Oddbean new post about login | logout I do think there is a difference between a Bitcoin holder and a bitcoiner. I don't exactly know how to define it though. Probably the biggest one is a bitcoiner chooses Bitcoin as their money, whereas a holder just buys it as an investment? What does nostr think differentiates the two, if anything at all?
Bitcoin holder sells chairs Bitcoiner learns history of chairs and tries buy a beautiful one out of an artisan that has his workshop over a remote, almost unknown place
Bitcoiners want to see Bitcoin become transactional money. Holders hope Bitcoin will hit $1M, allowing them to cash out and easily become billionaires.
I’m already a trillionaire https://image.nostr.build/3b45a05a96498a2250ffacccede6bf34d9f799090a47c73a69f5315ac3363838.jpg
a bitcoiner has a certain set of ideals, is probably an austrian thinker when it comes to economics. probably has a higher IQ. bitcoiner doesn’t sell, they borrow fiat against their bitcoin bitcoin holder is an invester. bitcoin holder only cares about number go up. bitcoin holder sells bitcoin to “rebalance” their portfolio. bitcoin holder sells their bitcoin to the bitcoiner
A holder wants more dollars, a Bitcoiner wants purchasing power.
A bitcoiner wants to participate in the bitcoin economy whether that’s through using bitcoin for transactions, running a node, mining, dev work, etc, and is interested in continuously learning more about bitcoin. A bitcoin holder just wants number go up
The way I see it as bitcoin hodler is just someone who does just that. buys and holds amd not much else. They see it as a passive investment. A bitcoiner uses their bitcoin as money, is involved in the community, orange pills, builds, or at least furthers the cause in sone way. A bitcoiner is a hodler who's also more actively involved in the ecosystem.
The difference is the same between someone who rides their bike and a cyclist™ wearing lycra.
🤣
A simple hodler is a bitcoiner who didn't make it.
I only define gradients by their bookends. I think you can say there is a gradient from No-coiner <-> Bitcoiner, but where you lie probably has more to do with the relative comparison between people on the spectrum rather than any given individual in a vacuum. Like when grey looks white when its on a darker grey, etc.
Maybe a Bitcoiner can be defined as the one who takes the proof of work out of the math, and incorporates it to all aspects of their lives.
Do you run a node? Do you mine?
A holder is one that as you say, views it as an investment. A bitcoiner is one that tries to apply the bitcoin ethos to everything in his life besides just owning bitcoin AND spending it: Have control of your money, have control of your data, live and work to be self-reliant, as this is true freedom. Try to be a better person every day and project this to the next generation. A bitcoiner doesn't give into the material things in life and gets lost in that, but rather sees beyond that and appreciates the good things in life, starting with family.
A bitcoiner buy/sell stuffs with btc & stack more sats, run a node or mine, buy/sell P2P no-KYC, educ & help people around him. A bitcoin holder buy bitcoin, he doesn't care if it's KYC and custodial. Sell in fiat for profit or when their pants smell.
There is no difference. Some people chose to save (aka hodl) and that is a perfectly valid use of money and in fact is essential for raising purchasing power. Spend when you want/need to of course, but saving should be praised not looked down on. With bitcoin, spending can only happen after saving (hodling). This is the key difference between bitcoin and fiat.
Totally agree there's a difference! A Bitcoiner really lives and breathes it, using Bitcoin day to day, while a holder just sees it like any other asset. It's like the difference between just holding a hammer and actually being a carpenter. Curious to see what others think too!
A bitcoiner knows bitcoin is a fix for at least one major thing in the world. A bitcoin holder may or may not simply want more future fiat and uses bitcoin to that end. They are both incentivised to hold it but the bitcoiners have *more* reasons to do so than mere holders.
It’s very easy; it’s internal. Ask a bitcoiner if they’re a bitcoiner…they’ll say yes but give you some long response about how they could learn more. Ask a holder; you’ll get a blank stare.
