Oddbean new post about login | logout Bitcoiners cheering for Trump. Bitcoiners cheering for Saylor. Bitcoiners cheering for ETFs. Bitcoiners cheering for Bitkey. … Some people here are either becoming increasingly stupid or decreasingly #bitcoin and it shows.
If being a bitcoiner means being responsible for maintaining the code, or even being some relevant person in Bitcoin education, then I agree with you. However, if being a bitcoiner simply means to use Bitcoin, then we must always think that Bitcoin is for everyone in the first place. To be honest, this is no black and white question, and I tend to think the first way, but always try to force myself to think the second way.
I see it from the other direction... everyone goes through a learning phase, gradually shedding their fiat brained logic. Normies are becoming increasingly bitcoin.
I hope you're right, and for some individuals you certainly are, but at scale I don't think it's going to work because bitcoin is being bought faster than it's being understood and the growth rate is exponential. We'll end up with a lot of bitcoiners who aren't really bitcoiners. Also, bitcoin may wake people up, but it won't make them smart. At least not in the short term. Tl;dr unfortunately no
I'm hopeful but it's certainly an uphill battle. Good point on Bitcoin being bought faster than it's being understood. That's my primary reasoning for why we are seeing more idol worship now than before. I think we are well down that path of having a lot of bitcoiners who aren't really bitcoiners. We'll save who we can and the rest can HFSP I guess.
Aren't really bitcoiners... The problem with bitcoin is, people can do whatever they want with it without asking for permission. The nice thing about the 51% attack is, it only applies to network control, not unit control. But I hear these concerns a lot. I guess I'm curious what your vision of the danger these people represent is. Are we talking potential for fractional reserve, or something else?