“Crypto” is just trying to ride bitcoin’s coat tails and present themselves as also going against the normal financial institutions.
​
They’re a wolf in sheep’s clothing so many companies trying to fool hapless consumers into buying their shit as “The next bitcoin” when they all have dumb shit like premines and staking,
I think there’s a style of propaganda that hasnt really been named yet.
Its when the propaganda actors try and ruin a good thing by getting morons rabidly involved thus persuading those intelligent folk that had been established adherents to question the validity of their original beliefs.
I’m a shitcoiner and I think smart contract blockchains are more related to bitcoin than to fiat. I do agree that shitcoins are mostly centralized and that few are less centralized, but still not fully decentralized. Nothing compares to bitcoin in terms of security and decentralization and nothing ever will. TBH I keep losing sats every rally because I’m chasing the next big thing when I already posses it.
The reason I think its more related is due to price action. My analogy is, bitcoin is the ground all other crypto stand on, it will always be there no matter what and it’s safer than anything else. LN and Smart contract blockchains are the infrastructure being built on that ground (think of it like streets, blocks, highways), they can fail and go to shit, but are relatively safe. dApps and CEX are the businesses on top of that infrastructure (malls, marketplaces, retail stores, etc), they are very unsafe to invest on, but if you hit the right target, you could make a killing, if you hit the wrong one, you’ll lose all you invest.
I understand the message, but, to be fair, crypto is not a subset of Fiat. Especially because crypto is not enforced “by decree”. Shitcoiners participate on those scams by will, while citizens MUST use Fiat money under penalty.
A digital version of our centralized mainstream economy, with a bunch of bad businesses, and banks, trying to hustle you out of your money by lying to you 24/7 about what they offer.
Ethereum
A digital version of the central banking system
If I were a national government, I would look to co-opt Ethereum, before it implodes on itself.
Just take it over and rebrand it to suit your needs. You won’t build anything better, on your own. Just print some more Monopoly money and buy them out. I think that’s what Vitalik really wants.
At least then they won’t be able to make anymore shitcoins…..
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Can you explain this a bit? I’m genuinely curious
Based
True
With respect to many cryptos, this meme is an inconvenient truth.
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So in volume there as much Bitcoin as fiat. Got it !
A bit of truth in this
“No, our glorious leader who fundamentally changed the rules again isn’t just a central bank president with less oversight!” lmao
Wholeheartedly agreed.
“Crypto” is just trying to ride bitcoin’s coat tails and present themselves as also going against the normal financial institutions.
​
They’re a wolf in sheep’s clothing so many companies trying to fool hapless consumers into buying their shit as “The next bitcoin” when they all have dumb shit like premines and staking,
[deleted]
I think there’s a style of propaganda that hasnt really been named yet.
Its when the propaganda actors try and ruin a good thing by getting morons rabidly involved thus persuading those intelligent folk that had been established adherents to question the validity of their original beliefs.
I’m a shitcoiner and I think smart contract blockchains are more related to bitcoin than to fiat. I do agree that shitcoins are mostly centralized and that few are less centralized, but still not fully decentralized. Nothing compares to bitcoin in terms of security and decentralization and nothing ever will. TBH I keep losing sats every rally because I’m chasing the next big thing when I already posses it.
The reason I think its more related is due to price action. My analogy is, bitcoin is the ground all other crypto stand on, it will always be there no matter what and it’s safer than anything else. LN and Smart contract blockchains are the infrastructure being built on that ground (think of it like streets, blocks, highways), they can fail and go to shit, but are relatively safe. dApps and CEX are the businesses on top of that infrastructure (malls, marketplaces, retail stores, etc), they are very unsafe to invest on, but if you hit the right target, you could make a killing, if you hit the wrong one, you’ll lose all you invest.
Few understand
Almost.
Idk why there is this big anti-crypo and pro-bitcoin wave but I’m here for it and love it
I understand the message, but, to be fair, crypto is not a subset of Fiat. Especially because crypto is not enforced “by decree”. Shitcoiners participate on those scams by will, while citizens MUST use Fiat money under penalty.
Bitcoin rules!!!
Shitcoiner here, this is accurate and don’t hate it.
Banker’s hate this one simple trick.
*Buy & HOLD Bitcoin*
I stopped caring about what society thought about bitcoin back in 2007. I just DCA And carry on with my day-to-day life.
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Backwards. Fiat is a subset of shitcoins
This is visual poetry.
The smartest thing I did was consolidate my shit coins into BTC in 2021. I dabbled in shit coinery for short swing profits. Never again.
!lntip 500
Love this visual
The Incredibly Fake News loves lumping Bitcoin and Crypto together
That’s where the mainstream perception comes from
Brainwashing.
Crypto
A digital version of our centralized mainstream economy, with a bunch of bad businesses, and banks, trying to hustle you out of your money by lying to you 24/7 about what they offer.
Ethereum
A digital version of the central banking system
If I were a national government, I would look to co-opt Ethereum, before it implodes on itself.
Just take it over and rebrand it to suit your needs. You won’t build anything better, on your own. Just print some more Monopoly money and buy them out. I think that’s what Vitalik really wants.
At least then they won’t be able to make anymore shitcoins…..
There are only 2 kinds of Cryptocurrrency, Bitcoin and Shitcoins. If it is not Bitcoin then it’s a shitcoin.
fiat is infinite, so is crypto.