Bitcoin Talk 006: In Crypto, Be a Good Person, Hold Good Coins, and Good Will Come

In crypto, be a good person, hold good coins, and good will come to you.

The big pie is hard currency; all other coins are stand-ins conjured out of it, here to ferry all beings to salvation. Dig as many cesspits as you like to stockpile shit — in the end it’s still for fertilising the crops. Hunt as many pig, dog and cat coins as you like — in the end it’s only to exchange them for a bit of the big pie.

The Chinese government’s mining ban was partly about reducing thermal-power consumption, but a blanket ban is overcorrection. Virtual-currency mining could have put large amounts of otherwise wasted electricity to use. A blanket ban is lazy governance: no thinking required, and supervision follows a clear, simple line.

We mustn’t underestimate the regulators too much, but we mustn’t overestimate them either. Stay in a crotch long enough and the fumes alone will make you sick. These past few years — shouting about the rise of a great power, then the pandemic made them famous in one stroke — they’ve gotten a bit carried away and lost their grip. But reality is cruel: you may be arrogant, but miss the boat and you’ve missed it. Centralisation and decentralisation cannot be reconciled. You can only castrate; and once castrated, it can no longer breed.

We needn’t speculate about how noble anyone’s motives are — that’s pasting shit on other people’s faces, fantasising day after day about the regulators’ greatness, correctness and glory. Pointless. Look only at the actual effects: China’s series of regulatory policies on Bitcoin, on virtual currencies, on mining, has accelerated China’s de-blockchainisation.

When the big pie reaches 100,000, cryptocurrency traders emit wave after wave of gasps and moans.

Why is it said that Dogecoin will always be the big dog and SHIB always beneath it? Because Doge issues new coins; if it can’t win on price, it wins on quantity.

Why, among so many shitcoins, do only the dog-based ones endure, growing braver with every setback? Take a walk around your neighbourhood or along the street: everywhere, people are walking dogs of every colour on leashes. Dogs come with built-in consensus.

Eating up every zero — that will become SHIB’s most powerful self-fulfilling prophecy! Just like the self-fulfilling prophecy Bitcoin is to complete: digital gold. A self-fulfilling prophecy erodes people’s souls and seizes the commanding heights of their minds. In this battle of consensus versus chaos, the self-fulfilling prophecy will supply an endless stream of power for the formation of consensus.