This is excellent framing. Bitcoiners are gambling not only on themselves, but on other Bitcoiners, as well as #Bitcoin itself. Either we become the new financial elite and have the means to shape a new world, or we fail and are a footnote in some few fiat history books. We each of us have immense faith in the former but know the latter is possible. If anyone SHOULD be the elites it is those who are willing to make such long-sighted gambles; this would truly be a better direction for humanity - but that doesn’t mean it’s going to happen. There is no in between. The boats have been burned, we march forward to victory or humiliating defeat. image

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Mark.andbitcoin's avatar
Mark.andbitcoin 6 months ago
I choose to freedom and that means to orangepill, tell truth about fiat lies, on board all people I can into buy their savings on bitcoin. I'll keep fighting to death! For my family, bitcoin and bitcoiners! Salut
Bitcoiners are gambling that other Bitcoiners are not going to dump coins on the open market at any given point. You’re gambling they understand the implications of 21M. That they understand fiat will continue to be printed. That they understand how consensus works. If those things (and possibly others) fail, Bitcoin is no different to any other asset and it’s a race for the exits. But if people understand them and they hold, over time, more will understand them and that will reduce supply which will increase spot prices reinforcing the incentive to hold. Bitcoiners are gambling on the HODL wave holding up. That’s the best proxy for decentralisation without which, it all goes to shit. You’re betting the OGs peel off fewer coins with each order of magnitude, and more will adopt it than sell it buying time for everything to be built around it to supplant fiat. None of this is certain. It’s all unquantifiable. But if everyone loses faith and you’re alone in Bitcoin - it fails. It is nothing without the network of people who believe in it, who have decided it is their money, who will put their energy into it and go to war for it whatever their reasons. You cannot be a Bitcoiner alone. Without other Bitcoiners, there are no Bitcoiners.
I'm 100% sure I'll never be alone in bitcoin. One condition for gambling (what makes a bet being a bet) is that the outcome is uncertain. I'm ok with people selling their bitcoin at any point, in fact I'll consider this a sublime bonus for my stack. Sadly, I don't think this will ever be the case. Individually selling will happen, but my prediction is that hungry wolfs will always pick up the "orphan bitcoin" at any point. Saylor said one thing that stuck with me: bitcoin is a bet on human ingenuity. So, no matter what, there will always be a few millions worldwide ready to take bitcoin's proposition. Not everyone who was called picked up the phone yet you know. Here's a bold gamble: the biggest bitcoin hodler hasn't been born yet. 🐸
Bitcoin is a filter. The people who see Bitcoin as scam or a greater fool scheme are projecting their beliefs onto it. They either don't buy it or they sell "the top". Bitcoin & Bitcoiners move on without them. For the first year I thought Bitcoin was a scam. I found it hard to trust that other the Bitcoiners wouldn't sell. After a year of trying to find where the scam was & gaming out various scenarios, I couldn't find one. The only logical play was to acquire as many bitcoin as possible & to hold them as long as possible. The only thing I had to trust was the ability of other humans to come to the same logical conclusion. Did it have to be all humans? No, it only had to be the 20% who were awake & actively choosing. That's about the point when I went all in. We each have a responsibilty to hold our bitcoin securely. To avoid a situation where your bitcoin stolen or you're forced to sell it. This is personal responsibility though & not some altruistic bullshit. I don't have to trust that people will act in my best interest, just that they'll act in their own best interest. It's a bet that humans are sovereign souls & are consciously choosing what they believe & prefer. I make my bet knowing that if it is wrong, then we as a species are not fit to rule ourselves.
>”This is personal responsibility though & not some altruistic bullshit. I don't have to trust that people will act in my best interest, just that they'll act in their own best interest.” Well put. You don’t need to trust that others are going to do you any favours, just that they’ll work out in broad strokes the same things you have and act on that in their own self interest.