Replying to Avatar Joe Nakamoto

So my friends in lisbon who were very and extremely early to ETH are all full send into memecoins.

It’s kinda sad and sobering talking to them as the vibe is glib.

But then I remember they throw the lavish parties and live in villas with pools, expensive art and cleaners. lol.

Anyway. Their initial hope and belief that ethereum might actually provide some financial innovation or help, for example, millennials get a home with some clever on chain mortgage have evaporated.

There’s now Revolut, Wise, Monzo all sorts of neobanking solutions and the stuff they tried on ethereum doesn’t work as well nor have the traction of incumbent solutions.

The idealistic devs are now worn out and jaded. The ones remaining are now trying to secure the bag…Hence meme coins.

They’re a bit older than me, 33 to 41 ish and some of them are chatting kids.

So the focus is now: how we can 100x “popcoin” or some other meme junk so they can buy a restaurant and live quietly in Portugal.

They know it’s all scam bag pumping scheme and there’s a meme coin cabal running the meme space but they don’t care.

Secure the bag and GTFO is the play.

They’re wicked smart it feels a waste of talent.

And no, despite my best attempts they don’t understand bitcoin.

Two of them were hedgies before ethereum. The other two are hardcore devs from Germany who spent time in Silicon Valley.

I guess they’ve been comparatively rich for at least a decade and they don’t really see the separation of money and state part.

It’s sad and a bit funny.

I wish they’d see the orange light but part of me resents the shite they’ve peddled for years.

Ramble over.

Have a good evening Nostr ✌🏻

This is such a mingboggling fact

The other day I was with my good friend who works for the french government. In the cyber security. I ve been trying to orange pill him for years but he won't make the effort.

So we were in my car and I start telling him about economics and how it is a normal economic function to expect something in return.

He was bragging about saying no to his bank as they harass him to open an investment account. Thzt it was his little joy to tell them to fuck off because he dont want people to make money out of pure money simply sitting somewhere.

He doesnt understand simple interest rates and why they are necessary. He says he does not care about finance and that bitcoin is just speculation and energy waste.

He has this utopist way of thinking. People should share and give everything freely. He says pow is wasteful and that we should find a better way for exchanging. He could hack anything but cannot hack the money problem 😀

I ont give up. One day he will store his wealth in bitcoin, not because it is fruitful. But because it is the right thing to do if you wanna live in a world where sharing is easier and sobriety is THE way of life

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Discussion

For me what truly clicked was the everybody saving in Bitcoin idea.

Basically Bitcoin allows for the first time the poorest people in the world benefit from insider trade information on the richest people in the world.

It's in essence the best social security anyone can get, especially in poorer countries.

Maybe this position could help.

But hey, like you said, he will eventually use it anyways :)

The public ledger is often overseen but if it is the thing that made it click for you i 1m glad to have you here ;)

A selfless approach luv it !