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Jason Hodlers ๐Ÿชข
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Follower of The Way, Jesus Christ. His words are not only found in the Bible. Creator of @npub1fdc5nr47gx8pcz9cppyat9fx0gc9hv48nke7pf78drx7rpqw28ksqgx779. Christian, homeschooling father of 6, & Bitcoin maximalist.

I love it! I grew up in a very different, "churchy" environment, being taught that some words were "bad". Friends at school would hold their language back for my sake, and while I appreciated their efforts to be considerate, I also wished they hadn't done that to themselves. It never bothered me when other people used those words, and it still doesn't, but using them myself has always seemed... unnatural. ๐Ÿ˜… Kinda like Shia LaBeouf's character in "I, Robot".

Now as an adult, and a dad, I've taught my kids that certain words are "spicy", but not bad. Just as you wouldn't put cayenne pepper on a cookie, you wouldn't use certain strong, spicy words in ordinary conversation. But, there are times for spicy words.

I can think of a few reasons.

First, if we define "shitcoin" as only a cryptocurrency that was created to enrich its founders at the expense of the users, then yes, Monero is not a shitcoin. However, that's not the only criteria I use. If it also has a central individual or group in charge, then it's a shitcoin. And only Bitcoin fails to meet that requirement.

Second, a money is only as good as its assurances. Since the chain is opaque, I can't verify the current supply (though the total supply is infinite, just like fiat), so I have no assurance that Monero's monetary properties are what they claim to be. I'm required to trust that the developers haven't secretly created a lot of it for themselves that they'll dump on the market later. Bitcoin is all about "Don't trust, verify", but Monero is all about "Don't verify, trust".

Third, Monero is built to be ๐˜ช๐˜ฏ๐˜ต๐˜ฆ๐˜ณ๐˜ฏ๐˜ข๐˜ญ๐˜ญ๐˜บ private, but it can't affect anything outside its system. Very few people use Monero, so it has a very small anonymity set, which makes it really quite easy to circumvent its privacy, compared to Bitcoin. Chain analysis on Bitcoin is a pseudoscience anyway, but when you add millions of users, CoinJoins, Lightning, and physical bitcoin (OpenDimes, SatsCards, etc) to the mix, surveillance on Bitcoin in any kind of meaningful scale is simply impossible.

And fourth, time has shown that Monero is anything but a store of value. The market has chosen Bitcoin, likely for the reasons I described, and the reasons that nostr:npub1ztyqtftdkt6q36gux3xptn4ldv7sdpqka3rvhvlmna50e9t7kx4qk5kfjr shared from asking nostr:npub1tayp5jjjfqx4ufukxqamsl28wd5pggvteqe6u9n3svjn62lfr0hsp89l42 about this.

The thing about money is that it's a zero-sum game; in the end, there can only be one winner. If we embrace more than 1 coin for our global freedom money, then we will dilute the strength we otherwise could have had, and the fiat globalists will win via a "divide and conquer" strategy that they didn't even have to put in place!

I will end with these words from "Inventing Bitcoin", by Yan Pritzker: "By holding anything but the most liquid money, you are actively punishing yourself while waiting for everyone else to do the same."

That's the price of leaving the "big city" to help settle this "wild frontier".

Like most things, Nostr is what you make of it.

๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป, ๐—ก๐—ผ๐˜ ๐—–๐—ฟ๐˜†๐—ฝ๐˜๐—ผ

But waitโ€ฆisnโ€™t Bitcoin a ๐™˜๐™ง๐™ฎ๐™ฅ๐™ฉ๐™คcurrency?

Technically, yes, but while Bitcoin is the name of a specific currency, crypto is a broad category of gambling tokens that number into the tens of thousands, and have become well-known for their pump-n-dumps, vaporware, and fraud.

Other than a few superficial technical similarities, ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ฎ๐—ป๐—ฑ ๐—ฐ๐—ฟ๐˜†๐—ฝ๐˜๐—ผ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐™ฃ๐™ค๐™ฉ๐™๐™ž๐™ฃ๐™œ ๐—ถ๐—ป ๐—ฐ๐—ผ๐—บ๐—บ๐—ผ๐—ป.

Iโ€™ll explain more belowโฌ‡๏ธ

#Bitcoin differs fundamentally from cryptocurrencies in a few key ways:

๐Ÿญ. ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ถ๐˜€ ๐——๐—ฒ๐—ฐ๐—ฒ๐—ป๐˜๐—ฟ๐—ฎ๐—น๐—ถ๐˜‡๐—ฒ๐—ฑ

That word has lost almost all its meaning, thanks to crypto promoters, but ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ถ๐˜€ ๐˜๐—ต๐—ฒ ๐—ผ๐—ป๐—น๐˜† ๐—ฐ๐˜‚๐—ฟ๐—ฟ๐—ฒ๐—ป๐—ฐ๐˜†, ๐˜„๐—ต๐—ฒ๐˜๐—ต๐—ฒ๐—ฟ ๐—ฑ๐—ถ๐—ด๐—ถ๐˜๐—ฎ๐—น ๐—ผ๐—ฟ ๐˜๐—ฟ๐—ฎ๐—ฑ๐—ถ๐˜๐—ถ๐—ผ๐—ป๐—ฎ๐—น, ๐˜๐—ต๐—ฎ๐˜ ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜„๐—ถ๐˜๐—ต๐—ผ๐˜‚๐˜ ๐—ฎ ๐—ฐ๐—ฒ๐—ป๐˜๐—ฟ๐—ฎ๐—น ๐—น๐—ฒ๐—ฎ๐—ฑ๐—ฒ๐—ฟ ๐—ผ๐—ฟ ๐—ด๐—ฟ๐—ผ๐˜‚๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฒ๐—ฎ๐—ฑ๐—ฒ๐—ฟ๐˜€. Its users do not need to place trust in anyone, making it truly peer-to-peer and resistant to censorship or control.

In contrast, cryptos are centrally controlled, and were created to make quick profits for their creators or early investors at the expense of later investors. They rely on hype and speculation, so they're essentially only used for gambling. As the saying goes, "๐˜ต๐˜ฉ๐˜ฆ ๐˜ฉ๐˜ฐ๐˜ถ๐˜ด๐˜ฆ ๐˜ข๐˜ญ๐˜ธ๐˜ข๐˜บ๐˜ด ๐˜ธ๐˜ช๐˜ฏ๐˜ด", and this is particularly true for crypto.

๐Ÿฎ. ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—ถ๐˜€ ๐—™๐—ฟ๐—ฒ๐—ฒ๐—ฑ๐—ผ๐—บ ๐— ๐—ผ๐—ป๐—ฒ๐˜†

Bitcoin was initially introduced to a group of freedom activists, the cypherpunks. It quickly attracted a community of freedom-loving computer scientists, rather than opportunistic venture capitalists.

For over a year, Bitcoin had no established price and was primarily driven by individuals seeking individual sovereignty, not overnight wealth. ๐˜›๐˜ฉ๐˜ช๐˜ด ๐˜ญ๐˜ฆ๐˜ฅ ๐˜ต๐˜ฐ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฅ๐˜ฆ๐˜ท๐˜ฆ๐˜ญ๐˜ฐ๐˜ฑ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต ๐˜ฐ๐˜ง ๐˜ข ๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ ๐˜ฆ๐˜ต๐˜ฉ๐˜ฐ๐˜ด ๐˜ค๐˜ฆ๐˜ฏ๐˜ต๐˜ฆ๐˜ณ๐˜ฆ๐˜ฅ ๐˜ข๐˜ณ๐˜ฐ๐˜ถ๐˜ฏ๐˜ฅ ๐˜ช๐˜ฏ๐˜ต๐˜ฆ๐˜จ๐˜ณ๐˜ช๐˜ต๐˜บ, ๐˜ง๐˜ณ๐˜ฆ๐˜ฆ๐˜ฅ๐˜ฐ๐˜ฎ, ๐˜ข๐˜ฏ๐˜ฅ ๐˜ฑ๐˜ฆ๐˜ณ๐˜ด๐˜ฐ๐˜ฏ๐˜ข๐˜ญ ๐˜ณ๐˜ฆ๐˜ด๐˜ฑ๐˜ฐ๐˜ฏ๐˜ด๐˜ช๐˜ฃ๐˜ช๐˜ญ๐˜ช๐˜ต๐˜บ.

๐Ÿฏ. ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ปโ€™๐˜€ ๐—š๐—ฎ๐—บ๐—ฒ ๐—ง๐—ต๐—ฒ๐—ผ๐—ฟ๐˜†

This history created some unique game theory dynamics that set Bitcoin apart from crypto. ๐˜‰๐˜ช๐˜ต๐˜ค๐˜ฐ๐˜ช๐˜ฏ'๐˜ด ๐˜ฏ๐˜ฆ๐˜ต๐˜ธ๐˜ฐ๐˜ณ๐˜ฌ ๐˜ฆ๐˜ง๐˜ง๐˜ฆ๐˜ค๐˜ต, ๐˜ช๐˜ฏ๐˜ง๐˜ณ๐˜ข๐˜ด๐˜ต๐˜ณ๐˜ถ๐˜ค๐˜ต๐˜ถ๐˜ณ๐˜ฆ, ๐˜ข๐˜ฏ๐˜ฅ ๐˜ค๐˜ฐ๐˜ฎ๐˜ฎ๐˜ถ๐˜ฏ๐˜ช๐˜ต๐˜บ ๐˜ด๐˜ถ๐˜ฑ๐˜ฑ๐˜ฐ๐˜ณ๐˜ต ๐˜ค๐˜ข๐˜ฏ๐˜ฏ๐˜ฐ๐˜ต ๐˜ฃ๐˜ฆ ๐˜ณ๐˜ฆ๐˜ฑ๐˜ญ๐˜ช๐˜ค๐˜ข๐˜ต๐˜ฆ๐˜ฅ ๐˜ช๐˜ฏ ๐˜ข๐˜ฏ๐˜บ ๐˜ค๐˜ณ๐˜บ๐˜ฑ๐˜ต๐˜ฐ.

Conversely, Bitcoin will ๐˜ฏ๐˜ฆ๐˜ท๐˜ฆ๐˜ณ adopt the disingenuous characteristics of any crypto, because the enforcers of Bitcoin's code will never compromise its core principles.

Bitcoin stands alone as the only decentralized, trustless, and censorship resistant currency. Its history, community, and game theory dynamics make it ๐—ฎ๐˜€ ๐—ฑ๐—ถ๐—ณ๐—ณ๐—ฒ๐—ฟ๐—ฒ๐—ป๐˜ ๐—ณ๐—ฟ๐—ผ๐—บ ๐—ฐ๐—ฟ๐˜†๐—ฝ๐˜๐—ผ ๐—ฎ๐˜€ ๐—ฎ๐˜€๐˜๐—ฟ๐—ผ๐—ป๐—ผ๐—บ๐˜† ๐—ถ๐˜€ ๐—ณ๐—ฟ๐—ผ๐—บ ๐—ฎ๐˜€๐˜๐—ฟ๐—ผ๐—น๐—ผ๐—ด๐˜†.

It's the only โ€œcryptoโ€currency that will survive, because it's the only one that ๐˜ค๐˜ข๐˜ฏ.

Do you agree? Disagree? Let me know in the ๐—ฐ๐—ผ๐—บ๐—บ๐—ฒ๐—ป๐˜๐˜€โฌ‡๏ธ

Make sure you ๐—Ÿ๐—ถ๐—ธ๐—ฒ๐Ÿค™ and ๐—•๐—ผ๐—ผ๐—ธ๐—บ๐—ฎ๐—ฟ๐—ธ๐Ÿ”– this for quick reference.

And whenever you see someone conflating Bitcoin with crypto, ๐—ฆ๐—ต๐—ฎ๐—ฟ๐—ฒ๐Ÿ”„ this with them.

My siblings are divided along these lines, and this exact meme has happened to me IRL! ๐Ÿ˜‚

11.

Incorrect: "The government has your best interests at heart"

Correct: "Epstein didn't kill himself"

My boomer in-laws believe this, and also that the computer is located under a dam in China, where they're also keeping kidnapped children that are being trafficked, and that when you buy Bitcoin you're funding their sex trafficking operation.

They like to listen to Dave Ramsey, but they're also pretty fanatical for something called "Restored Republic". So that's probably where they got that garbage.

Yeah. Some people are beyond hope. ๐Ÿ˜”