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MarcG
72f38a69d3ff5e8c6067a7d874e71f94faeed186d733ca909e235c6a413487c3
Marc is an endangered species.

TIL: Exactly how pathetically weak PDF document passwords are!! A complete JOKE. I assumed they were encrypted with the chosen password? ..... Yes. but only that front door. Not the second front door!!!

Full edits available.

Even the 2022 File version (1.7) !! 🤯

🤡's

/EndOfRant.

M

🫡

I assume @lopp is talking about this Mattew guy from.... American Economic Liberties.

I think he said crypto use is treasonous and crypto supporters should be? hung idk?

but the post is blocked now for me.

Which libertarianism is that you ask? it is a revolving door to Senator Warrens office of course. despite yesterday's letter about: revolving doors in 'crypto' bad.

but mine good.

etc etc.

https://twitter.com/ThisisMarcG/status/1737165629432738032

Replying to Avatar jimmysong

Altcoins Don't Lead to Bitcoin

-------------------------------------

There's a persistent myth that Bitcoiners are made through altcoins. The argument goes something like this:

1. Someone hears about NFTs, a BRC-20 token or some yield-producing DeFi project.

2. They get curious and get into said altcoin.

3. They then find out about Bitcoin.

4. They recognize Bitcoin as sound money and start using it as such going forward

There are many criticisms of this argument, but let's start with one of marketing. The order here matters. The contention is that these people *hear* about an altcoin first before Bitcoin. While this may be the case for a few people, for the vast majority, they hear about Bitcoin first. The people investing in an altcoin almost certainly are people that know about Bitcoin already. It's extremely rare that *new* people come into an altcoin, without any knowledge of Bitcoin at all.

Second, there's a persistent idea that mere *exposure* to Bitcoin is enough for people to start adopting it. That somehow, hearing about Bitcoin, whether through commercials, ATM signs and Bitcoin Accepted Here stickers, that it's enough to send them down the rabbit hole of Austrian economics, incentive systems, the nature of money and so on to get to the place where they become Bitcoin holders.

Of course, this is ridiculous on its face. I'm sure someone, who was already inclined toward sound money principles through time-preference, has become a Bitcoiner this way, but for the vast majority of Bitcoiners, exposure to the *brand* was not enough. They were exposed to an *argument* for why Bitcoin is superior as money, more moral, better for civilization or better for wealth accumulation. Exposure to an altcoin very rarely exposes people to the best arguments for Bitcoin. It's very much in the altcoiners' interest to make Bitcoin seem worse in comparison. The arguments that they *are* exposed to are the easily refutable and require Olympic-level mental gymnastics to believe, usually a token around a centralized decentralization of something that makes little sense to decentralize. Thus, they might get a little more exposure to the brand, but the arguments for Bitcoin are something that they won't get in altcoin-land.

In other words, the people involved in these altcoins have very different motivations and the marketing makes this very obvious. The hope is always the price rise in the token through further marketing. There's nothing about these that point to Bitcoin's advantages over fiat money.

And the experience of Bitcoin Maximalists is clear evidence to the contrary. Many have had some time with altcoins in the past, but that's generally way before they finally "get" Bitcoin. In large part, that moment when they get Bitcoin comes *after* getting rugged in an altcoin, not *because* the altcoin somehow made Bitcoin's virtue more obvious.

Far from bringing "people into Bitcoin," altcoins actively tempt would-be Bitcoiners into a path of gambling and rent-seeking. This is precisely what takes people away from providing value and using Bitcoin as savings and puts them in a very fiat mentality of trying to get something for nothing.

This is why it takes most Bitcoiners years to really "get" Bitcoin. Adoption does not happen through airdrops or ads. Adoption happens through each individual understanding what Bitcoin is for. What altcoins do is confuse the issue because altcoins make Bitcoin seem more like "crypto," or a speculative gamble. Indeed, this is what altcoiners and nocoiners have in common. They don't or won't understand that Bitcoin is a better money. For them, it's a better or worse lottery.

Let's dispense with this idiotic narrative that altcoins somehow benefit Bitcoin. They're leeches of the system that confuse people with their obviously flawed arguments on the need for a token for their project. Altcoins are a morally corrupt evil.

I didn't get into Bitcoin so someone in Nigeria can now gamble more efficiently online. I got into Bitcoin because that same person can keep more of their wealth by not having their money continuously stolen from them. The altcoiners deserve all the vitriol that they're getting. At best, they are naive and overestimate their economics knowledge. At worst, they are scammers that are rent-seeking off of Bitcoin's success. Either way, this argument needs to die.

absolutely!! 🎯

nostr:note1d63nhrujewvezdnzt3yzkxwn8kpwnqyp7gt6nvygzarfn2jgxn8qeh85j8

lucky. now they get a 2nd chance! few people get that!!!!!!

Pizza day is gonna need a special new pie called: Les humbles. 🤣🤣

Can any nostr wordsmiths come up with a Les Miserables / Liz Humbles play on these words! 🤣🤣

The level of humility that Mrs Warren is going to have to learn is astonishing. 🤯

Now, of all days!!

I recall this quote from someone:

Shitcoiners ARE into Bitcoin. They're just into YOUR bitcoin.

That stuck.

Bleeding edge in its day!! The ML350! I coveted those. In 2001... 🤣

well, they haven't tested it in years, so they don't even know if it WAS a backup. therefore: the backup is not lost. thats great news!

bad news: customer dont have a backup of that server.

kinda /s but not really

☹️🤮

the frequent use case is offline signing. the less frequent is seed creation (which can/should ideally be done off the HWW)

Replying to Avatar Guy Swann

I honestly find this hard to believe. I can help but wonder if a three letter agency is behind this & nostr:npub1hcwcj72tlyk7thtyc8nq763vwrq5p2avnyeyrrlwxrzuvdl7j3usj4h9rq is being told they can’t say why.

This just doesn’t feel… natural.

This kinda thing makes me think every service in #Bitcoin needs a canary site/broadcast as a way to communicate to users when the govt tries to gag them.

Actually! This could be an interesting thing for #nostr, like a status item or something 🤔 nostr:note1mv2sgrzvlfn8mxks6853ktw8uaw4s28uzx5tnfscrwqjcp0wf5dqakwr78

Need the Canary signal to return. Esp via Nostr!!

Guy, - with the greatest of respect sir - YOU got to narrate nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a's book in 2023. WTH else could Santa bring you?? Sir, please leave some joy and tidings for the rest of us! 😁

Also, huge congrats on that!

M