Subnostr

#GM #Bitcoin #Crypto

From a conversation I had with a crypto inclined friend:

I know the "Bitcoin is different" argument can land on deaf ears because it sounds tribalist and not inclusive. But the reality is, that Bitcoin follows a lineage of freedom fighting cryptographers who's cause is greater than the individual.

Crypto is the venture capital /capitalistic world that is enriching the few at the cost of the many. To them, "Blockchain" is just a buzzword, like "AI" and "Quantum Computing", that will attract the flow of money towards them.

What's the core difference between these two camps? Values.

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Discussion

Ryan Wilkins 1y ago

I hadn’t really thought of it this way. Yes, I know Bitcoin is different and not out for the benefit of the privileged few, but I don’t think I would have explained it this way.

The thing about buzzwords is spot on, I think. I was just talking about AI and SDN (software defined networking) as buzzwords the other day with someone. It makes a lot of sense that Bitcoin outsiders would see Bitcoin as a buzzword and, thus, not take it seriously.

I’ve been championing Bitcoin lately to friends and family, and many probably think I’ve gone off the rails. One called it a Ponzi scheme. Another called it vaporware. This seems to be a common theme that I’ve heard from others pushing Bitcoin. Most importantly, though, my wife seems to be coming around to Bitcoin.