Warning: reading this note may be a complete waste of your time
Devs who stick with bitcoin, especially bitcoin only, are scarce. HUGE respect
But why are they so scarce? I’m regarded but i’ll give it my two penises. Bitcoin’s orders-of-magnitude price gains haven’t been melting faces like they used to, for a while now. Covid crash to 69k was big but it’s seen much bigger
These devs aren’t new to bitcoin, generally speaking. They’re “OGs” if you will. The fact that some haven’t disappeared into the aether with their fatty gains is highly commendable. Perhaps part of it is that they want to promote future success of the system responsible for their current wealth. Understandable, i’ll take it. Perhaps some simply didn’t hold their OG sats all this time and want to recover somewhat in terms of stackheight. Also fair
“Crypto” seems like where the big money is for devs. VCs are fucking degens at the end of the day, and so are the “crypto” crowd. So this is understandable too
Anyway, i sometimes think about “lost geniuses” - kids who grew up un some poverty stricken village in latin america or africa or anywhere really. Could even be in the US. Incredible potential laid to waste ultimately due in large part to the fiat standard and all it entails. Surely some never make it past childhood due to the hardships they were born into. It hurts one’s soul to imagine
I think a similar thing happens as a major “first-world” problem. Super talented coders and thinkers, claimed by the ever-tantalizing idea of financial security amidst a fucked up fiat world, to help some fucking dolt with a monkey ipeg instead of… the entire world
It’s like lost geniuses on steroids. Sure maybe they’re putting their talents to use, but for what? The societal opportunity cost of this incentive structure, in my view, is insane. I mean, human freedom is on the line here, everywhere. But what can you do. We’ll see what happens i guess
