Libertas Primordium on Nostr: The distinction is semantic, not technical. When I first discovered Bitcoin, there ...
The distinction is semantic, not technical. When I first discovered Bitcoin, there was only Bitcoin. Since then I've watched dozens and dozens of projects spring up. 90% of them are outright frauds. Scams. Of the other 10%, 90% of those will fail. That's just basic back of the envelope tech startup math. That leaves 1%.
So Bitcoiners say Bitcoin is not crypto and all crypto projects are scams, to steer unsuspecting nocoiners away from watching their finances go down the drain with some doomed crypto project.
Published at
2023-03-28 12:08:20Event JSON
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"content": "The distinction is semantic, not technical. When I first discovered Bitcoin, there was only Bitcoin. Since then I've watched dozens and dozens of projects spring up. 90% of them are outright frauds. Scams. Of the other 10%, 90% of those will fail. That's just basic back of the envelope tech startup math. That leaves 1%.\n\nSo Bitcoiners say Bitcoin is not crypto and all crypto projects are scams, to steer unsuspecting nocoiners away from watching their finances go down the drain with some doomed crypto project.",
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