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¯\_(ツ)_/¯
It's not a joke. I truly believe that as Bitcoin HODLers, we should learn more about our investment. It's also no mere investment, it could be the most important asset, like Gold, that might serve as a back-up/fall-back if the current financial system fails/crashes.
Bitcoin's technical design and the design decisions made by the Core Developers ensures that it remains as a form of hard money for internet transactions. Those big institutions wouldn't touch Bitcoin and wrap it in an ETF, if that didn't have any value.
To the extent that you might not be changing your position and to the extent that I can even remember what we were arguing about in regards to whether bitcoin should be considered and presented to newbies as an investment or as something else, such as a technological phenomena that is better than any shitcoin.. blah blah, blah, it could well be that we are
devolving into arguments about semantics... to the extent that you are still worked up about any of my potentially lame attempts at making light of bitcoin-related matters.
No ser, I'm merely telling you that investing in Bitcoin and learning its technical features about WHY it's a good investment is also as important, probably more, as taking it as an investment itself. Many newbies would probably not care, but I believe if experiencing their first -50% drawdown it would be those newbies that would not have enough conviction to HODL.
Thanks for that further clarification, and sure fair enough in regards to a potential importance that comes from trying to understand some of the technical aspects of bitcoin in order to contribute towards the potentiality of developing stronger investment conviction, and so maybe that again is helping to highlight where you and I are considering these kinds of matters regarding the importance
(or lack thereof) technical knowledge differently.
It doesn't have to be a deep understanding of every technical feature of Bitcoin. I believe a mere understanding on why censorship-resistance is the main value-proposition of decentralization would be enough. From that, any person who's willing, could do his/her own research about how that's being made possible and why Proof Of Work and Bitcoin both can't exist without the other.
It's very VERY important for people to learn, or have the interest to learn these matters. They could form their own opinions later on and they'll never be misinformed by fudsters.
, even though perhaps you are sticking with your guns in regards to some necessities for some basic kinds of knowledge and/or conviction about bitcoin, and in that regard, I might not be saying anything too different from you - except probably I am differing in regards to my emphasis to get started investing into bitcoin right away and figure out the details as you go, and of course, the most important details happen to revolve around personal finances, and I stick to my original assertions that technical knowledge about bitcoin is not very necessary, but surely having some ideas about its design facilitating the soundest of monies is a good thing, yet how it does that can be learned along the way, and likely as people learn more and more about bitcoin, it is likely that they will come to realize that each detail of bitcoin is amazing, like you mentioned proof of work, but also the difficulty adjustment and the various ways of confirming the proper chain so that there can be no more than 21 million bitcoin..
and some of the technicalities can become quite difficult to understand - but some assurance can come from bitcoin continuing to run for more than 15 years in spite various attempts to attack it and break it... so the details are likely not even really known by long term hodlers... yet there likely still are needs to get started investing into bitcoin sooner rather than later and also to adjust position size in accordance with personal finances, with perhaps a beginning goal of 5% to 25% allocation towards bitcoin that might take a while to reach.. while at the same time studying the matter to figure out if a change might need to come in terms of allocating outside of that range and then considering how to treat ongoing and likely inevitable volatility in regards to BTC price changes.
No, I'm actually not. Learning what you're investing in is simply common sense. Isn't "Don't Trust, Verify" one of the most important mottos in the Bitcoin community? I know it's applied in a more technical matter where the network validates each and every transaction, removing trust. But in my opinion, it also applies in life to be successful, AND yes, learning about how and why Bitcoin is valuable, not just in a financial definition but also in a technological/social matter, will add to the person's conviction. We're very lucky to get this opportunity.