we all started as monetary maximalists. some stayed, others drifted.

Reply to this note

Please Login to reply.

Discussion

The fiat gainz offered to Core Devs and Frens shows why we need a neuteral momey.

some of them don’t even own bitcoin, so not sure where the fiat gains are coming from 🀣

Unwavering monetary maximalist here 🫑

Yep. Some confused a monetary revolution for a technological revolution; completely misunderstanding that Bitcoin was a monetary winner-take-all protocol, not a β€œtechnology” to try and be improved.

Play that out for 10 years and the result is the lobotomized idea of β€œcrypto” that most people hold today.

Given the capital destruction that would occur if they admitted they got it wrong, it’s clear that β€œcrypto” is going to cycle through narrative after narrative to keep the charade going and eventually die with a whimper.