Post
Topic
Board Bitcoin Discussion
Re: Remember
by
BoB_Bass
on 22/06/2024, 22:49:39 UTC
I'm a new account here but I've participated on other platforms over the years. I've come across Greg Maxwell/null c on more than one of these and I've always appreciated his wisdom.

The problem I find with a lot of online bitcoin influencers is that they have an attitude of "why do something if it's not the most profitable thing to do."  For example I see a lot of advice online like " don't bother solo or pool mining if you have old equipment, just buy coins instead", " there's no advantage to running a node, it's just an expense", "don't use ATMs or peer to peer, only use the largest exchanges because they offer the best rates", that advice will resonate with people who just want to make as much money with the lowest expenses but if you believe in bitcoin why not support the network with a node, mine to a solo pool or a smaller pool to make a (tiny) impact against the centralisation of the big mining pools. 

If everybody had the current attitude in 2009-12 there is no way that Bitcoin would be where it is today, if it wasn't for early miners, 10,000 pizza guy, Gavin with his faucet, AA giving away free coins in almost empty conference rooms, and all the other early guys Bitcoin wouldn't be where it is today.  People who took chances and made what would look like poor financial decisions should inspire us to maintain Bitcoin's biggest strength.  Decentralisation.