reply on: Any traders who are also Bitcoin Maxis? \ stacker news ~bitcoin

pull down to refresh

25 sats \ 1 reply \ @dtonon 18 Oct 2022 \ on: Any traders who are also Bitcoin Maxis? bitcoin

In the meantime I'm thinking what to answer :)

0 sats \ 0 replies \ @ek OP 18 Oct 2022

I don't agree with the critic that Anthony Pompliano removed his laser eyes:

As Anthony Pompliano wrote in a recent issue of “The Pomp Letter”:

“The truth is that it is really hard to be an independent person who thinks critically if your identity is tied to a financial asset. How can you seriously evaluate an asset if you have it in your bio? Are you really willing to change your mind if you receive new information if your entire identity is tied to something? Maybe. But it definitely makes it harder. As I told a friend months ago, it is hard to see with laser eyes on.”

The whole point of Bitcoin Maximalism is you do not change your mind because you recognize Bitcoin as a zero-to-one invention. Toxic Bitcoin Maximalists wear their laser eyes because they know there is no way to further decentralization by any means other than proof-of-work bitcoin. While it can be worthwhile to learn how proof-of-stake ether and other tokens form consensus, it can’t be ignored that they are fatally flawed compared to bitcoin. There won’t be another bootstrapped, decentralized blockchain that can serve as a money for the world, ever! Pomp said it is “hard to see with laser eyes on,” but it seems like he may see greater value pushing mattresses onto his followers instead of promoting Bitcoin!

This is what makes us all look like a cult; being so convinced about something you can't see anything else anymore. Overconfidence is a slow and insidious killer. One could argue that this does not help to spread Bitcoin since it makes many people unnecessary skeptical if we don't sound like we are open for discussion since we already made up our minds. Which is indeed the case (we indeed made up our minds already) but it's important to still be open for discussion; how paradoxically this may sound.

But I guess not being open about discussion is also part of the definition of being a (toxic) Bitcoin Maxi. So in that sense, the critic is reasonable. And I can also understand that it's hard not too be "overconfident" on Bitcoin.

But I think it is also good to take a break sometimes from it and think about other things and come back refreshed and even "more convinced" (if that's possible).

Interesting topic nonetheless. I don't know if I would consider myself to be a Bitcoin Maxi. A toxic one definitely not. Guess I don't care enough about my fellow people so much that I would be toxic af to them if they dabble in shitcoins, lol.

My take on that is: Everyone needs to learn their lessons on their own.