Orange pilling is another word for marketing. Bitcoin has no marketing department so how are the public made aware of the features and benefits?
To truly understand the benefit of self custody the new-coiner must have some prerequisite knowledge. From my experience, many of these people have done little to no work in acquiring that prerequisite knowledge. They buy Bitcoin anticipate NGU and look to sell for a "profit". As we know reverting Bitcoin back into fiat profits is high time preference but without a full understanding of the benefits that saving in Bitcoin offers, the new user isn't interested in learning.
On boarding a new-coiner even with a custodial wallet is marketing the feature of peer to peer money. We know it's not the white paper gospel but the new user gets to test drive the network. Some could care less of the features and aren't convinced that Bitcoin is any different than ApplePay or Venmo. "If they don't get it, we don't have time to try to convince them". Others might become curious and look further into the features which potentially leads them to discovering the benefits of hard money. The rabbit hole awaits.
So I am of the opinion that we get as many people as possible, the exposure to Bitcoin. From there, what they choose to do with it is on them. As we know, people will get Bitcoin at the price they deserve. Some ETF holders may sell that IOU back into fiat rather than converting into self custody Bitcoin. They, like many from the class of 2013, will look back at that profit taking and lament. Only then, will they understand.
Reverend Hodl
npub1fd…lglhr
2024-11-05 17:43:09
in reply to nevent1q…w8ky
Author Public Key
npub1fdhjvx4kwxrw8gtxzqef8e4573ftxlx5g25ynln4096js979qvlqnlglhrPublished at
2024-11-05 17:43:09Event JSON
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"content": "Orange pilling is another word for marketing. Bitcoin has no marketing department so how are the public made aware of the features and benefits? \n\nTo truly understand the benefit of self custody the new-coiner must have some prerequisite knowledge. From my experience, many of these people have done little to no work in acquiring that prerequisite knowledge. They buy Bitcoin anticipate NGU and look to sell for a \"profit\". As we know reverting Bitcoin back into fiat profits is high time preference but without a full understanding of the benefits that saving in Bitcoin offers, the new user isn't interested in learning.\n\nOn boarding a new-coiner even with a custodial wallet is marketing the feature of peer to peer money. We know it's not the white paper gospel but the new user gets to test drive the network. Some could care less of the features and aren't convinced that Bitcoin is any different than ApplePay or Venmo. \"If they don't get it, we don't have time to try to convince them\". Others might become curious and look further into the features which potentially leads them to discovering the benefits of hard money. The rabbit hole awaits. \n\nSo I am of the opinion that we get as many people as possible, the exposure to Bitcoin. From there, what they choose to do with it is on them. As we know, people will get Bitcoin at the price they deserve. Some ETF holders may sell that IOU back into fiat rather than converting into self custody Bitcoin. They, like many from the class of 2013, will look back at that profit taking and lament. Only then, will they understand.",
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