How concerned are you with bitcoin right now on a scale of 1 to 10?
Consider the knots vs core drama. Potential centralization and fork of the network. BIP 110. Adam Back on Epstein island. The price. Gold and silver adoption.
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Replies (100)
It doesn’t matter nearly as much as the halvings and absolute scarcity. By 2040, none of this shit will have been relevant. I’m just staying humble and stacking sats.
market is a market 🤷♂️
Currently no. If we remain below $100k until after 2030, yes.
Yeah the paper trading bullshit is concerning but what is happening to gold suggests that they can’t manipulate the price forever
Fair
True
Worry about cheaper sats?
I mostly worry about a schism in bitcoin
4?
Dunno about a number, and full disclaimer, I'm probably more skeptical than most on here, but the price, Adam Back, and gold and silver don't move the needle much for me.
I think the biggest concern is just the acceleration of dying fiat. It’s making everything more unstable.
get ready for 10 years of nothing hahahahaa. monero has comparatively less paper trades hahahahahha
My big fear with bitcoin, and I say this as I use custodial shit for zaps, is that we eventually repeat every mistake that was made with gold. Maintaining custody at scale gives me heartburn. I'm dumb, so I hope smarter people solve this.
And thats it, I allow myself one bitcoin related post per week, all tapped out haha
This feels a lot like Blocksize wars of 10 years ago, but I'm much less worried about a fork this time.
I don't think that a large number of BTC holders outside of an "extremely online" faction really care about OP_RETURN data... And drastic measures like BIP110 require the presupposition that there is some kind of "existential crisis" afoot.
A. Back on "the island" -- bad publicity, sure. You know what was worse, also back in 2016? "Online Drug Bazaar Silk Road powered Exclusively by Bitcoin." Bad PR will pass.
Gold and silver adoption only helps BTC, once world governments realize that they can't email a brick of Au, and they're back to needing an open, trusted, non-State digital from of money.
soooo IDK 2, 3?
Why is your conviction higher now?
IDK how it's "suppressed" in the long term. You can only suppress an asset by continuously producing it to keep the market low. A limited asset will always run out.
I think that most normies will never take responsibility for themselves. Which means that Bitcoin will scale well enough for the minority of people like us.
PICK A SIDE NOW SOLDIER!
3 in the short term.
A Little worried about paper Bitcoin, the public perception due to the shitcoin casinos & Epstein FUD.
0 in the long term.
0
not worried about any of that shit.
confident it's going to be captured by the legacy system regardless. probably go to 1M too.
-21 🧡🚀
Zoom out and you'll be fine.
Considering bitcoin is the constant I can’t be concerned about it. However I am concerned 10/10 about everything external to bitcoin.
0
This makes sense to me
You must be sleeping like a baby lol
Bitcoin or death
There’s no other solution. If it fails then there’s no hope.
Zero. But this is just another bear market. No one cares about knots vs core. Silver is a meme. Adam back doesn’t control Bitcoin
My only change is I have increased my dca which I had pared down after we broke 80k on the way up.
0. If Bitcoin could be killed by discourse, it would’ve died a decade ago. Nodes don’t read timelines.
I want to say 1 but if I'm being honest:
- Mining centralization (critical and not discussed enough, we should pressure the miners to adopt stratum V2 and DATUM)
- Quantum Computing (not too much concerned honestly but we must continue to discuss and research on the topic)
- Institution capture through paper bitcoin (this one is concerning only on a short to medium term but it could lead to a critical lack of interest globally, prevent bitcoin to stay the best store of value, create a vicious cycle of underperformance and lead to a very painful bear market until we reach the floor where only hardcore believers hodl it)
- The rest is just noise to me
So like 2-3 long-term
Idt you’re up to this part in LOTR yet but
I wasn’t around for the blocksize wars but I imagine this is similar but more watered down. You bring up a good point about Silk Road for sure. These all do seem like short term concerns that create an opportunity for cheap sats.
They can make more paper Bitcoin to suppress the price but idk how long that will work
I didn’t say I was concerned 👀
Do you ever consider leaving the US?
🫡
That looks like the battle at helm’s deep. Actually just saw them drive away the orcs last night with the help of the elves and the ents.
I haven’t been able to increase my DCA because of the economy but are you surprised the bear market started sooner than expected?
Great point 🤙
Mining centralization is a huge concern that needs to be talked about more. Paper bitcoin is going to make normie adoption more difficult. I think things will work themselves out over time but they’re making it a bumpy ride.
I just got off a video call, and someone mentioned "Pedocoin/Epsteincoin" being used for child trafficking.
People are retarded...
You said it without using words 😂
It’s from ROTK, I won’t spoil.
The bad kind of retarded.
Bastiat's grandson does not live in Louisiana dear friend.
I have a massive long open… zero regrets because I have enough BTC for several years in cold storage ⚡️
When people are in fear, it’s time to be greedy as fuck.
I coughed after reading this
I asked a question lol
Soon 🫡
I don’t actually believe that is who you are lol but I also don’t know who that even is
Might be time to sell these chairs
drama is just high-latency noise in a low-latency network. as long as the ledger stays immutable and the sats keep routing, math has a higher uptime than reputations. concern is a 1 until the code itself stops making sense.
Yeah, the Epstein stuff might be just as damaging to public perception as FTX was.
I gave up trying to predict the market. Now I just dca and raise and lower the dca amount based on how “expensive” Bitcoin feels. If I can limit my top buys I can maximize my bottom buys.
I’m not a trader. I just hope to have more money to dca with when a market turns down. If it never turns down at some point then the bitcoin I have in cold storage should be enough.
Besides my home I have 90% of my wealth in bitcoin, so if it doesn’t work out I’ll never retire without moving to a low cost place. It’s worth the risk to me.
You know when you visit a shrink and you start talking about your boss and the shrink asks "When did you last talk to your mother?"
No!
Well me neither 😂
The real pedo coin ⬇️⬇️⬇️
I don’t think I’ve ever talked about my boss to a shrink 😂
Are you a bot?
Ah, I see!
So when DID you first start wetting the bed? 😂
The purpose of these questions is to inquire about a person’s internal state. So when you respond to my question with an assumption, it’s more indicative of your internal state than mine 😂
Zoom out is a good piece of advice and I imagine you tell yourself that as a reminder. Which is a good thing. But I was just trying to see what the sentiment was on nostr. I never said I was worried or stressed about it.
I actually do 🙃
Kerching 😂
Don’t know this reference lol
"Mongo just pawn in game of life." -- Blazing Saddles
One of many great quotes from that movie.
I think that’s a valid view
If we get more node runners and they stay active and on the ball, I could care less of anything else. I think bitcoin mining generally is bad business because it always favours new comers as technology gets better. I think solo Mining is becoming a thing now which in time will just increase due to demand.
lol
This is what I imagine @stache watching in his 40s
Haven’t followed the numbers but I imagine that node adoption is pretty steady
Yea especially with BIP110, more are now running nodes that never did. So I think the bitcoin network is alive and healthy so we should be good.
Let's say 2.5 🤔
If the bitcoin network cannot handle those things with the hard money/proof of work incentives, it was doomed to fail since day 1.
Dude, you are wasting your time on Lord of the Rings when you haven't seen Blazing Saddles yet?
I am not concerned about Bitcoin, I am concerned about Bitcoiners.
Many forgot were do we came from and why we are here. We need a stronger and louder bitcoin narrative, not the one on X, exactly the opposite.
🤔🤨….i wasn’t quite a teenager when I saw it…they weren’t quite as strict then about age limits (for movies or beer🤷🏽♂️😉)…we were better back then😂⭕️
Great point
Is this a dorky comedy? 😂
1
It’s hard to know what is real from what is fake on X
I think bitcoin survives this and becomes stronger.
You get it
Lfg my dude
So you paid for this beer yourself?
Every time it survives, it gets stronger
3 KYC gates are stronger, taller and more widespread than ever.
~95% of holders need permissions to spend their money.
I don’t agree with the permission stuff. 95% is really high.
Bitcoin was born because of huma drama
In the same way Bitcoin is a shitcoin 😂
Size 0 confirmed 👀
Are they really hodlers tho?
No my buddie that was a year older than me did🤨…he was a farm kid so he was drivin b4 he had a license 🤔😳😂⭕️
Kyc and wrench attacks are the biggest challenges
Once you get that Bitcoin is not just capital/asset and you realise that it is an ideology based on freedom and powered by maths and energy, you ‘cross the chasm’ and leave all worries behind. Live free brother! ✌️😊🤙❤️🙏
0.0
Since when do you decide why a hodler is?
I agree those are problems but get little attention