Farley on Nostr: The "BITCOIN TO $10 MILLION!!!" hyperbole isn’t just cringe—it’s actively ...

The "BITCOIN TO $10 MILLION!!!" hyperbole isn’t just cringe—it’s actively repelling the very people Bitcoin needs to onboard. IMO here’s why:

1. The "Gambler’s Aura" Problem
Crypto’s Casino Reputation: When Bitcoin is framed as a lottery ticket (e.g., "Turn $1,000 into a Lambo!"), it triggers skepticism in normies.
Psychology of Large Numbers: To non-gamblers, "$1M per BTC" sounds like "unicorn math"—detached from the reality of their paycheck, rent, or groceries.
Result: The masses dismiss it as a Ponzi meme, not sound money.

2. The Scarcity Blind Spot
Humans Can’t Conceptualize Absolute Scarcity:
We understand relative scarcity (e.g., "There’s only 1 pizza left!").
But 21 million Bitcoin? That’s abstract—like trying to explain the size of the universe to a goldfish.
Time Preference Mismatch:
Bitcoin rewards long-term savers (low time preference).
Fiat addicts want "number go up now" (high time preference).
Result: The "store of value" pitch falls flat when people are conditioned to chase "number go brrr."

3. How to Fix the Messaging
Speak in Relative Scarcity
"There’s 5x more gold than Bitcoin—but Bitcoin is 10x more useful."
"21 million BTC vs. 8 billion people = 0.0026 BTC per person."
Compare to What They Know
"1 BTC = 35 years of median U.S. rent (at today’s prices)."
"The U.S. printed more dollars in 2020 than all Bitcoin combined."
Ditch the Moonboy Crap
Bad: "BTC to $1M or you’re poor!"
Good: "What if your savings couldn’t be inflated away?"