Hey Jesshitcoiners
The need for green dildos in a world of fragile egos, misinformation is strong. I've made peace with the fact that people want to shitcoin; I get it. I shitcoined too; we ALL have to shitcoin to understand the difference between Bitcoin and these other vaporware blockchains.
I think it's safe to say the vast majority of shitcoin ownership comes from the developed world. They have the privilege of stimmy cheques and low inflation due to the way the monetary policies of the world are set up.
Speculating on shitcoins is a privilege, one I can scarce afford; I cannot afford for my purchasing power to be ripped from me at 90% drawdowns when the tide goes out. I am in Bitcoin to protect what I have from this banana republic money I am forced to earn.
I am trading my Rands for what I think is a better store of value in Bitcoin.
Shitcoining is not for the poor
Now, if part of that 13% of the world where your dollar, Euro, CAD, AUD still holds up each year and you're used to low inflation, you may not see the value in Bitcoin. I totally get that; things that go up 20% in a month is more attractive, it gives you that dopamine hit, and you can always fall back into your local currency when you're done gambling.
The rest of us don't have that privilege; we're fleeing our currencies like financial refugees and finding solitude in Bitcoin. Taking any more risk than that is pure madness and greed, something I see people who can scarcely afford it fall for as these coins continue to pump.
I see people putting their last few cents into shitcoin projects hoping for a moon shot, not understanding the difference between it and Bitcoin.
They've been sold on the hype by those in developed nations who are having fun, getting paid to shill and gamble in these unregulated markets.
Work hard and save up
Shitcoining is a privileged one I cannot afford; all I want to do is work hard and save and know when I come back to it and need those savings, they will be there untouched; this is what Bitcoin gives us.
Like Justin brought sexy back, Bitcoin is bringing savings back. As we move into an equity-based system and reducing the dependency on debt and worse unsecured debt system, you'll see how unprofitable tech really is; if something is driving deflation, it's actually making cost absolute and so too profits.
I know it sounds weird, and you'll need some imagination to wrap your head around it, but if Bitcoin does what it's showing it will do over the next few years, all this bullshit and noise will slowly quiet down as it dies off when it never fulfils its promises.
If Bitcoin fails, do you really think anything below it will take its place and be more robust? Bitcoin is our best shot at achieving sound money and with it comes countless benefits that shitcoins can never bring us.
Have your say
What do you good people of HIVE think?
So have at it, my Jessies! If you don't have something to comment, "I am a Jessie."
Let's connect
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