Avatar
TheBitcoinManual
7ecd3fe6353ec4c53672793e81445c2a319ccf0a298a91d77adcfa386b52f30d
Normal people sharing our experience and knowledge around all things #bitcoin • Get our Free eBook • Not financial advice - ➡️ https://thebitcoinmanual.com
Replying to Avatar BitLo

Dumbass

Lol she's providing a valubale service, exit liquidity for real traders, let her be, she needs to learn the hard way that an honest days work is still the best way to earn a living

We all have to learn the hard way, I traded shitcoins and got whats coming to me, learned the hard way and I will never forget those lessons

Lol I think the jargon makes her feel like a trader, even if she's far from it. People who blow their accounts try to apply the amount of money they need as a benchmark and it's always a mispricing of risk, trade within your range and if that's not enough get a job damn, how is this so hard to get?

Lol she's hoping the loss porn content she can create from tiktok will act as a hedge against all her bad trades and I don't think she's priced her risk accordingly, hubby should step in and stop providing capital

LOL it's been so long I forgot about it, he's been shilling it since 2003, been more than a minute, damn i'm getting old

Replying to Avatar L0la L33tz

This is a community note proposed to Anita's post, and I think we need to talk about it.

The past years have brought a swarm of new people into Bitcoin, and these posts and comments show how hard we failed them.

First off, to address the majority of commenters in Anita's post that also like to spam my posts with the same nonsense (and then tell me that I'm stupid because I have a vagina (?)), in the Bitcoin network, you do not get to vote for anything. Your node allows you to control the rules that your node runs by. That's it. That's all it does.

There is no voting in Bitcoin.

Second, miners run profit oriented businesses. This means that miners follow the rules adapted by the nodes with the majority of economic activity.

In the event of a hard fork, it does not matter how many nodes you run – if the majority of nodes generating profit for miners apply new rules, those are the rules the miners will follow.

Bitcoin positions do matter to the extent that they generate economic activity.

I understand that the voting analogy can be helpful, so here's one that you can make: in Bitcoin, you vote with your feet.

If a large exchange was to signal for, say, a Bitcoin compliance fork, you can threaten to pull your money out – to the extent that the exchange still allows you to.

Lastly, what Anita is referring to in her post is Bitcoin's social layer.

Bitcoin is run by humans, and humans can be influenced.

Humans can be influenced by setting positive incentives, such as gov subsidies or developer grants, or by applying violence, such as threatening to throw the people running and building Bitcoin in jail.

This is a reality of human nature and should not be controversial - How to prevent such actors from influencing open source development is often discussed in the open source community.

If this topic interests you, look up Operation Orchestra at FOSDEM.

Let's remember that the memes are not always your friends.

Influencers spent the past few years so focused on "hyperbitcoinization" that half-truths about how Bitcoin works are now taken at face value.

Because so many "Bitcoiners" now genuinely believe things like "Bitcoin can't be censored," "one node equals one vote", "Bitcoin is for enemies," or "everything is good for Bitcoin," we have created a culture that believes paying attention to the creation of an adversarial environment is unnecessary.

These memes are mental shortcuts. They are true to some extent, but do not reflect reality.

In the case of my posts, next to the obviously snarky comments here and there, the majority of commenters are not posting these things with bad intentions - they genuinely think that this is how Bitcoin works.

If you are an educator, influencer, or in any other way have the capacity to better explain these things to people, _please_ take the time to do so.

The memes are fine to get people interested, but we all need to do a better job at combating these misconceptions. The future of BTC could depend on it.

Definitely up against bigger villians, this is the next test for Bitcoin being able to hold the line against infinite fiat money allocators who can co-opt the layers around Bitcoin should they choose to do so, like you say social, mining, and on-ramps/off-ramps and even bitcoin adjecent software companies are all up for grabs adjacent and very few interact directly with the base layer itself

My node my rules can only get you so far!

The fight is only begining!

For this man and woman's sake, I hope this is fake, dude loses his job and his wife goes into quant mode to trade their savings into generating a monthly income

You can't make this stuff up! Join my journey towards zero!

https://video.nostr.build/c0d148b1761559466db9325da4cc63e7bf1d4036c4a53038617f5f4f40b010f8.mp4

Replying to Avatar cryptowolf

Oh no you're getting cooked, rather overcooked because that woman doesn't know how to cook lol

Lol you were quite the degen in your shitcoin days, I only went as far as smart contract blockchains TRON and MATIC oh I had some STEEM, ah to be young and naive

Microstrategy looks like it's going to be included in the NASDAQ 100 before Frank Ocean releases a new album or George R. R. Martin releases The Winds of Winter, Saylor's come back arc is pretty wild!

https://www.investing.com/news/analyst-ratings/bernstein-sees-microstrategy-shares-at-outperform-on-nasdaq100-inclusion-potential-93CH-3766622

Shitcoiners seeing their bags pump, but they can't realise the gain because there's razor thin liquidity

Lol 100 fiat boyfriends will never satisfy you like 1 bitcoin boyfriend

LOL What does Adam Taggart have to say about the fundamentals of fart?