It probably will though. Because in normie-land Bitcoin is crypto.
I recently had a conversation on the orange tech site about Nostr. And the take-away was that many normies find the fact that as soon as they get on Nostr they’ll have Bitcoin shilled very off-putting. From their perspective it’s ‘crypto-adjacent’ and full of crypto scammers.
Now, I understand why that gets people aggravated. But it really shouldn’t, that’s just the way things are. That also means that in normie-land the price of Bitcoin rising makes people FOMO in. But a significant portion of those will be people who think that if Bitcoin could’ve 10000x, any other ‘coin’ potentially can. Because they don’t really realize that there’s actually a difference. So they’ll go for the cheapest Shitcoin with a pretty website they can find.
For a time this is bound to push up shitcoin prices too. Until the dump part of the scheme, that is. And then the cycle starts anew.
Keep calm and stack sats.
janis / Janis
npub1mf…v27pu
2023-12-24 21:07:55
in reply to nevent1q…eggg
Author Public Key
npub1mfmpks2n5xzymsp665zlczx3yh2tkp2d0n62flsxmc7lw7j9lkzsxv27puPublished at
2023-12-24 21:07:55Event JSON
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"content": "It probably will though. Because in normie-land Bitcoin is crypto. \n\nI recently had a conversation on the orange tech site about Nostr. And the take-away was that many normies find the fact that as soon as they get on Nostr they’ll have Bitcoin shilled very off-putting. From their perspective it’s ‘crypto-adjacent’ and full of crypto scammers.\n\nNow, I understand why that gets people aggravated. But it really shouldn’t, that’s just the way things are. That also means that in normie-land the price of Bitcoin rising makes people FOMO in. But a significant portion of those will be people who think that if Bitcoin could’ve 10000x, any other ‘coin’ potentially can. Because they don’t really realize that there’s actually a difference. So they’ll go for the cheapest Shitcoin with a pretty website they can find.\n\nFor a time this is bound to push up shitcoin prices too. Until the dump part of the scheme, that is. And then the cycle starts anew.\n\nKeep calm and stack sats.",
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}