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The Bitcoin Maximalists were right about pretty much everything. ICOs didn't add any value and were vehicles to sucker new people into giving VCs and token founders money. Blockchains didn't revolutionize industry and were vehicles to sucker new people into giving VCs and token founders money. DeFi didn't revolutionize finance and were vehicles to sucker new people into giving VCs and token founders money. NFTs didn't make becoming an artist viable and were vehicles to sucker new people into giving VCs and token founders money. Web3 tech didn't displace Web2 and were vehicles to sucker new people into giving VCs and token founders money.
Bitcoin Maximalism started as an epithet. It was a way to dismiss the Bitcoiners that were showing the obvious flaws of altcoins and "blockchain" because, let's be honest, they really didn't have good answers. They hid behind obscure terms and deflected with questions about Bitcoin, but they couldn't truthfully make a good case for their own value proposition.
So Bitcoin Maxmialism, having been right for many ears and continuing to be right, has been elevated from epithet to something like a badge of credibility. To be a Bitcoin Maximalist is to have been proven right. It's become such an obvious truism that Maximalists have been right that there are people that want to claim the title for themselves while re-labeling the actual Bitcoin Maximalists as "Bitcoin Puritans" or "Bitcoin Fundamentalists." Cringy propaganda aside, the Bitcoin Maximalists having been right has made the label a prize. That the term is being worn by people who didn't make those predictions and new epithets are being thrown about to discredit opponents is evidence of this elevation of the term.

Debasing Reputation vs Elevating Reputation

This is such a contrast to the altcoin world where new names are a regular occurrence. Way back when, Mastercoin rebranded to Omni to get away from the many different disasters their token went through. Bitcoin ABC rebranded to eCash after the split from Bitcoin Cash. Even Ethereum has rebranded to Ethereum 2.0 to get away from their own history. Altcoin reputations are constantly debasing, so it's no wonder that they rebrand regularly. Bitcoin Maximalists' reputations, on the other hand, continues to enhance and has done so the hard way, by being right.
Which is why the current doomerism is so annoying. There are many different lines of attack, from people making the case that without covenants (or some other fork) that all is lost and that Bitcoin will lose forever, to others making the case that Blackrock and the US Government having lots of Bitcoin would spell doom for it. There are still others that fear altcoins might surpass Bitcoin in some way (privacy, transaction volume, etc.) unless we do X. These arguments have little basis in reality, given what's happened the last 15 years.
Bitcoin is doing fine. In fact, it's doing way better than fine. Look at the cultural conversation around Bitcoin. Look at how wide the Overton Window has gotten. Look at how many people take seriously what only a few people considered even 5 years ago. And of course, look at the price. We are winning big.

Learning to Win

Yet the doomers complain that Lightning sucks, or that the fees suck, or that exchanges suck, or that the organizations buying Bitcoin suck, or that the consensus process sucks, or that mining pools suck. Some of these complaints have some merit, but the vehemence of the complaints are way overblown for the actual issue. These are not life and death issues for Bitcoin. At best, they're nice to haves 20 years from now. I know social media doesn't get attention unless you make the consequences sound dire, but such negativity is ridiculous. We're winning and we need to learn how to win. And to keep winning, we need to remember how we won.
We're winning because Bitcoin is way better savings than anything else that exists. It's better than dollars, it's better than gold, it's better than altcoins, it's better than real estate, it's better than stocks. And why is it better? Because it's decentralized and related to that fact is that it's credibly scarce. This is why people buy Bitcoin, not because of someone's pet feature that has yet to be implemented.
When you are winning, the smart move is to double down on what made you win, not on any perceived weaknesses that most people don't care about. So stop being doomer-y, because we have a lot more winning to do.
"We're winning and we need to learn how to win. And to keep winning, we need to remember how we won."
Wise words
I think a lot of us developed doomer-y attitudes out in fiat world and many have a hard time letting them go.
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81 sats \ 1 reply \ @Bell_curve 9h
Doomerism can be an addiction
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I think that's true. Confirmation bias is easy to fall into, especially when you're trying to find bad scary shit to convince yourself that the world is bad and scary.
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Try this on: You develop doomery attitudes because you are not living in the NOW, you are trying to live in the future, thus generating fear. You cannot live in either the past or the future, only the ever present NOW. You have to keep your vibration level high by not giving into low vibe emotions like fear.
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10 sats \ 1 reply \ @Bell_curve 9h
Very zen and Buddhist
Or Taoist
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Realist!
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50 sats \ 5 replies \ @ek 14h
I think the doomerism is also related to what we would call 'Torschlusspanik' in German. It’s when you panic because you feel time is running out to make crucial final decisions, even though you’re already almost where you want to be.
While writing this, I realized it’s 'Torschluss' (closing of a gate) and not 'Torschuss' (shooting a goal) so maybe the last part about "already almost where you want to be" is not correct. 👀
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Very cool word
Is the idea that we're just about to the point where bitcoin is whatever it's going to be, so any remaining issues need to get ironed out now?
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I don't think you can ever iron out all the remaining issues. As long as people are involved, there will continually be some sort of issue arising. You can only take care of them as they arise.
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Of course not. There's no consensus on what the ideal set of properties would be.
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There are too many ideals out there to eliminate enough of them to make settled properties and this does not even include any advancements or changes to come about.
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53 sats \ 0 replies \ @ek 14h
Yes, pretty much. Bitcoin is reaching escape velocity.
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Who is complaining today that "x and y sucks" in Bitcoin is because they get into Bitcoin after Saylor. They don't know shit about how (hard) Bitcoin was used back in 2010-2014 with just few apps and solutions.
Just imagine how was having just ONE mobile wallet app (Schildbach wallet - and is still alive!)
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Beginnings are always difficult and innovators have a hard time dragging the early adopters into the scheme of things. Once they get enough early adopters into the mix, the world expands exponentially. We will be seeing the explosion, soon.
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There are some folks in the 'dev community' who are quite negative. There is/was also some negativity due the ordinals and NFT spam finding its way to the Bitcoin blockchain... NFTs are a 'crypto' thing and it surprised many that altcoiners actually wanted to pay (large) BTC fees to post monkey jpegs everywhere.
Having said that... there has also been some negativity about miner centralization, template centralization, and the fragility of US-based mining pools being pressured by governments.
There are also criticisms about privacy... since Wasabi and Whirlpool went offline (although alternatives are available for sure). KYC/AML is everywhere and it doesn't prevent crime... but it does harm privacy for MoE.
Then there are the Bitcoiners... who believe that unless hundreds of millions of people (who still have never heard of Bitcoin) can immediately and quickly open Lightning channels... that Lightning is a failed project. In other words... if lightning can't scale to hundreds of millions today right now then it is failed (which is of course silly).
Then you have the criticisms about the ETF-ization of Bitcoin... people need to hold their own keys, not buy ETFs if possible. Holding keys is the real deal... ETFs aren't really Bitcoin they are 'scarcity-exposure' without being able to send and receive.
Then on top of that... you have "traditional publications" like the financial times and bloomberg and so on and they don't get Bitcoin at all.
"What is the point of Monkey Pictures" they ask?
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plus MSTR and Saylor
too many bitcoiners view them as the enemy
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I have a different, non-traditional view of saylor. If you (the collective you) listened to saylor for hours and hours during the last bear market...
The guy is a complete maximalist and he knows what Bitcoin is - better money. But he has to be very careful about what he says.
Watch what he does not what he says. He has bought mega-amounts of Bitcoin personally, himself. And has staked his entire company's future on it too.
There is an old clip from a few years ago... where he talks about Bitcoiners having 'boating accidents' regularly but he doesn't say stuff like that any more even though he is the same person
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No, he is not a maximalist. He's a propaganda machine used by the masters behind him. If you still don't make that difference, it means you so easy to be manipulated.
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How much Bitcoin has he bought? A lot.
How much/how many ****coins? Zero
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0 sats \ 1 reply \ @DarthCoin 2h
He bought IOUs not bitcoin.
Please understand FFS and once and for all: Saylor is a trap for Bitcoin.
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This is the real Saylor:
good comment
I forgot to disclose I own shares of MSTR in my Roth IRA
I even convinced my cousin to buy btc and MSTR
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I went all-in last summer with my 401k to MSTR (at least as much as it would let me allocate) and it's been great.
Having said that I buy the real thing given the choice.
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summer of 23 or 24?
either way, nice job
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  1. thanks
After the ETFs came out... I sold some shares to put into the etf to reduce 'key-man' risk.
Whether that was a good idea or not I'm not sure I guess I'll know eventually
LOL have fun being Saylor bitch
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For your information (because obviously you don't know...)
There is no way to purchase real Bitcoin in a 401k. It's impossible.
If you really want it you will get. Those who made their bets on Bitcoin will take it all. The winner takes it all. I am new to lightning but as I explore all types of consumer wallets I am beginning to get the excitement all of you are getting by making use of it on a daily basis. Thank you SN for motivating me to try all types of lightning wallets. Now I beginning to think that I am an expert although I still have a long way to go to reach the level of mastery that is enough to get to the position of super genius level.
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21 sats \ 11 replies \ @freetx 13h
I think because I'm older, I have a much easier time staying positive.
For the Millennials and Gen Z's out there, there was a time 25 years ago when to even suggest that "gov money printing causes inflation" was never mentioned. Like people online would vehemently argue against you if you mentioned it.
Ron Paul was loudly booed for saying "just take the troops home" in the presidential debates. He was seen as a kook for suggesting people buy gold.
We've come such a long way in terms of mindset shift. Its frankly mind bending to me that we have major politicians saying "never sell your bitcoin", sure he is just sucking up for votes, but thats not the point, the point is that politicians understand that this is an issue they need to support us on, otherwise they won't be elected.
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By people online he means Reddit
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31 sats \ 8 replies \ @freetx 12h
So very true. r/economics (and well all of reddit) was started by Libertarians and was very Ron Paul focused.
Then the marxist hit and /r/economics was culturally cleansed over about a 3 month period. Literally all the original mods were removed and keynesians added in. The "long march thru the institutions..."
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Reddit generally speaking (even today) is very anti-Bitcoin. It is generally referred to a ponzi scheme, and big scam (LOL).
And no I'm not just talking about r/buttcoin
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28 sats \ 2 replies \ @freetx 5h
Well HN (hackernews), the prototype and founder of reddit, is also very anti-bitcoin. Its very amusing to me to see all those "technology lovers" have missed the biggest technology development in finance in a few centuries.
In general, Silicon Valley "startup culture" is a giant fiat / gov stooge endeavor. The only things that get funded are projects that promise an ever increasing way to siphon user data into the panopticon
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21 sats \ 1 reply \ @028559d218 5h
I feel like crypto and crypto-scams get 'lumped in' with legitimate Bitcoin education and use... and that's a reason for a lot of the confusion.
Yes there are a lot of anti-Bitcoin tech people. Having said that people who have been de-banked or faced personal adversity and/or repression understand Bitcoin much faster.
As far as user data... I'm amazed that worldcoin is a thing
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40 sats \ 0 replies \ @freetx 5h
I'm amazed that worldcoin is a thing
Yes, well quite tellingly Sam Altman was director of YCombinator for 4 or 5 years.....they have no problem funding shitcoin/nft scams....they just dislike bitcoin.
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When did the Marxists purge and takeover? 2012? 2016?
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208 sats \ 2 replies \ @freetx 6h
I would say earlier. subreddits were introduced in 2006 I think....and /r/economics was created in 2008. For the first year or so it was ok and then I would guess by 2009 or 2010 there was a big purge of the existing mods.
Suspiciously it times up with election of Obama. Worth noting that in 2007, the run up to the election, reddit was still at least 40-50% supportive of Ron Paul. Post election that changed dramatically.
All the big subreddits are completely controlled now. Even things like /r/linux are controlled. My last post on reddit was in 2020 during the pandemic, r/linux mods put up a sticky on top of page telling everyone to get vaccinated. I simply commented in that thread that said "this sticky on the homepage is off-topic and I think /r/linux should stay out of the vaccine debate". A mod banned me for saying that so I have never logged back in to my account (nor probably never will).
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10 sats \ 1 reply \ @Bell_curve 5h
suspicious timing with the election of Barry
can't be a coincidence
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one of my favorite X accounts is Reddit_Lies
For years, many have speculated that Democrat political candidates may be filling social media with fake posts to deceive the public and make their campaigns and causes seem more popular than they are. These claims have often been dismissed, citing that Democrat voters are already more likely to be on the internet compared to their not-as-tech-savvy Republican counterparts. This would suggest that the constant flood of left-leaning content on websites such as Reddit was merely a reflection of the userbase. However, many people simply couldn’t shake the feeling that something was just off, especially in the run up to major elections. Despite my fervent belief that something was amiss, I never had any direct proof that Democrats were actively manipulating social media.
That all changed two weeks ago, when X user @jessiprincey replied to one of my posts with a screenshot from a Discord server, seemingly related to the Harris-Walz campaign:
I immediately messaged Jess, and soon received a link to the Discord server where this operation was taking place. What I’d find there went far beyond algorithmic manipulation. I discovered massive “astroturfing” campaigns operating across multiple platforms. “Astroturfing” is a political and marketing term that describes creating swarms of coordinated and/or paid messages and posts to deceptively create the illusion of support from ordinary people. Essentially, “astroturfing” is the opposite of grassroots support.
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25 years ago when to even suggest that "gov money printing causes inflation" was never mentioned.
The Austrian theory of the business cycle has said this since the 1920s. Mises and Rothbard were onto it long before the Keynsians shut them off. The reason the Austrians got shut down is that Hayek, Mises student, thought it was a waste of time to debate Keynes about his economic theories because they were nonsensical according to the sound theories of that time. The only thing Keynes did was support the state and the money printers.
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Focusing on what "could" go wrong, never helps anyone.
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60 sats \ 1 reply \ @Bell_curve 4h
never say never
failure to prepare for worst case scenarios is a recipe for failure
to quote John Wooden: failing to prepare is preparing to fail
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Exactly. 💯
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Ordinals oh ordinals, lol
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This. The jpeg people are still paying like... 30$ to move like 1$ or less of Bitcoin on a regular basis. It makes no sense.
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I thought you wrote Boomerism lol
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Look at how many people take seriously what only a few people considered even 5 years ago.
Definitely wasn't in the space 5 years ago, but for me it wouldn't have been possible without the countless hours people have spent writing to educate and develop usable software.
When you are winning, the smart move is to double down on what made you win, not on any perceived weaknesses that most people don't care about.
This saying comes to mind.
percect is the enemy of good. --Voltaire
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