Oh yeah. BTC/ETFers don't run nodes.

Reply to this note

Please Login to reply.

Discussion

I don’t understand what you’re saying. How do nodes come into this discussion? I’m talking about the feelings experienced by someone you just talked into buying BTC as they watch the price drop.

My theory is people who don't understand the protocol well enough to run a node panic. That's why I think education is important.

99.99% of eventual BTC owners will no little to nothing about the protocol.

Yeah. I know. Even most bitcoiners don't run a node. Therefore most people use the old system to determine the value of the new system. That's why I don't think we will ever see the so-called supercycle.

I was totally wrong on this one. I didn't know the stock market crashed too. This is one of those things. Oops.