A few months ago I wrote this on twitter.
Figured I would bring it back here.
Bull runs tend to make everyone feel like a trading genius so you might be inclined to trade shitcoins.
Here we go 👇
If you're trading shitcoins to make more bitcoin, here are a few things to reflect on you might have overlooked:
If you currently own bitcoin you already have "enough" bitcoin; whatever trading you do for 99.9% of people won't make a difference. Of course, you think you are the .01% because that's human psyche, and casinos would not exist if this weren't the case, so you can probably stop reading.
Trading shitcoins is WORSE than any other kind of trading/gambling: if you subscribe to the idea that bitcoin is a technology for freedom, your trading shitcoins (i.e. giving them liquidity) provides oxygen to the most successful attack (to date) against bitcoin: generating confusion about what it is, and making people believe it's yet another speculative/trading vehicle. If you know this, then you, willingly or not, are participating in exploiting financial and freedom illiteracy.
We are where we put our attention; is your attention on something worthwhile, or is it focused on trading? Even if you just use X% of your attention, are you happy paying a (X%+context-switching-costs) tax to delay the world you want to see just because you want a slightly better position in a hyperbitcoinized world?
Your attention and time are WAY scarcer than bitcoin; are you protecting/respecting these as you do your cold storage?
You probably don't agree with this; otherwise, you wouldn't be trading shitcoins, but I'm writing this on the off-chance that you haven't considered this before and you were just too focused on the "I want more bitcoin" ambition.
TL;DR:
* You are wasting your life-force/energy on something that doesn't improve anyone's life, including your own.
* You are financially supporting scammers creating chaos.
* You are helping delay a tectonic shift in the amount of individual freedom.
PABLOF7z
npub1l2…tajft
2024-01-03 12:20:00
Author Public Key
npub1l2vyh47mk2p0qlsku7hg0vn29faehy9hy34ygaclpn66ukqp3afqutajftPublished at
2024-01-03 12:20:00Event JSON
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"content": "A few months ago I wrote this on twitter.\n\nFigured I would bring it back here.\n\nBull runs tend to make everyone feel like a trading genius so you might be inclined to trade shitcoins.\n\nHere we go 👇\n\nIf you're trading shitcoins to make more bitcoin, here are a few things to reflect on you might have overlooked:\n\nIf you currently own bitcoin you already have \"enough\" bitcoin; whatever trading you do for 99.9% of people won't make a difference. Of course, you think you are the .01% because that's human psyche, and casinos would not exist if this weren't the case, so you can probably stop reading.\n\nTrading shitcoins is WORSE than any other kind of trading/gambling: if you subscribe to the idea that bitcoin is a technology for freedom, your trading shitcoins (i.e. giving them liquidity) provides oxygen to the most successful attack (to date) against bitcoin: generating confusion about what it is, and making people believe it's yet another speculative/trading vehicle. If you know this, then you, willingly or not, are participating in exploiting financial and freedom illiteracy.\n\nWe are where we put our attention; is your attention on something worthwhile, or is it focused on trading? Even if you just use X% of your attention, are you happy paying a (X%+context-switching-costs) tax to delay the world you want to see just because you want a slightly better position in a hyperbitcoinized world?\n\nYour attention and time are WAY scarcer than bitcoin; are you protecting/respecting these as you do your cold storage?\n\nYou probably don't agree with this; otherwise, you wouldn't be trading shitcoins, but I'm writing this on the off-chance that you haven't considered this before and you were just too focused on the \"I want more bitcoin\" ambition.\n\nTL;DR:\n\n* You are wasting your life-force/energy on something that doesn't improve anyone's life, including your own.\n* You are financially supporting scammers creating chaos.\n* You are helping delay a tectonic shift in the amount of individual freedom.",
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