Difficult to find that 14-minute clip interesting or even relevant when it seems to be largely about Ethereum.
In other words, seems that I just wasted 14-minutes of my life, to the extent that I might not have been attempting to multi-task.
I really think this is a very informative video.
I understand your feeling of wasted life. But there are some things it brings to light that are powerful:
- Humans naturally NEED a leader. A decentralized system is foreign to our natures. We have been wired to seek out trusted parties. Buterin is the story here. They like that he is a genius. They like that he says magic things. And they like gawking at his autism.
- This is still "early times"! Still! Unless Ethereum fails under it's own weight we are going to have to see wave after wave fall for it's impossible promises (And, yeah I know there are some ETH folks in here.. and
maybe all of us have our pet alt (aside from JJG) mine is XMR). But
it is not done yet in my opinion.
I agree with most things that you said, so far, cAPSLOCK, but I have a couple of concerns about your last paragraph.
1) You are overstating the case, if you suggest that everyone in this thread, except me have pet alts. There are more than just me who consider alts a BIG ASS waste of time, and even act upon our convictions. Sure, I hold a few shitcoins, but I hardly give them any attention, besides just holding them and watching them depreciate, relative to bitcoin.
2) I have stated on many occasions, and my opinion has not really changed, that I believe that the odds are pretty damned high that there is going to be some kind of alt season, again. The mere fact that there are a lot of dumb people, and the mere fact that there is going to be a lot of pumpening of various coins for a decently long time into the future does not necessarily justify getting into those projects, especially for folks who kind of agree with the 10 year going into a coma investment plan.. so if you go into a coma for 10 years, what would you want to hold when you come out of the coma... that is kind of my investment perspective, and I am sure that quite a few others believe in a similar kind of investment plan because I did not come up with such plan myself... maybe it is a variation of a Warren Buffet-ism? Anyhow, I heard quite a few other experienced investors assert their conviction about such an investment/plan strategy, and I became convinced to adopt such plan/strategy for myself and therefore to make it my own as a kind of stolen property..., hahahahaha.. but it is mine, too. NOT innovative or novel.... just like DCA'ing and incrementalism are not innovative or novel, but they are practices that I have made to be my own and largely advocate for the soundness of such approaches.. Open source practices/strategies, anyone else can adopt them, advocate for them and even denigrate others for NOT following them, if they so chose.
- Bitcoin is still too new an idea (to the mainstream) to be sexy yet.
Huh? Bitcoin is the oldest of the cryptos.....
A problem for "mainstream" is that they buy the bullshit propaganda talking points regarding pumpementals of shitcoins... and a lot of what that entails, even when they say that they don't believe those bullshit pumpemental talking points, they subliminally end up overallocating into crap.. when likely the shitcoins should compose less than 10% of their playing around crypto -related funds... It is currently less than 1% of mine, and I believe at one time not that long ago, it had been close to 2%, but the less than 1% had come about because the 2% depreciated to less than 1%... and I say to myself.. so fucking what... I just leave that crap there and hardly look at it.. maybe it will end up getting stolen from me, and I am not sure if I would miss it... except maybe it would have been nice to have spent it, but whatever, I don't really care that much because king daddy still seems to have a decent amount of potential to make up for whatever that small portion of my portfolio happens to do or not do.
- Millennials are gonna like VB. He is a millennial. And his ethos is more in line with the left/socialist hyper postmodern millennial worldview. For example his hatred of POW which is based on Greta Thunberg type thinking but also reveals an AMAZING lack of understanding the basic laws of the universe and the miracle of "unforgable costliness" that BTC achieves directly because of POW.
I don't even think millennials are that dumb. Yeah, we hear that crap a lot, but give me a break. They gotta have some brains, don't they. I am not going to buy it that millennials are that dumb.
You just can't tell a story if you don't understand it. And Vice does not understand what Bitcoin is. It's not many people yet who do.
I will give you that part about the story and all the bullshit that goes along with a silly personalized story of the rock star of crypto.. (vitalik), but still... you really think that people believe that bullshit, overall, when the are confronted with real world concepts of sound money?, even if the story and the bullshit nonsense is presented well as a story, like you say?
That is why it only costs 7k. If more understood it would be much costlier.
I don't know about that "only" baloney. We are still floating around 28x of what we were in most of 2015. How much do you want? How can you be complaining about $7k as being "only"? Rome was not built in a day, and neither will be bitcoin. Fuck. Yeah, there is considerable potential to go way higher in price, and also likelihood to go there, but there has got to be UPs and DOWNs along the way, too. I don't really see any problem regarding where we are at currently or that we are really behind schedule. If anything we might even be a bit ahead of schedule.. but whatever, I will take whatever we got, and it seems we have decent likelihood of having another 10x to 30x from here in the next 12 to 24 months... Yeah, there are certainly no givens, but decently good likelihoods, and no need to complain about $7k currently or even if the BTC price drags out at $7k for the next year or two, also... we are still in a decently good place, seems to me.
I am glad Nick Szabo is kind of coming out of the shadows more recently. He, for some reason *cough*, DOES seem to understand what Bitcoin is.
I know that he wants to keep secret that he is satoshi, but hey what you gonna do? It is what it is.
I'd love to see him talk more about it... I don't know about being in a Vice documentary... but something.
He does interview once in a while, you are right... but they are pretty far and few in between.. but in the end, who cares what Szabo says or what satoshi says.. it does not matter. Bitcoin has achieved its objective, largely, and it works.. and it is not broken, and it even has some decent developments on lightning and even possible on chain stuff... so why would we need any leader? We have lots of leaders in bitcoin and a lot of smart people doing podcasts in the past couple of years that have not even been in the space very long, but they are putting out very damned good content. Do you need a list of good podcasts? There is not even enough time in the day to listen to all of the good content related to bitcoin and bitcoin maximalism, which is just likely to become more and more prolific in the coming years, especially if the stock to flow and 4-year fractal pattern models end up playing out, which seem really likely.
Been there.. Done that. I saw it within a week or so of it coming out ( so would have been early to mid November)... I recall that i posted something about it, too.... because I was kind of complaining that WBD did not post onto the let's talk bitcoin network for a week or so after the podcast had already released and I listen to WBD through that LTB network.
By the way, my brain is not going to get any cleaner. I doubt it.. .so stop with your lecturing attempts and trying to suggest that there is something less good about my brain than your own, or whatever it is you are attempting to accomplish with that nonsensical assertion.
Good lord. You twisted almost everything I said into something I did not mean and then wagged your finger at me.
Why did I unmute you?!?!? You are an asshat.
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