lol

that's your retort?

bitcoin in custody of someone else, or entity, is an IOU

non-KYC is a meme

all bitcoin is non-KYC

Reply to this note

Please Login to reply.

Discussion

It wasn't a retort it was a question.

So you're saying that even people who don't self-custody are considered bitcoiners in your view?

bitcoiners in the sense that they've taken the first step. same as someone who's mismanaged or lost their keys

where it goes from there?

perhaps they get burned and never return 🤷‍♂️

or they learn and push forward

everyone has their own trust level

and if you acquire enough bitcoin

perhaps it'll matter to you how you store it

bitcoin will eventually appeal to everyone

And what about those who buy bitcoin stocks and ETFs? Do you think they're bitcoiners as well?

People who submit to KYC, people who leave their bitcoin on exchanges and people who buy paper bitcoin in all its forms really don't understand bitcoin.

If you're one of those people, don't get mad at me, it's the truth.

perhaps that's the path it takes for discovery

discovery paths are all going to be different

I don't really like the saying

everybody gets bitcoin at the price they deserve

but there is a lot of truth to it

when you discover it

you don't have to understand it

that's the beauty of it

ot eventually will eat everything

If you don't understand it, you might as well be buying shitcoins too.

If you don't understand it, you can't tell what makes it great.

If you don't understand it, then why would you buy it in the first place? I'll answer this one: it's because you see it as an investment with an ultimate goal of being fiat rich.

of course

and thats the beginning of that persons journey

where it goes?

i suggest this listen

they have a civilized convo about it

https://fountain.fm/episode/aKOSvSQPlA1lijAMz8ZB

Portnoy still doesn’t get it and never will imo

agreed, but that's exactly the point

most people fall into this category

so it a good discussion, IMO and worth a listen

it's probably why Jack had him on

to highlight the challenge facing us