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Kick-starting #Bitcoin #SkepticismSundays 😎

One of the things that showed me the intellectual honesty of the Monero community and helped to force the community to stay grounded in reality and always laser focused on their core ethos was their weekly "Skepticism Sunday" Reddit threads. These threads allowed the community to come together, ask hard and skeptical questions about the design of Monero, the privacy provided, the economic approach, and much more.

In my time in Bitcoin I've never seen anything similar, but the nuanced and high-signal crowd on Nostr seems like a perfect fit to fire things up and see how it goes.

The goal of this thread (which I'll post weekly on Sunday's) is for discussing the uncertainties, shortcomings, and concerns some may have about Bitcoin.

NOT the positive aspects of it.

Discussing things with a critical thinking approach and level-headed discussion helps us learn where Bitcoin and it's community can improve and go from there.

I know this is late on Sunday, will post earlier next week but would love to hear y'all's thoughts on the concept or skepticism 🙂

sommerfeld 2y ago

Hyperbitcoinization is not a sure thing. Good ideas don't always succeed. If most people are not willing to take personal responsibility and self custody, they will always opt for "State" security over sovereignty. Even if the fiat State collapses, they will just comply with whoever else takes power by force after that.

I'll save my other skepticisms for the next threads.

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Discussion

Seth For Privacy 2y ago

🔥

I'm one of the (seemingly) few who don't think this hyperbitcoinization ideal will ever come to fruition.

I also worry that if it did the societal collapse necessary in between would be far worse than people imagine and lead to untold suffering globally. One of the reasons I lean much more cryptoanarchist.

Hamlin 2y ago

I'm not so sure it's a question of 'what people choose' as a question of where the majority of wealth and assets run to when Bitcoin becomes the only lifeboat that floats..

Once this happens, I don't see a way back to dirty fiat.