Bitcoin: Positive-sum. Fixed supply + growing adoption = network value increases for all holders. Digital scarcity capturing value from gold/fiat.
Altcoins: Zero-sum greater fool game. VC dumps on retail, founders exit, bagholders rotate.
via @postburst.bsky.social
Reposting my response to “The Nerdskull” who made a popular post about Bitcoin “not being apolitical” and spinelessly blocked a valid argument:
You’ve attached your ideology to it and made it political.
Bitcoin is an open and permissionless network. Like internet, email, or electricity.
Even if we wanted to, we can’t shut it off, change, or co-opt it on the base layer
To the network, an activist, criminal, or politician all look the same
lol I’m not sure where I insulted you—that wasn’t my intention, sorry. I just get tired of hearing the same arguments.
We’re all free to think what we want, but we literally can’t shut Bitcoin off, and over any 3+ year stretch it’s only shown growth. I have yet to see otherwise.
Yeah you MMT folks love presenting pseudoscience as truth.
And just so you know, over 50% of the world is unbanked, can’t participate in markets, or even vote for that matter.
Check your financial privilege some time.
More than half of U.S. stock trading is happening off the public exchanges, funneled into dark pools and internal trading desks of major Wall Street firms, per Bloomberg.
Really easy to say that while you likely live under a stable enough government with monetary policies you agree with.
“ZERO value to most folks”? Tell that to the billions who live under authoritarian regimes without any access to reliable banking or saving in a stable currency.
Give me a break.
You’re treating money as if it only has value when a government declares it and backs it. That’s why you can’t see Bitcoin’s fundamentals.
If your framework assumes state-issued money, natural adoption and network effects of a non-state monetary asset will always look like ‘no fundamentals’ to you.
If it’s a pyramid scheme, it’s the worst one ever made: the founder disappeared, took $0 of profit, and the network has been running without a CEO for 15+ years. It’s simply a decentralized commodity.
Sure it’s not “real”, but miners do impose very real physical constraints on attackers.
If you store your jewelry in a steel vault, it will take me physical time and energy to break through it.
Same if you store value in a long string of numbers. It would take massive time and energy to break.
Yeah well Bitcoin had been “dead” about 4 times before that Sam Bankman shit happened. It wasn’t Bitcoin that failed, it was him who lost people money as a fraudster.
Thousands of fraud cases occur on the internet everyday, do we blame the internet?
People die in car accidents, do we blame cars?
I wonder if people who pray on Bitcoin “dying” start fuming every time it starts recovering and making higher highs 💀
Corporate needs you to find the differences between this picture and this picture. Pic 1: PEOPLE THAT CALL ALL CRYPTO 'BITCOIN' Pic 2: PEOPLE THAT CALL ALL SODA "COKE" They're the same picture.
It’s not all the same. #bitcoin
🥱
Holy shit dude get a fucking life LOL. I’ve never been actually harassed to this degree. You stay up all night thinking about Bitcoin, huh?
Who hurt you, you sound like an insufferable degenerate.
First time I’ve actually had to block someone.. oh well.
Pretty fuckin good, thanks for asking 😂
Hey I’m like 90% sure this is just a rage baiting bot lol, not worth anyone’s time.
Let them screech into the void.
Even they realize their posts are so absent of substance that they think they’re shadow banned 😭😭😭
Silence is the best reply to a fool.
I think more people buying, less people selling is what makes the price of anything go up.
It was criminals 5 yrs ago, bankers today, I wonder what it’ll be next 🤔
You’ll be barking whatever bullshit headline’s currently being sold to people who want to cope with why this thing just won’t go away.
I didn’t give a shit if bankers bought it in 2015, why would I give a shit now?
Good people and bad people can both use the same open and permissionless network, dude.
I don’t like bankers, but I can’t stop them from using it any more than they can stop me.
That’s the whole point of Bitcoin.
Bitcoiners as their 250% gains decrease to 200% gains for the time being:
Would you mind elaborating on that, needing energy for money?
Funny how narratives change to fit people’s bias.
Every 5 years or so, a new group of people are associated with this open network and it either helps or harms the narrative.
If Trumps advocated using Internet and email (which are also open protocols like Bitcoin), would you stop using those too?
BlueSky on Bitcoin:
20k→50k: silence.
50k→30k: “It’s dead!”
30k→60k: silence.
60k→45k: “Crash! Rug pull!”
45k→120k: silence.
120k→94k: “Scam!”
It makes higher highs and lower lows each time, but people want sooo badly for Bitcoin to not be a thing.
Bad news for you. It’s never going away. 😂
or Or OR*—it could be that hearing the same, lazy, misinformed takes about an open protocol that has stood and worked for 17 years, where people like to read headlines and display their “righteous” morals and opinions as fact has gotten extremely boring for me.
The data is there, go look at it. 👍🏼
Yeah, we’re definitely done. You’ve bested me, Neil.
Solid arguments, 10/10 on self-reflection and academic integrity.
lol stfu dude, the burden of proof for bitcoin being a “scam” is on you.
It’s been 15 years and I hear the same bullshit time and time again, yet Bitcoin’s compound annual growth rate is 115% over the last 5 years.
But sure, you go and keep diggin in your butt, twin 👏🏼👍🏼
Alright bro.
