this post was submitted on 02 Sep 2023
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i'm not pitching. if you need to launder money or evade sanctions, then use Bitcoin (with all the caveats). if not, then don't.
the amount of (well-deserved) hate against cryptocurrency interacts with Poe's law in a way that makes it difficult for someone who's not actively involved in that area (me) to track reality. like, i see this meme and think, "oh, is it finally, actually dead?" and then check and it's not. but other people don't check, and then every family reunion i have to deal with a dozen relatives asking "is (colin's misguided libertarian friend) ok? i heard crypto crashed." he's not ok -- he's a misguided libertarian -- but the premise of the questions are just false, and it's not hard to trace where they formed the beliefs that would have them ask it.
Keep preaching.
I remember the days when everyone was excited over the price hitting $10K. Now here we are sitting at $25K, yet people are calling BTC a "Ponzi Scheme". Give me a fucking break.