Post
Topic
Board Altcoin Discussion
Re: Understanding Memecoins: A New Phenomenon in Crypto
by
legiteum
on 17/08/2024, 20:22:00 UTC

Imho it's pretty simple. BTC used to be middle finger for banks and traditional finance. It was an example of counterculture building something new, that old farts wouldn't understand.


I've discussed this directly in my "$15T" thread, but you are bringing up why the Bitcoin community needs to change: most consumer investors just want to make more money, not "give the middle finger to their government". Today, almost all Bitcoin investors do so because they want a return on investment, not because they want a bunch of vague stuff about the downfall of governments.

The sooner the Bitcoin community understands this, the sooner we'll get to the 10x future for the digital currency market. For every cyberpunk who lives outside of the law so they don't have to pay taxes, there are 100 average consumers who don't want to risk going to jail.