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The big problem with the lack of retention of newbies in Bitcoin is that people teach incorrectly and prefer that people come into the ecosystem regardless of the form and for the wrong reasons (NGU).

This is because Bitcoin is freedom money, and it's about separating money from the state. Bitcoin was created so that there's no need for financial institutions, but people prefer to teach using financial institutions to make it 'easier' to get started, and all that's left is to teach that the number will go up.

People talk about separating money and the state, but they celebrate ETFs and politicians who talk about Bitcoin as if that's a victory. You'll regret it so much when you see that what you're teaching will be used against the ecosystem!

kepford 1y ago

I'm curious. Do you have first hand experience with this?

* If so are the people you see (in person) being introduced to bitcoin value freedom and autonomy to the same degree as you?

* Are they skeptical of political and financial orthodoxy?

* Do they question the status quo in any other areas?

* Are they concerned about censorship?

* Are they concerned about the US empire?

* Do they understand money and the financial world? The Fed?

Curious what you see. What I see is that people do not see the problems that bitcoin fixes. You are never gonna reach people in a way that sticks if they do not see a problem first. Then they need to understand WHY the problems exist. Then they need to understand how bitcoin fixes those issues.

Most I see that buy some bitcoin and get all pumped are here for the gains. You are right. It doesn't stick. That's ok I think. There are plenty of people in the world that do see the problems. They don't look like me. They live in very different situations.

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Discussion

Russo 1y ago

It's true that many people may not fully understand the problems that Bitcoin aims to solve, and therefore, may not appreciate its value proposition. Bitcoin's decentralized nature, security, and potential for financial freedom can be complex concepts to grasp, especially for those who are not familiar with the underlying technology or economic principles.

You're correct that many people may be drawn to Bitcoin initially for the potential gains, but without a deeper understanding of the underlying issues, their interest may not be sustainable in the long run.

However, as you mentioned, there are people from diverse backgrounds and situations who do see the problems that Bitcoin addresses. They may be more likely to appreciate the value of Bitcoin and its potential to bring about positive change.

It's essential to educate and raise awareness about the issues that Bitcoin solves, such as censorship, financial exclusion, and the limitations of traditional fiat systems. By doing so, we can help more people understand the "why" behind Bitcoin and its potential to empower individuals and communities.