Oddbean new post about login | logout One thing that makes me sad this cycle is how many average people we didn't reach in time. The "then they fight you" stage didn't last long enough and now our enemies are joining us before our friends. I fear, as always, that the average person will be stuck fighting over scraps of sats while the rich, the corporations and the governments will gobble up all the coins using the money printer. Bitcoin has clearly succeeded, but perhaps this is a failure for us as a community
Generally speaking, the mostly tech-savy people who make up the bitcoin community aren't good marketers. They're just two completely different skill-sets. Just as devs aren't typically also great designers. Perhaps we need to bring people adept at marketing to design a promotional campaign that effectively reaches the wider audience bitcoin needs to really take off.
I don’t think so. It still feels extremely early. There is still plenty of time for people to get in the lifeboats.
I think they have like 6 months max
I think some of it depends on how bullish you are long term, getting half a coin may be enough for a lot of people
Trickle down effects as well. BTC is Pac-Man. It’s eating everything. In the end, that will benefit all. Deflation is real with sound money. Mr. Jeff Booth taught me that.
Your resident nostr btc pad man approves this message https://media4.giphy.com/media/gYWeVOiMmbg3kzCTq5/giphy.gif
AINT NOBODY GETTING HALF COINS EVEN AT CURRENT PRICES, CHECK YOUR FINANCIAL PRIVILEGE SIR
what privilege, I come from an immigrant poor as hell family lol do I believe a person can earn half a bitcoin by working hard over the next four years yes, yes I do 😁
🤔🧐🤔 Just running some 4 year projected back of the napkin math here annnnnnnnnnnnnd. Nope. 👎 You damn privileged Cubans & your sunny weather & excess cash. 💰
https://m.primal.net/MiPh.gif
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whoa hockey bucks is that u
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I thought you had a helicopter
I do. But I’m not black.
oh, makes sense, my bad
Bruh - why so bearish?
This non-zappable anon has a point. 👆
@dimi you aren't zappable? 🤔
In my personal life I got 4 people in my close circle to stack sats. And an ex gf. All key hodling chads. I know that my brother (who I orange pilled) got his best friend and wife stacking and he is their uncle Jim. Another one of my friends actually found Bitcoin on his own during a time we didn’t talk for a year. Major relief to have a good percentage of the people closest to me with some nice UTXOs and a basic understanding of Bitcoin. We’re going to make it.
The question is..... Can they hold their stack and not spend it all. Would Corps fat and happy on Fiat be able to adapt to a Bitcoin standard?
It’s a pricing issue. Shitcoins “cheap”, bitcoin expensive. If corn was listed in sats, it would be bought up. But people may still compare to 1 bitcoin price :(
We are back to good old fashioned saving where even “the poor” will get ahead down the road because their savings can’t be debased. Working hard and setting anything aside will be rewarded later in life. This alone is something to be happy about.
Yes and most governments/large corporations will waste their bitcoin quite quickly.
It’ll be wasted on green energy, electric infrastructure, or some other useless undertaking that will return capital to the rest of society because they won’t be able to borrow their way out. Very few organizations actually have any clue how to allocate capital correctly.
Nah, it's the way it always has been and always will be I'm afraid. There are many countries apart from the U.S. though that are still in the "then they fight you" stage.
In the future they will have to work for sats like they do now for fiat, but they will not be rugged if they hold the keys and they will be able to save.
On the other hand, the people in charge will still be the ones that want to keep everyone enslaved for a big march to global extinction.
I tried and had a few takers, but most didn't bite. I wish I was able to convince more, but I gave it a good try. Maybe time will improve the results. We'll see...
For anyone trying to orange pill their friends I put together a basic starter kit here [1]. Some people like to have a set of notes and links to refer to at the start. 1. https://github.com/machuPikacchuBTC/bitcoin
it’s a different voluntary, incentive system many people don’t grant themselves the ability to voluntarily reason and outsource that to corporations, governments, etc. so - by choice - they would/will only move systems when guided by their chosen thought leaders if their current incentive system is leading them astray then it is never too late switch
I have this same feeling. But I think that the world is a a better place when bitcoin replaces all the assets in the world, because it would still grow in value per yearly global GDP. So even as late as you can buy in everything still gets 7% cheaper every year instead of 50% cheaper like buying stats now. Plus assets people need to buy like houses will come down even in fiat measurements if most of the money leaves that asset class for Bitcoin. My bigger concern is people getting whichever money rugged from using bad custodians. For me being able to self custody bitcoin is its greatest attribute, with NGU second.
Everyone gets bitcoin at the price they deserve, and what's going on now doesn't change that one bit. Also, the "Blackrocks of the world" buying bitcoin doesn't mean that "Blackrock the entity" would own all that corn. They buy it for their customers, many of whom are - at the end of the day - the average people you talk about. Those average people can later sell their "Blackrock wrapped bitcoin" (even if they do so at a premium) and buy real bitcoin, at least assuming that the legal contracts hold.
I agree. But Normies gonna norm.
I agree with this but, no free money in a bitcoin world means the leaches who get theirs by printing fiat are on borrowed time. Their stack will always shrink unless they start contributing to society. nostr:nevent1qqsp38f5t7w33vc6gd29pj8eel7awch5g2445d2jn8vmhvawhtw7ahgpz9mhxue69uhkummnw3ezuamfdejj7q3qutx00neqgqln72j22kej3ux7803c2k986henvvha4thuwfkper4sxpqqqqqqzv402pl
I was also really hoping for more normie adoption before cantillionaire acquisition. nostr:nevent1qqsp38f5t7w33vc6gd29pj8eel7awch5g2445d2jn8vmhvawhtw7ahgpr9mhxue69uhhyetvv9ujuur0wd6x2u3wwpkxzcm99upzpckv7l8jqspl8u4y54dn9rcduwlrs4v2040nxce0m2h0cunvrj8tqvzqqqqqqyx858ws
If you weren’t orange pilled by Covid, I don’t think you will ever dive into the rabbit whole. Sheep will be sheep
I believe our enemies are not capable of retaining their sats in the long run. They do not know how to build or work. They only know how to shuffle, concentrate and rehypothecate. Bitcoin is a natural distributor of wealth when medium of exchange status is achieved. Long time horizons. https://echdel.npub.pro/post/bitcoin-nashville-2024-and-zechariah-s-flying-scroll-sp0sb8/
The, then they fight you, stage lasted about ten years.
I have read many people saying the same thing. Riches will get most of the coins. But I don't think Bitcoin is about a fair distribution. I think BTC is about purchase power, it's about inflation, it's about sovereignty, it's about ownership, it's about a frugal life, it's about energy consciousness and many other aspects... Bad actors, greedy countries and institutions will always be there trying to put their hands in lots of money, whatever money they can... Bitcoin is supposed to detach money from State but it cannot prevent state from accumulating it... I see bad people not getting good because of Bitcoin. I see Bitcoin solving a lot of problems, but it cannot solve all of them
I agree bitcoin isn’t about a fair distribution. It’s about fair money as you described. It leaves open the question of how you solve for the **extreme** inequality our human systems tend toward.
