Quote from: AlcoHoDL on Today at 12:50:25 PM

Bitcoin is a strange thing.

-- Before you understand it, it is extremely confusing and makes no sense. This outright kills 99% of all potential adopters.

-- When you understand it, everything becomes crystal clear and falls into place. This happens to the remaining 1%, who HoDL like there's no tomorrow.

-- Traders belong to the first 99%, they just don't know it.

I don't think I've ever encountered anything quite like this in my life.

I agree with the overall sentiment of your post AlcoHoDL.. but something strikes me quite wrong about your 99/1 numbers...

Yeah, we are working with a new asset class, and sure lots of people have trouble getting it, but I doubt it is a 99/1 division - even if current world-wide adoption might be within a 99/1 level.

I hate to attempt to either generalize too much or shoot too much nonsense out of my ass, but think about the matter, there are going to be people who are exposed to pretty good technical and financial information, and some of those peeps are going to fairly easily get the overall ideas of bitcoin relatively easily.. I am not saying that they are going to understand all aspects, but they end up getting bitcoin sufficiently enough in order to establish some kind of a reasonable/prudent BTC investment thesis.

There are going to be people who are easily distracted into shitcoins and there are going to be people who swallow mainstream media talking points hook, line and sinker without recognizing the various ongoing and consistently all over the place contradictions (and some of those folks see the contradictions but feel that they neither have time nor energy to try to sort through matters - not even necessarily blaming them for that).

There are also going to be people who either have no fucking clue what is bitcoin, beyond maybe hearing the word, and some people have not even heard the word bitcoin enough for them to recognize that they had heard it before.

I am already getting tired with my attempt to elaborate on the variety of kinds of people that exist out there, and yeah we might know of some pockets of the world that there are 10%-ish adoption and other pockets where the adoption is less than 1%..and I suppose the punchline is that I neither like you 99/1 assertions that seem to imply that there are great knowledge (and elitisms with the 1% because sure some of us who have been getting bitcoin might have spent a lot of time attempting to study bitcoin and maybe we are lucky in the sense that we had been in the right place at the right time.. and then got sparked in our interest which took us down the road of both studying bitcoin and developing various BTC accumulation/investment strategies)...

By the way, I do appreciate aspects of the 80/20 rule as a framework, and of course there is still going to be a lot of nuance in that too.. and I suppose that that I would consider the 80/20 rule to be somewhat more accepting and less elitism.. and I really do not like elitism categories, even if we can appreciate that there are a large number of early bitcoin adopters who are going to have just a few coins which in years to come will end up putting them quite well in the 1% of bitcoin wealth (which will likely become more and more dominant) - even based on relatively modest early investments into bitcoin. Right now, we have all kinds of ways that people are wealthy, even in the midst of what is likely be the greatest relatively peaceful wealth transfer in history.

Quote from: cAPSLOCK on Today at 01:46:11 PM

Quote from: naim027 on Today at 01:22:29 PM

I am sorry. Should I argue with him? Okay okay. I will follow your suggestions Grin

Oh.. you won't have to "argue with him", really. Just post, and he will handle all the arguing and fussing about. It's easy.

Are you suggesting that I am inclined to argue with my lil selfie...?

You can go fuck yourself.

Angry

I really am really mad (i.e. resemble that statement)!!!!