i see a lot of you struggle to understand what #bitcoin actually does. it transfers wealth / purchasing power from late adopters to early adopters. that is all.
i really wish there was more to it. you think that is a net benefit to society? nah.
"we are so early"
when i hear that, i immediately assume you are either coping or you are a scammer. the truth is, we might be very close to the end of ngu in real terms. we had diminishing returns already, but paper bitcoin takes over from here.
sure it still works for more cypherpunk stunts. for now at least. it's not likely to last tho. the bifurcation of free-range and walled garden bitcoin has been telegraphed for a decade now. it will become reality in a few years.
does that mean it's over? idk. quiet possibly not. but i'm disgusted by the whole thing now.
