Kind of how it’s always been, no?

Maybe in the early days when it was just cryptopunks

But since 2017 the space has been rife with speculators just looking for a quick buck, last cycle was much worse too

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πŸ’― my only criticism of the OP would be the comparison year might have to be 2012 or 2016

The sad part is the % of Sovereign Bitcoiners keeps hitting All-time-lows, everytime the price hits ATHs.

What would qualify to you as a Sovereign Bitcoiner? I feel like this is more than just a fellow with a self-custodial wallet. Not trying to start a hell thread just curious what that phrase means to you.

First and foremost is acquiring and using Bitcoin without explictly tying it to your government issued identity. Beyond that I guess there will be varying definitions and nuance.

That means they never were to begin with

The % gets lower from the fact that new Bitcoiners aren't Sovereign at the same rate as in the past and also some amount of Sovereign Bitcoiners become black pilled Sovereign Monero Users. The Sovereign people don't often become less Sovereign.

had exactly the same thought.

seems like that changed a lot longer ago than 2020.