BITCOIN IS DEAD
Many will think this just because gold and silver are skyrocketing while the price of bitcoin is “dead.” Many will say that bitcoin failed the “inflation hedge” test or that it is not a “safe haven” and other such nonsense.
At some other point I might have agreed, but let me tell you why I don't, and why I think what's happening is good for Bitcoin.
(1) Obviously, bankers are attacking Bitcoin from the public perception and its price behavior (which they can manipulate in the short term) and are going to leverage on that. Since they can't manipulate the protocol itself, they manipulate the price (they're experts at that) and public opinion through narratives (they're experts at that too). Since Saylor and the ETFs started, the main narrative pushing bitcoin has become increasingly gay and retarded. Idolatry, getrichquick, Wall Street scams, state lovers, TRUMP SUPPORTERS? WHAT THE ACTUAL FUCK. Please, let's get back to basics.
(2) We (most Nostr users I assume) are clear that we don't want tourists, we don't want (moon) buyers who come in on the vertical hype and then bring a horrible bear market by selling their valuable sats for less dollars than they bought them for because they listened to some idiot on the other side of a screen.
(3) This “cycle” is not seen like others, and that is not necessarily a bad thing. Those of us who are here know why we are here. Whenever we can, we accumulate more subsidized sats in the form of UTXOs and send them directly to our wallets, knowing the value of the economic freedom we acquire. A large part of the ETHOS is low time preference and patience. While we focus on our craft, we save for a better future. This is embodying the teachings of Austrian economics. We already know what is going to happen; what we don't know is when or how exactly.
(4) Many people have a perception that there are millions of bitcoin users around the world, based on weak assumptions. The reality is that the actual number of bitcoiners (not people who just own bitcoin) is much lower than most people think. I think Nostr is great proof of this. How many active users are there really? It's logical that a large proportion are bitcoiners, but both are far from being massive, and that's okay!
The size of the movement (cypherpunk/bitcoiner) may seem small and hopeless to many, but only if you don't understand that most of the major changes in history were driven by an extremely small group of active individuals. The reality is that most people (+95%) are reactionary, and some of they may join in later, but they don't drive the origins of change.
This is simply a slap in the face of reality for many, so that they stop waiting for the things that “have to happen” to happen and get off their asses to make them happen. Change starts with ourselves, our place, and our surroundings, and in that way it will escalate organically as it needs to escalate.
We don't need any leaders or bureaucrats to “help” us and define the path; we trust our own ingenuity and ideas and execute them. The greatest danger is that we hand over this monumental network to a bunch of bureaucrats and brats who won't know how to use it properly.
Draw the line when you have to, don't be afraid to defend your convictions, fight for what you believe in, build whatever is necessary...
What do you think about my points? I'll like to know.
