Dear Crypto & Fiat Bros

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Dear Crypto & Fiat Bros, you're probably not going to believe this, but I was you once. I thought that #Bitcoin was stupid. I thought that "crypto" was the future. I was wrong. Here is what changed my mind:

I didn't understand what Bitcoin was or why it was important, because I didn't understand what money was or why it was important. That's also why I was easily fooled by shitcoins. twitter.com/dergigi/status/1488118850730270727/video/1

I got rekt, and I learned. I learned that money printing is unproductive and immoral. I learned that #Bitcoin was different. Independent from the centralized exchanges that are doomed to fail. Mt. Gox was my first lesson. twitter.com/lopp/status/1593598776312225793/video/1

But it took time. A single lesson was not enough. I had to touch the stove twice. I was fooled by a supposed boy genius, not realizing that promises and technobabble were just the curtain to hide the boy's money printer. I got rekt & I learned. Ethereum was my second lesson.

Once I realized that it's all money printing in disguise, my view on #Bitcoin vs. "crypto" got stronger. I slowly turned into a "toxic" maximalist. twitter.com/PaigeErlich/status/1375975568303398912/video/1

Bitcoin & shitcoins are opposites. Bitcoin removes seigniorage. Shitcoins re-introduce it. Bitcoin removes the Cantillon effect. Shitcoins re-introduce it. Bitcoin removes trust. Shitcoins re-introduce it. twitter.com/BitcoinClip/status/1592978343615664128/video/1

It's absolutely disgusting to see regular people get rekt. It's absolutely disgusting to see hardworking people lose their life savings. It's absolutely disgusting to watch shills & shitcoin apologists discourage self-custody and humble stacking. twitter.com/dergigi/status/1524120517279686658/video/1

Yes, bitcoin crashed. Just like it did in the past. Yes, BTC price is down. Yes, purchasing power was lost. But the Bitcoin system did not crash. Price crashed because of greed and complacency. Bitcoin isn't volatile. Humans are. twitter.com/dergigi/status/1538191819409870851/video/1

Bitcoin is best understood as a force of nature, like the tide, or the rising of the sun. Your opinion on it doesn't matter. The tide will come and go, the sun will rise and set, and Bitcoin will produce a new block. Every 10 minutes. twitter.com/dergigi/status/1594295524496064512/video/1

That's why #Bitcoin is different. That's why it's Bitcoin, not blockchain. Bitcoin, not crypto. Bitcoin, not DeFi. Bitcoin, not yield farming. Bitcoin, not centralized neo-banks that sell you fractional-reserve paper bitcoin. Bitcoin. dergigi.com/2022/11/19/dear-crypto-fiat-bros/

Dear Crypto & Fiat Bros

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