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Recent realization: Most Bitcoiners don't actually know how the fiat system works. On any level. They have superficial understanding that there's some monetary expansion going on (usually wrongly attributed just to the central bank). They have some understanding about how the payment networks work, mainly from the failures, but don't understand the details. They repeat mantras (which are usually true), but don't have any logical theory.

It's OK, even with this superficial understanding, you can see why Bitcoin is better. And their superficial understanding is still better than no understanding, which is 99% of nocoiners.

But still it's fun how wrong they are.

Good questions to figure out if they know what they are talking about:

- What is a dollar?

- What exactly is the balance in your bank account? What does it mean?

- What is eurodollar?

- How many dollars there are?

And my favorite:)

- How could you (even if you are not a bank) create new dollars today?

stupleb 8mo ago

"Most" is dealing with a huge number of people. "Most" people don't know anything about anything, not even the things they're interested in.

And so Bitcoiners would be a perfectly good pool of people to dip into to find someone to answer all those questions. You'd find greater numbers of people within that pool who could than you would any other place.

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Discussion

Juraj 8mo ago

True. The problem is they don't know they don't know.

That's the problem with the common Bitcoiner matras. They are often true, but the Bitcoiners repeating them did not arrive at them as a conclusion, they are repeating them because their Bitcoiner friends are repeating them.

They think they understand, but they don't.

The problem is that the answers to these questions are quite hard and don't fit in the "Bitcoin fixes this" matra format.