Post
Topic
Board Bitcoin Discussion
Re: What does BTC mean to you?
by
Iranus
on 18/03/2024, 07:41:33 UTC
One more thing, I think many people come to bitcoin not because of the freedom and privacy that bitcoin brings. Profit is what we are looking for in bitcoin and that is the main goal more than anything else.

People come for both, and they may or may not be as maniacally focused on profits as you are making them out to be.

Sure if you are in profits, then you are more comfortable..

But some people already have profits and comfort in their lives prior to coming to bitcoin, so they may well use bitcoin as a hedge and/or as a way to buttress their already comfortable situation.

None of us has to be maniacally focused on bitcoin profits or even presume that everyone is a greedy bastard in order to want to have bitcoin, even though surely bitcoin does provide incentives for those involved in bitcoin (even including miners) to pursue their own self-interest and their pursuit of their self-interest buttresses the strength of the BTC network.

In other words, there are already built-in incentives in bitcoin to pursue good, just and correct things and end up getting rich at the same time, even if some people might not be obsessed with such getting rich process.. and by the way, in regards, to the getting rich part of bitcoin, it mostly likely comes way easier for any of us who do not become overly greedy, since if you get overly greedy, you may well end up getting punished through BTC's volatility - and perhaps even reckt because you were being way more greedy than you should have had been - which truly also might have been part of the explanation for several of the fallen bitcoin businesses (and several of their customers) in the 2022 cascading of damages that played out through much of the second half of the year.

Once it is called investment, profit is the top priority, and when people have profit and money, they start to think of privacy and freedom.

Yes, people come to bitcoin for both but what I want to say is that I just see people always talking about the privacy, the freedom that bitcoin brings. Meanwhile, profit is the first thing they need and care about, but no one mentioned it at all, I find it very strange. The most obvious example is that out of 10 topics on the forum, there are 9 topics discussing bitcoin price and its fluctuations. I rarely see people as actively talking about the benefits of bitcoin such as decentralization, privacy as we often discuss its price.