gm!
What was your #bitcoin a-ha moment?
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GM 🫂☕
GM SO!
For me it was the understanding Trace Mayer’s 7 types of network effects that occur in the Bitcoin ecosystem:
- Speculation
- Merchant Adoption
- Consumer Adoption
- Security
- Developer Mindshare
- Financialization
- Adoption as a World Reserve Currency
That the above-listed network effects can only serve to strengthen it making any competition highly unlikely to take over. HBU?
Ah ha!
I honestly don’t remember having my a-ha moment. I think it’s because I’m such a skeptic that when I did start my journey down the rabbit hole I went through it with a mindset of punching and kicking to avoid falling for something that seemed too good to be true. I tried to look for it’s weaknesses. I would seek out as much FUD as possible to look for patterns. I’m not super computer savvy and I still don’t fully grasp a lot of the inner workings, but I figure Satoshi left us a fucking beautiful canary so we would always know as long as his stack is secure, then our little piece of the pie was for sure going to be safe. I think for me it was just a curing process that took years to solidify. That’s my a-ha moment.
solid insights, and indeed conviction is built through inquisitive doubt! i went through a similar path, inevitably falling in shitcoins before coming back
did you do any shitcoins to test your hypothesis?
Yeah I messed around with Litecoin, since it was like a cheaper “testcoin”.
21M scarcityvs an abundant world, trying to fight for retaining my life energy for my family....
thanks!!
Looking this up now! Thanks J
I love this as a starting point though I wrote out how I see it in a simplistic way. WDYT? I feel the Free Market recognises the CONSUMER in a unique way- non spending in the credit /theft system as a first step of development. A unique flex!