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I'm not trying to be a jerk... I just want to get to the heart of the issue.

If Bitcoiners and Bitcoin companies persistently don't want to spend much (if any) of their bitcoin to help pay for large conferences--but crypto companies generally do--maybe there is a lesson to learned.

What is the value-for-value proposition?

I think that Bitcoiners and Bitcoin companies are probably better served by supporting new and improved Bitcoin infrastructure... as a genuine (and better) alternative to the existing fiat-based monetary and financial system.

Meanwhile, since proof of stake (PoS) crypto is simply an extension of the existing PoS fiat system, it is likely best served by marketing to the largest players, politicians, and honeypots within the existing fiat system.

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Discussion

John 7mo ago

Bitcoin does not solve the desire for get rich quick/easy money that these guys "sell" to their customers

I don't think any tech can solve that

Sponsoring events is just part of their customer acquisition costs

nicodemus 7mo ago

Or, alternatively, bitcoiners need to find/build cheaper, more efficient versions of conferences/meetups.

I am having a hard time trying to justify most of any conference’s existence outside of two goals:

1. Advertising

2. Networking (see 1)

And I think most bitcoiners don’t see a lot of value in paying to experience this when so much of it already happens on the internet for effectively free. Just a much higher rate of return.

royster⚡️ 7mo ago

Marketing is all the shitcoiners have so yea they’ll always be more inclined to splash some cash on a circus

Coleman 7mo ago

I think the biggest hindrance to bitcoiner's and bitcoin companies spending their bitcoin is the tax implications.

Most do not live on a bitcoin standard (I think nostr:nprofile1qqsvn0dkjt80raqrxd470c98n7zrdehmcvj6p5hgw3kyku6zyd8z0fqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakquw0j5p does an amazing job at allowing bitcoiners to live on a bitcoin standard) and do not want to deal woth reporting or get caught not reporting.

The best thing for bitcoin adoption is not the SBR, it is favorable tax rules.

Adam 7mo ago

I second the tax implications. Bitcoiners will say you shouldn't seek permission from the state to transact, but the IRS will certainly make an example of you if they can. Lightning definitely helps.

Paul 7mo ago

Bitcoin being decentralized makes it hard to market/advertise bitcoin values. Bitcoiners should be more willing to pool money to do this. If there was consistent bitcoin messaging outside of the bitcoin community bubble, it would help make shitcoin advertising less effective.

BITNORM 7mo ago 💬 1

I remember nostr:nprofile1qqsp4lsvwn3aw7zwh2f6tcl6249xa6cpj2x3yuu6azaysvncdqywxmgpzpmhxue69uhkummnw3ezuamfdejsz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcmp5jrs saying on a podcast that if you have less than 3 bitcoin you’re better off skipping conferences to stack more. I was no where near that when I went to BitBlockBoom one year but glad I got the experience to meet cool bitcoiners. Although it made me realize conferences in general are not my thing 😂

xiangcai 7mo ago

so it's generally not worth the time and fiat to go there?

Narwhal Tacos 7mo ago

Comment:

If you didn’t Speak,

Would You go to a Conference?

Bangarangg 7mo ago

Seems to be working. Even Saylor seems to be drinking the coolaid on "unity" with alt coins.

https://blossom.primal.net/0317a4f92a60296378489446b4e6e5bdd7f42a3567157bfc1b880867091ebfb4.mp4

Linzzz 7mo ago

I was at the 2023 conference in Miami... I have to say that while I enjoyed the experience, as far as value goes, I'd rather see more money going to Devs and virtual conferences - leave networking to local meetups and orange pill app. More user friendly UX and more utility is key in the long run, and a virtual conference has all of the information and none of the scam-party vibe at a much lower cost.

Cardinal 7mo ago

I was there too. Probably the last conference with a decent serious people to reckless people ratio.

Cardinal 7mo ago

I think it ultimately comes down to time preference. Real bitcoiners want their money to go towards making the future better.