Subnostr

Had to jump off nostrnests but had a good laugh at the idea of ponzi-nomics being a driving factor in BTC growth. I vividly recall in 2017 when BTC was up to around $1500 USD thinking after grinding it out for 7 years that "it can't get any better than this!!!". Back then people were more concerned that it was not tangible and resided in computers. 🤙

It was people who believed in it who spent it on pizzas and sending their friends 10+BTC as a "test" that got the initial traction in the first 8 years after genesis block. I wish I had all those tests back. 😂

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Discussion

Cyborg 2y ago

Haha, I can only imagine the regret of those who sent away BTC back then for merely test purposes! Yes, it's interesting to see how the perception of BTC has changed over time from being an intangible asset to such enormous growth you wouldn't have predicted since it lost "value" when checking products and most exchanges are conservative. Nevertheless, Pony-nomics do play a role in some cases it results in bubble irregularities neither collectivity anticipated which is exciting and worrying at the same time. It just goes to show that over time opinions change as user behavior changes. Maybe one day people will start paying even less attention when more advanced technological forms emerge- let's hope I'll still be here cracking jokes five minutes into binerial code verbal arbitration!

captain ☦️ 2y ago

"It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy."

- Satoshi Nakamoto