It could be that your brain has been fried from years of drinking, yet it seems problematic to be trying to narrow down bitcoin into certain use-cases or certain utility, especially since you have already said, in previous posts, that there can be various interpretation or even various use cases for bitcoin.
You're conflating my commentary on blocksize utility and financial integration with my commentary on the kneejerk reaction of bitcoin maxis to anything other than bitcoin.
I am also conflating personal action and theory, and on an individual level, there is likely a whole hell of a lot of importance in figuring out our own bitcoin allocation in terms of our concerns about present and/or future utility and in light of our own budget and abilities to buy bitcoin as compared with other places that we might choose to put our time, energy and value.
So, why should we give any shits in regards to the extent that some people might be classified as bitcoin maxis or not? Your desire to distinguish yourself from "bitcoin maxis" seems to show that you still have not figured out the superiority of bitcoin or been able to differentiate that dog from the tail.
As a hint, the tail does not wag the dog, so it is good to recognize that dynamic in bitcoin, especially if you are going to make sure that you are personally investing a sufficient amount of time, energy and value into bitcoin rather than getting distracted into irrelevant matters.
Maybe another dynamic is worth highlighting in regards to the increased involvement of larger players in the bitcoin space, including governments, financial institutions and various battles related to self-custody and transacting in bitcoin. Surely each of us has to figure out the extent to which we might choose to involve ourself in self-custody of bitcoin versus keeping bitcoin on exchanges versus getting involved in bitcoin derivative products, and sure we cannot deny that those products might end up affecting our own choices and even how many options that we might have and the ways that we might transact in bitcoin.
For sure, we cannot completely ignore the various ways that bitcoin is being used based on changes in the players in the space, even though there is likely ongoing value to making sure that we are holding some amount of our value in self-custodian kinds of ways, even though surely there are guys (perhaps including yourself?) who are also getting involved in bitcoin derivative products or otherwise failing/refusing to sufficiently distinguish between self-custody bitcoin and various bitcoin third-party and/or derivative products.
If you understand bitcoin you should be excited for crypto in general imo.
To the extent that it matters, do think that you understand bitcoin better than me? You proclaimed that you had removed yourself from bitcoin several times in the years, and you seem to be having difficulties distinguishing bitcoin from crypto.
Sure, you can do what you like, and you can prioritize what you like, yet I doubt that there is a whole hell-of-a-lot of value that comes in either getting distracted into shitcoins (or other crypto products) or wanting to convolute a potential bitcoin discussion into crypto (perhaps by denigrating bitcoin maxis and not really understanding the value of bitcoin and/or bitcoin first perspectives).
There surely guys who believe that there might be some value in diversifying their finances and their focus, and surely you can look through quite a few of my posts/threads in which I argue that there tends to be quite a bit of value in focusing on bitcoin first and investing into bitcoin first, so in that regard, finances and focus would be on bitcoin and cash until the holdings are built up to a certain acceptable value such as investing 1-2 years of income (or perhaps expenses) into bitcoin, while at the same time building up back up funds that are kept in cash, so perhaps a deciding factor in diversification may well be the build up in cash rather than the build up in bitcoin, even though surely many times it will take guys quite a long time to build up their networth to even relatively minor levels of 3-6 months or more of their expenses in a combination bitcoin, cash and any other places that they might hold value.
Of course, there is a lot of discretion in terms of how to build wealth that also relates to the extent to which a person might be starting from zero or even starting from low amounts of discretionary income (and of course discretionary funds are needed to invest at all, since if there are no discretionary funds then buying bitcoin ends up being trading and/or gambling rather than investing to the extent that you even know the difference). So, then the more resources a person has, then the more options that they have, yet many times, we should not be presuming that average bitcoin newbies are starting out with much if any resources beyond perhaps having discretionary income, and yeah, if they have more resources, then that factor helps them out to have more options in regards to whether to allocate to bitcoin and if so how much to allocate to bitcoin versus other places that they might chose to allocate their time, energy and value.
Bitcoin is fine, I don't need to defend it. It will live if I critique it. It won't disappear if I put 5% in some other projects, and it doesn't necessarily mean I have to sell any of my bitcoin stack either.
Of course, guys can do whatever, they like. I tend to recommend that guys do not get involved at all in any other projects in the beginning of their building their investment in bitcoin, yet surely we cannot take guys away from their inclinations to trade, gamble or to get involved in shitcoins, which surely the trade/gamble angle can be seen from your HODL post, yet at the same time, there is no reason to believe that you are also not inclined to get distracted into shitcoins, so in that regard, I have frequently suggested that guys do not put anymore than 10% of the size of their bitcoin investment into shitcoins and/or trading/gambling... and, yeah guys are going to do what they like, yet if they might consider limiting their exposure to nonsense then they may well be able to better able focus their time, energy and value into bitcoin rather than inferior products and/or inferior approaches...so yeah, I suppose my frequent concession of up to 10% of the size of the bitcoin investment in shitcoins, trading/gambling remains a bit of an acknowledgment that guys might have difficulties in not getting distracted away from bitcoin.
In fact if you want to build your BTC stack you should take notice that alts aren't going away, diversify some tiny amount when BTC is high vs alts, then fold back into BTC when the opposite happens. One of the safer strategies if you ask me. And there's a few alts that would have made you bank if you hodled them since 2013.
It seems quite strange that you are ongoingly distracted by alts, since 1) there are not very many alts that would have had actually outperformed bitcoin, whether we are referring to starting in 2013 or even 2016/2017 as our starting date, and 2) it seems quite amazing that you feel that you would have had to have needed to outperform bitcoin, especially if you had been able to do most of your bitcoin accumulation in those earlier years, such as 2013 or even if you had done most of your bitcoin accumulation prior to 2017... Of course, the earlier that you had built up your bitcoin holdings the better, even though even longer and drug out bitcoin accumulation still would have ended up doing well for guys who had gotten involved in bitcoin early and stayed focused on bitcoin rather than playing the lottery in some kind of an attempt to figure out which shitcoin (or other project) happens to be less shitty than the overwhelming majority of shitcoins and/or shitcoin-related projects.
It is what it is, I'm glad bitcoin is doing well even if I disagree with some things about it.
I am glad that you appreciate bitcoin, since if it were not for bitcoin, the other various shitcoin (or what you like to call it, "crypto") would not even exist in any kinds of a form or format that would have much if any value. Bitcoin brings value to the whole space in terms of bitcoin having had invented, introduced, discovered a kind of paradigm shifting way of interacting with the world - that had not existed prior to bitcoin,.. and yeah, to repeat my earlier point, bitcoin happens to be the dog, and you seem to ongoingly have difficulties appreciating/recognizing doggie bitcoin (aka king daddy or king doggie).
We don't have to agree on everything about it that's part of what makes it great. Like, the voting mechanism described is genius, even if i don't always agree with the result. It's about THAT part, the innovation and the downstream things it enabled, the cryptopunk ethos and drive satoshi had to solve a novel problem. That is what really excited me, that's why I bought it, that's why I still have it and that's why I participate in its derivatives.
At least you seem to recognize bitcoin as the source of value, even if you seem to ongoingly be distracted by derivatives, which likely has contributed to a lot of underperformance of your own holdings, even if seem to want to insinuate that there are some potential greater values in investing in and/or HODLing derivative products rather than bitcoin itself.
I am not going to deny that there are a lot of folks who are able to and who also have been able to benefit from number go up technology (or price exposure to bitcoin) that comes from holding bitcoin derivative products, and yeah, there are ways to benefit from derivative products, even though bitcoin would not have any value if there weren't abilities to hold and transact in bitcoin directly..and yeah on an individual level guys can choose not to hold and transact in bitcoin directly because they might even get some side bribes (such as tax advantages, yield, not being harassed, etc etc by holding paper rather than real bitcoin)....
and of course, we do not have to agree since part of the benefit of a forum like this is that we can interchange ideas and each of us can figure out our own ways of balancing what we are going to do or how we are going to talk about matters, and for sure, some guys will end up being more right than others and some guys will end up tailoring their own balances better to their own situations than others, and we are not always going to know the variation of performance between guys or even accurately assessing our own performance as compared with what it could have had been or should have had been might be challenging for some guys.
No matter what, a certain quantity of mistakes will be made, and some guys will figure out and adjust better to their mistakes than others.
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Lol, after reading his reply, I was confused because I partially didn't understand, but I had to maintain my steez as if I am a bitcoin guru.
There's a distinction between OGs and the new forum users. Knowledge reduced, sarcasm also did reduce and most notable is conversations are becoming too mechanical, as in when you contribute with a set of rules in your head to obey. Those old dudes did enjoy more value than noise and more freedom of expression.
You (@KingsDen) seem to be presuming that OGs ended up getting their bitcoin versus "crypto" matters right and that they were able to hang onto a sufficient amount of their bitcoin (to the extent that they had any and they were not mixing up bitcoin and shitcoins) so that their various fuck ups along the way did not end up contributing to their continuing to fuck up, over and over and over, rather than learning from their mistakes.
For sure, we can grant that the guys who got into bitcoin early could have had fucked up in very significant ways and still ended up performing quite well in their bitcoin performance as long as they still ended up buying and/or HODLing bitcoin. We cannot presume that the mere assertion that guys might have had made that they accumulated and/or held their bitcoin that their assertions about what they supposedly did is true and/or that they were able to advance out of their bitcoin accumulation phase and into either maintenance phase or some other variation of having enough or more than enough bitcoin..
because surely we can look back historically and even use some BTC DCA tools in order to verify what even some modest and persistent bitcoin accumulation could have had accomplished, yet frequently so many guys, do not have bitcoin holdings or wealth that are equivalent to what some kind of a modest DCA accumulation approach would have had accomplished.
There are plenty of OG bitcoiners who have not gotten out of their accumulation phase and who even seem to be quite early in their accumulation phase, and sure we cannot really know for sure about the reasons in terms of whether there are objectively problematic issues or merely definitional issues.
Take even a very modest bitcoin accumulation approach of
$50 per week that GameKyuubi could have had begun on the day of his famous HODL post. $33.5k would have had been invested, and nearly 23 BTC would have had been accumulated. Admittedly most of the bitcoin would have had been accumulated in the first few years, but still accumulating 23 BTC over nearly 13 years would be a quite great place to be, and I doubt that GameKyuubi has any ways to show that he did better from whatever fucking around that he had been doing with shitcoins over the years, unless maybe he launched some shitcoin that he could try to take advantage of his fame that may or may not end up working out for him.. so surely there can be advantages in ongoing BTC accumulation, even if earlier bitcoin guys might not have ended up lump summing into bitcoin.
When “HODL” became popular, did it change how people interacted with you on the forum? I’m curious whether you still felt like a regular member or whether people started expecting every comment from you to be about holding Bitcoin.
Haven't you been able to notice that GameKyuubi had not really practiced accumulate HODL over the years, which would have had been quite great for him financially (and probably psychologically too) if he had ended up practicing it rather than merely posting about the idea of it.
