good terms! But what I would've said to your grandfather-in-law is that unlike The Man on Monkey Island, Bitcoin has been around for 15 years and its market value has grown into a trillion dollar asset class."
My friend replied,
"You're totally fine. His idea of money management is paying someone else to do it."
My friend hasn't bought any bitcoin yet. That's why I'm the one who's his bitcoin friend. Was I right to pocket the orange pill for Grandpa?
Remember what Satoshi said ...
If you don't believe me or don't get it, I don't have time to try to convince you, sorry.
Always follow this...
Thanks for the article.
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He was very wise!
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You were absolutely right to do so. People don't like being lectured at and it's a fringe minority trait to be persuaded by reason.
Effective persuasion is usually about establishing credibility and being someone others admire. Jonathan Haidt describes humans as an elephant (emotion) with a driver (logic). The driver can guide the elephant, but it's much easier if the elephant wants to go that way. If you want someone to come your way, you want to get their elephant leaning in your direction first.
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What about if I use the choke force on stubborn the elephant (aka shitcoiner or nocoiner)?
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That's another way to do it
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I'll allow it.
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This is of course something Darth would do for the light side of the force to restore balance 😇
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it's a fringe minority trait to be persuaded by reason
Noooooo!!
As a nocoiner I was a very emotional elephant. “Digital gold” made no sense because I never wanted to invest in gold anyways.
But a new money? I couldn’t even fathom that!
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Yeah, I don't waste my time trying to convince people that aren't ready to actually engage. In the end, they're the ones who are going to have to deal with being wrong, eventually.
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Yep. Time is on our side and we can wait for people to be interested in what we have to say. Similarly, there are plenty of people who are interested, so why not focus our efforts on them?
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I’ve definitely got friends who are interested, but still nervous to get off zero!
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What makes them nervous?
They can't spare like $100 to buy a few sats off Coinbase or something?
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You underestimate the mental cost of “signing up” for a new account, especially a financial one in a world riddled with scams.
The banking relationship is the most trusted one. In average, once people open a new bank account, the usually keep it on average for 16 years!
They’ll be committed to their fiat bank longer than their spouse
People are afraid of what they don’t understand.
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Everyone buys bitcoin at the price they deserve.
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I wouldn't waste too much time on older folks. Focus on orange pilling your friend.
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100% get them young!
the old guys are fucked anyways...
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No old guys on this site, right? 😅
Sounds like by contrasting with the grandfather, it’s worth saving the orange pill for my friend!
Nothing younger than babies! Bullish on Bitcoin babies. Congrats again to @Coinsreporter. Another Bitcoiner is born!
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You should be aware who you name "bitcoiner"... coinsreporter is far away from being a bitcoiner. He just pretending to assmilk your sats. He also use multiple accounts to fake voting and assmilk more from you. You have been fooled.
Who is using Trust and Metamask wallets? SHITCOINERS!
Who is recommending web3 crap and "daily moon" shitcoinery? SHITCOINERS!
You have been warned.
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He is a new stacker. He is learning. He can speak for himself but it seems he wanted to get into crypto journalism hence the coinsreporter name but found success on SN. Hopefully that will prompt him to learn the crypto stuff is all garbage and to focus on Bitcoin. No better place than SN to learn that.
I don't think he is assmilking. He is creating a lot of content and engaging with the community.
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I have no remorse for shitcoiners that continue to be shitcoiners and pretend to be bitcoiners.... He joined SN on Jan 2024 #402772 That substack was started in March 2024 and start recommending shitcoineries? You tell me that in 3 months he cannot comprehend the differences between Bitcoin and shitcoins?!
SHITCOINERS CANNOT FOOL DARTH
These are the links he recommend:
See for yourself the garbage.
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It took me more than 2 months to learn not to shitcoin. It took me about 3 years. Not all of us have the power of the force like you Darth. I get your points. I hope he is learning the way.
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After so many months after I was busting his balls on SN, he still continue behaving like a shitcoiner. He can't fool me, I know very well when a shitcoiner is making progress towards the light. But he doesn't. Just look at his posts and comments all these months.
Darth is watching all and is saving receipts, for shitcoiners. NO REMORSE.
I could says that hyperbitcoinization will happen ONLY when people will understand my unlimited Bitcoin toxicity. Until then... we are just floating in dirty waters, playing with shit.
I know you don't and Bitcoin needs people like you. It also needs people who are willing to cut others some slack and try to show them why shitcoining is stupid.
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I’ve followed your advice to see for myself the garbage by subscribing to @Coinsreporter Substack!
Will report back 🫡
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You listened to his story, now he has to listen to yours.
In this story, satoshi is the monkey man and bitcoin are the monkeys?
You should tell him a reverse analogy where the monkey man is still satoshi, but the monkeys represent energy and the amount monkey man is willing to pay represents the block reward. End it with "and this has been going on for 15 years and the rate of monkey is at all time highs with no inflation".
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Wise words. Somebody studied Bitcoin here.
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Ha! And the rate of monkey is at all time highs with no inflation!!
You did a good job with your animal metaphor for mining! My first book was actually an entire story of Australian animals in metaphor about how mining works. The book description is wild!
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10 sats \ 1 reply \ @random_ 27 Oct
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a good response, imo, would be - did the monkey island man's etf also hit 10 billion faster than any other etf in history?
i find that for people that are hardcore legacy finance / investment types, using the etf as an argument forces them into a kind of checkmate, because they are not like bitcoin OGs, but when one of the biggest financial players in the world is balls deep, they don't have a counter for it
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Should’ve said this!!
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The grandfather was displaying some wisdom. 15 years is small potatoes when you've seen say, 40 come and go along with all the things that were hot being no longer hot. Some day, some how, the Man on Monkey island won't come back. It might be a hell of a ride until then--but some day that story is over and something else starts. It's not about Bitcoin exactly. It's a fact of life and what is valuable in one period of time becoming worthless in another.
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Excuse me sir, but I was promised that 37 sats is generational wealth
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pretty much.
We all get bitcoin at the price (and quantity!) we deserve. In his case, infinity and zero.
Good for him
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Ha!
He should be like a honey badger and care about price
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people get bitcoin when they're ready. that is all
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This is why price is important. It’s what originally made me give Bitcoin a third look!
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Each persons idea of money and wealth is different. Just have to respect that.
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And I respect it to! Except when I don't.
A lot of us thought we knew what money was. That the dollar in our pocket was money. But it’s not. It’s just paper.
It took deliberate effort to learn “What is money?” A question I only asked myself after the 2021 Bitcoin bull run
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Then let me ask you this. What are you doing with the sats you get from here?
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Well I was zapping them til I went broke and giving them away in referral links. I’m now finally starting to save them to maybe found a territory with @grayruby.
I checked the btc address in your bio. Looks like so far you HODL!
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To each their own. I zap what l can, but some days l end up with more. I remember you were zapping till bankrupt, but is that really how you should manage your wealth? What kind of territory will you fund?
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Ha no it is not how I should manage my wealth! But now I know to save those zaps for when I mean it.
I was going to do an Am-I-The-Ahole territory, but it’s been a lot of work and while entertaining idk if the juice is worth the squeeze
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