Oddbean new post about | logout
 What he said wasn’t dumb. If you were him you’d say the same thing. 
 To him sure, but to others it’s dumb. Subjective on your position. 
 Personally i think the whole put down on self sovereignty was unnecessary. 
 You know how many people are going to rek themselves without someone holding their hand?
He’s not talking about you. Or me. 
Do not underestimate how dumb most people really are. Including “bitcoiners”. 
 That’s also true I agree. 
 🤝 
 If YOU want NGU; what he said is 100% in your favor.   He’s drawing in the institutional money.  Look in the mirror & be honest with what you want. 
Once NGU, you will be free to do whatever you want.  Give it to charity & build houses for the poor.  Be my guest. 
 I do understand your point. I’ve got to a point in my Bitcoin journey where NGU is obviously fun but I want a World where we can spend sats not exchange sats for fiat then spend. That’s a World that’ll really benefit people 
 You will be looooooong dead & buried before that world is reality. 
Live in reality or you will go mad my friend. 
Fiat exchange is around for 100 more years minimum. And it will be rocky hiking.  Not easy.  Prepare accordingly. 
 Yep not an easy road 
 Wait till on/off ramps are true enemies. 
Protect your stack. Don’t sell. 
Also keep a fair amount of fiat tucked away so you can survive the “ramp wars”. 
 🤝