Anyone else starting feel like Bitcoiners and sound money advocates are becoming a minority in this industry?

Bitcoiners were once 100% of the people in this industry. Now it seems maybe we occupy maybe 25% and most of the 25% don't really hold the values of sound money. They are just here for number go up.

Our love for sound money was once the unifying glue that held the entire crypto industry together under shared interests. We were all working together to bring sound money to the world.

I don't think the broader industry does love sound anymore, because when I point out obviously scammy attributes like grifters making premines coins, VC token allocations and centralizing governance, I get booed out of town and called a "boomer" or a "fudder". To these people, crypto isn't about building sound money but instead just a mechanism to get rich.

If your goal is just to get rich, then yeah making a premined shitcoin scam and leveraging your influence to get others to buy in is an easier way to make money than to own Bitcoin. That's why everyone with money, power, and influence are creating their own shitcoin, it's a 0 risk way of building a pyramid scheme where they are at the top of the pyramid and the funds get shuffled back to them.

It's all a giant fucking scam and hate it all. It's the antithesis of what I am here for.

Anyone else feel like we are losing the battle of sound money?

Submitted December 19, 2021 at 06:43AM by ShotBot https://ift.tt/30ICC3A