I am increasingly fatigued by those who claim to be genuine Bitcoiners yet remain obsessively focused on its price in fiat currency.
If you fall into this (unfortunately large) category, you should not consider yourselves Bitcoiners.
Your understanding of monetary fundamentals is virtually nonexistent; you merely ride Bitcoin opportunistically, like parasites, while your preferred currency is ultimately destined to fail: here Is what your fiat looks like in the mid/long therm with the soundest Money as the denominator:
Your understanding of monetary fundamentals is virtually nonexistent; you merely ride Bitcoin opportunistically, like parasites, while your preferred currency is ultimately destined to fail: here Is what your fiat looks like in the mid/long therm with the soundest Money as the denominator:
I will never regard anyone as a Bitcoiner unless they meet at least the following minimum criteria:
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Self-sovereign: They maintain full control over their own private keys and avoid custodial solutions like the plague.
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Operate their own full node: They validate the rules independently, contributing to network robustness and ensuring they do not rely on third-party verification.
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Engage in mining, even on a small scale: Whether through modest hardware or lottery-style setups, they participate directly in Bitcoin’s security model.
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Demonstrate a deep understanding of Bitcoin’s monetary principles: They grasp scarcity, decentralization, immutability, and the separation of money from state control.
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Use Bitcoin in real economic activity: They transact in Bitcoin when appropriate, rather than treating it solely as a speculative asset.
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Contribute to the ecosystem: This may include educating others, supporting open-source development, strengthening privacy practices, or advocating for censorship-resistant infrastructure.
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Commit to long-term stewardship: They view Bitcoin not merely as an investment but as a technological, economic, and philosophical breakthrough that requires responsible participation.