Replies (36)
Cuban thoughts > calle thoughts
@npub1m3n5...8l0l isn't wrong and neither are you. My take is the cocksucking faggots at Bitcoin Magazine and everybody like them can suck start a shotgun.
This strikes me as more true than OP
Calle is wrong often, like when he says holding isn't using. He just likes attention imo
Sorry but I've been saying that very same thing for years. P2P electronic cash is meant to be spent.
Bitcoin is suffering? 😂
I know, we've had this chat before. If it is truly your property, you can use it how you want. Stupid or not, how it's meant to be used or not. If you want to hold it for your grandchildren that is a use.
But preaching it as a philosophy is counterproductive. The people who want to hoard it until they die are literally dependent on people using it as cash.
Agree on all points except devs. For better or worse, it's giving way too much credit to bitcoin holders to expect that they give a fuck what devs do.
Agree to disagree, store of value is a problem everyone is currently facing. Payments is something I want to use Bitcoin for but has never been a real problem for me. Even in Cuba
The problem is that scarcity alone doesn't create value. Utility does. Lots of things are scarce that don't function as a store of value. What creates the value is demand, and what creates the demand is utility.
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People are walking up to the fact that bitcoin price action sucks now
Well said and very frustrating
How do we fix it?
Most people outside of Bitcoin simply look at it as a "stock investment". Without any news or NGU they really aren't incentivized to have any interest.
It's the top of the funnel even though the holier than thous pretend it doesn't matter
The price action has helped me well enough but it’s not as great as I was expecting. I had to humble myself and pivot.
-Btc is a tool.
-The tool does not make the man.
-Btc will not save anyone on its own.
But a man wielding a powerful tool can do some interesting things.
Literally every ₿’ner who no longer needs to work to feed his family.
Bitcoin is about censorship resistant money. Sending value to each other without a government controlled intermediary. The ability to use Bitcoin is it's value.
Once Bitcoiners started focusing on Price over Use, it becomes a Ponzi Scheme. This led to near mandatory KYC, arresting creators of privacy solutions and failing to adopt P2P or circular economies.
Don't be surprised if Bitcoin's price unperformed as it became harder to use as it was intended.
2025: "It will protect your purchasing power better than anything else!"
2026: "Oh grow up, it's not about FIAT gains."
Come for the gains, stay for the revolution; it's as relevant as ever. I suspect this past year has been particularly effective at weeding out the tourists. Not much to see here right now, besides a quiet revolution brewing in the background.
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I think this is probably true
View quoted note →Well said
I agree with all of this
Except they didn't "dump"
They redistributed
And I honestly don't buy the "OGs are selling" narrative.
Especially not in that volume or having that much of an impact.
If you held on that long, you know what's going to play out.
Why not just use it as collateral if you want to enjoy some of the fruits?
You don't have to buy it, it's data, you can see the movement.
And the hypothetical of why not just use it as collateral, sure, but they didn't.
I love how we just all collectively forgot that Core didn’t actually just push through a controversial change at the all time high, but they rushed an adversarial one that DELETED wallets. Days later we had the largest liquidation event in a single day.
Core is the enemy to sound money. They are literally a malware client pumping the chain full of spam, ignoring consensus, node runners and insulting plebs.
All of the above AND Bitcoin is struggling because we sold too many coins too fast to the enemy effectively giving them control over the retail price. This precise scenario was talked about MANY years ago when people talked about "how someone (wall street, government, banks, etc) could gain control over Bitcoin. It was clear - quite early - that Bitcoin is secure from the network side and that the only way to gain control over Bitcoin would be "to buy up as much supply as you possibly can.
Fast forward to 2026 - we did exactly what we shouldn't have done.
👉 And I honestly don't buy the "OGs are selling" narrative.
Right. There is commercial miners who have mined Bitcoin for a long time. They have millions of coins and they're the liquidity providers. Sure, a few OG's may have dumped along the way but most people I've known - for years - still have their coins and no plan to sell them any time soon. Particulary not to wall steet.
Bitcoins utility is "currency" as stated in the title of the whitepaper. However, stashing a large portion of the supply in wall street coins is many things but certainly not adoption and specifically not adoption as currency. Even if some people thought that would be the case.
Having said that, the current value is ridiculous because of the beforementioned reason. If you reduce the circulating supply of a currency it should go up in value, not down. But if you sell enough of the limited supply to wall street - the value becomes deluted.
Cool story.
Or it's just that the global macro liquidity backdrop is not what it's been for the rest of Bitcoin's lifetime, but that despite this, bitcoin is still following right on track the power law model it has for the last 16 years, just with less volatility around that trend than in the past as it gets larger.
We'll take the cheap sats though from those of little faith.
I think both these posts are true. I also think bitcoin being overtaken by the AI narrative is not a bad thing - it has the larger body of scammers chasing the AI ball.
The set here is that the AI bubble inflates until it is experiences a super massive collapse under the weight of it’s own logical and economic fallacies. The black hole that is created destroys value EVERYWHERE and wipes out everyone who is over leveraged in ANYTHING - Bitcoin and gold included. We do Great Depression 2™️ (likely euphemized with some cutesy name like “The AI Hangover”) for some long or short window of time until Printing Infinity arrives.
This is the Bitcoin SupErcYcLe
They will say you had to have balls of steel to have held through 2025 & most of 2026.
In hindsight it will appear obvious.
Guys bitcoin made it to $126k off of 2021 covid money….
Don’t read into it too much.
As soon as some huge Trucker style fiat funding freeze happens again, and it will, new masses of people will flood into btc again as usual.
As soon as some huge Trucker style fiat funding freeze happens again, and it will, new masses of people will flood into btc again as usual.
At its core, Bitcoin is just boring and becomes even more boring as it matures. We need to grow its use as a medium of exchange for it to become exciting.
