Bitcoin Talk 010: Bitcoin's Most Mature Use Case Is Fleecing the Newcomers

When might Bitcoin accidentally hurt you? Only when you hold enough fiat and enough shitcoins!

Every time Bitcoin and the cryptocurrencies fall, it is because those who have finished fleecing the newcomers are discarding their tools, cashing out and leaving the scene; at such moments the price naturally takes a discount. The sickle is still the same sickle — the question is whether you’ll pick it up, and whether you have the stomach to harvest other people’s leeks with it. Everyone must keep a clear head when looking at things.

Blockchain’s most successful application is Bitcoin, and Bitcoin’s most mature use case is fleecing the newcomers.

As long as Bitcoin can go on being used in the fleecing business, Bitcoin will not die.

Old comrade Satoshi never imagined that this thing he casually tinkered into existence — Bitcoin — would blight tens of millions and bless tens of millions. Some cry for its blood; others savour it with delight.

Bitcoin is the finest, sharpest sickle Satoshi gave us retail investors. This sickle cuts through iron like mud; what it severs is the lifeline of the money-printing machine, and what it wins for us is the sanctity and inviolability of private property.

Dogecoin produced its first block in December 2013; Ethereum produced its first block in July 2015. So Dogecoin is actually senior to Ethereum.

Under judicial pressure, PayPal will, under various powerful wills, close the accounts of specific users on its platform. But Bitcoin doesn’t play that game. Bitcoin is meta-violence, and meta-violence has no leanings. Both righteous and wicked.

We defend only what we deeply love; we deeply love only what we understand; we understand only what we are familiar with; we are familiar only with what we are trapped in. The coins that can trap a broad mass of people are the ones with the brightest future.