janis on Nostr: It probably will though. Because in normie-land Bitcoin is crypto. I recently had a ...
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.
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.