• Todd Bonzalez@lemm.ee
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    4 months ago

    Look, the entire community sucks, but there really is a distinct difference between “crypto people” and “Bitcoiners”.

    Crypto people are constantly chasing pump-and-dump schemes hoping to get in early enough to make a profit. It’s an overly complicated, overly risky, and exhausting way to gamble. These are the people that push Web3 and NFTs and want to Blockchain everything.

    Bitcoiners are techno-libertarians who think Satoshi Nakamoto’s Bitcoin is the digital version of gold. They don’t care about anything else. Litecoin usually gets a pass, but anything else, especially Ethereum-based tokens, are absolutely hated.

    Now, you’d think you’d like Bitcoiners more than Crypto people, just because they aren’t enthusiastic about the most enshittifying parts of cryptocurrency like NFTs, but don’t forget, these are still libertarians. They are deeply fascist, and their communities usually have the same vibe as /pol/.

    Take a trip into Nostr (Bitcoiner Twitter) and you’ll find no shortage of Neo-Nazi memes and child porn…

    • 𝕽𝖚𝖆𝖎𝖉𝖍𝖗𝖎𝖌𝖍@midwest.social
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      4 months ago

      The firearm world has the same problem. There are firearm enthusiasts who aren’t 2A, NRA-sticker extremists, but they’re a minority.

      Satoshi’s objectives are still admirable. It’s unfortunate that Bitcoin was based on POW, which have turned out to have strong negative ecological impacts; and there was a hard miss in the design WRT anonymity, but the concept - which you aptly summarized as digital gold - was a good thing.