Like fr. These guys have no clue wtf they are talking about all the time and all of them have the same pre scripted lines they use in arguments.
Like they keep repeating the bullshir about bitcoin is an inflation hedge, bitcoin is a store of value blah blah blah. And here we are in peak inflation and bitcoin obviously is just another speculative asset closely correlated with the S&P500 and the Nasdaq100.
Then these cultists just shift the goal post and change the time parameter like "bitcoin is an inflation hedge in the long term". Oh ok. No time frame. Just "one day in the future".
"But bitcoin isn't about the price" some of them will tell you. Even Saifedean Ammous the author of the Bitcoin standard admits that if the price goes to low, it has an adverse effect on mining incentives and makes Bitcoin less secure.
And besides that Bitcoin is only about the fiat price. Stop bullshitting. We're all here for number go up.
And then they go on about Bitcoin being a currency. Bitcoin is too volatile to be a currency. Stop the bullshir fr. These guys believe in some great event called Hyperbitcoinization that will happen where all the world's governments will end fiat and only use Bitcoin. That will never happen. There's no reason to believe that Bitcoin won't continue being a volatile asset that moves in tandem with the stock market.
It's always the same old stupid narratives with these guys "inflation bad. guvmint print moneys and devalue may moneys" i remember I once asked someone in a bitcoin chatroom to steel man the case for inflation. The bastard moderator banned me for being too disruptive lmao. Those assholes have no clue how the economy works. They just live in their dumb little bitcoin fantasy bubble where they think bitcoin wil solve all the world's problems.
They make all these claims about bitcoin but at the end of the day it's just a speculative asset correlated to the stock market. Sure, it has a limited supply and a pretty predictable rate of issuance and it's verifiable scarce and secure because of the massive amount of energy it guzzles. That's it. That's all it has going for it. And yes, you can think of it as some kind of a digital gold analogue. But that's it.
Stop with the bullshir claims about apolitical money and "bitcoin is the silent protest". "Bitcoin is the revolution" nonsense.
Another hilarious thing is how censored the Bitcoin subreddit is. All the cultists will often swear allegiance and repeat the same maxi talking points about "all altcoins are scams" and "proof of work is the holy grail".
Also there's a disturbing overlap between how many of them are climate skeptics and also antivax. Also they love guns and many of them are qanon people as well.
I'm buying bitcoin because my thesis is that the fanaticism of this cult will never end. They will always be able to recruit newer cultists with their libertarian ideology.
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