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gsovereignty15d ago
Absolutely yes. It's the endless September problem combined with the adoption curve, 80% of bitcoiners are new and think they know everything. Also the vast majority of people who joined after 2016 are relying on unearned knowledge because they haven't put any effort into understanding it from first principles and simply adopted the principles of people who predigested everything and wrote books or started a podcast. This wasn't really an option before 2016 and so everyone was forced to do their own thinking (while being called a conspiracy theorist by anyone they talked to about it).
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Replies (3)

gsovereignty15d ago
Just look at the knots crowd, I've yet to find one who understands the basic fundamentals of consensus, half of them don't even understand what a UTXO is but they are so confident they know everything.
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Bbdd2ae…cccc1715d ago
yes for sure. Bitcoin only for people with more than 120 IQ. this should be the Policy.
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CZIGO15d ago
“Unearned knowledge”. C’mon man, Bitcoin is for everyone, that’s the point. Getting to first principles is a part of the path. I agree that there’s terrible takes and ideas, that’s also a part of being in a free market - bad ideas that don’t create value eventually get rekt. Sound money being accessible to everyone regardless of sophistication or whatever **is** the value proposition.
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