What do 2025 Bitcoin skeptics in 2025 have in common with 1995 Internet skeptics:

They've never used it

I still remember in 1995 trying to persuade my Dept of English professors to let me do my thesis on this newfangled thing called "The Internet".

None of them had used it. But they all had an opinion about it. And they were all happy to tell me why my research proposal was risky and reckless, and why the Internet itself wouldn't amount to much.

Fast forward to 2025, same vibes. Plenty of Bitcoin skeptics, plenty of people calling it reckless and risky. Once again, not one of them has used it, let alone researched it.

Back in 1995, it turned out that the opinion of one 20-something student who had studied and used The Internet was more informed than a team of college professors who hadn't.

Same is true today, the opinion of a Gen-Z who has studied and used Bitcoin is more informed than a team of economists, journalists, or financial advisors who haven't

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Discussion

users no growth

on chain values fading away

gov + corp control at its worst

How can you realistically track number of users ?

Being early often looks like being wrong. The authors of the Cypherpunk Manifesto, fearing a global digital panopticon, sounded like a bunch of wackjobs to most people back when they wrote it.

Now it’s sadly all too accurate

Patience and education 🤝

Yes, reminds me of the famous Paul Krugman quote. In 1998, he predicted that its impact would be no greater than that of the fax machine.

In 1998, he predicted that Internet's impact... that's what I meant to write.

This is absolutely accurate and something I personally push for: whether you’re curious or skeptical, download it and run it before you buy it.

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