Idk if I've ever properly outlined my journey from shitcoiner to bitcoiner!
Gather 'round children, it's story time.
🧵👇 #Bitcoin #Crypto #RoadToMaximalism
2017:
Bought a whole bunch of shitcoins. $ADA $LTC $BAT $ETH $TRX $LINK + others
Avoided #BTC of course. The usual FUD fooled me:
"too slow"
"too much energy/bad for the environment"
"too late, altcoins are cheaper"
"it's boring, has no uTiLiTy, can't do smart contracts/NFTs"
2018-2019:
Bought a decent chunk of #BTC, sold it later for a profit to pay for my travels that year
Felt like hot shit. Wrote blog posts about it LOL.
I was still clueless, it's hilarious to read back on:
🤣 benwehrman.com/the-bitcoin-ta…
Proceeded to continue shitcoining
Got deeper and deeper into "blockchain not bitcoin" mindset. Was reading & reviewing books about it, telling all my friends/family they should learn "crypto"
My mind was in the clouds on how amazing it would be to decentralize every thing on the planet
benwehrman.com/book-review-bl…
At this point my Mt. Stupid trek is so steep that I start a CRYPTO BLOG 🤦♂️🤣
I start spending hours a day, every day, studying every altcoin possible, NFTs, smart contracts, privacy coins, blockchain-based supply chains, oracle plays, you name it.
💩 publish0x.com/@benwehrman
I'm really glad I never deleted it. You can scroll from oldest to newest and watch the intellectual journey unfold in real time
Like most bitcoiners experience, it was a slowwwww trudge escaping the shitcoin marketing spell I was under and learning #BTC
publish0x.com/@benwehrman
*PIVOTAL 2020 MOMENT*
Stumbled onto @mike_maloney's epic series which EVERYONE must watch: "Hidden Secrets of Money" on YouTube.
This was the first critical seed to understanding what money actually is, laying foundation for figuring out #BTC's value.
Emphasis on **beginning** though. I was still shitcoining my ass off on twitter, telling bitcoiners they were closed-minded, toxic, "don't understand the tech bro" etc.
Literally same exact falsehoods $GME ppl are telling me today🤣
This is why I give a shit...I have BEEN there
Dec. 2020:
Not full maxi yet, but understood that all altcoins were competing w/ BTC as forms of money whether they wanted to or not
"Digital gold" began to stick in my brain, thanks to unsubbing shitcoin youtubers & studying monetary history more deeply
benwehrman.com/why-bitcoin-is…
2021:
At this point I'm ~70% bitcoin maxi.
Some MF by the name of @TheRoaringKitty buys a dope stock.
I decide I like that stock too.
$GME rabbit hole begins.
And then...@GameStop announces they're getting into NFTs with @GameStopNFT...🤔🤔🤔
TLDR of my realization the moment $GME announced altcoin plans:
"Alright. Everyone in GME comes from tradfi, from the WSB ape all the way up to @ryancohen/@larryvc. I'd better buckle down and figure out what's real and what isn't, because they're about to start from square 1..."
So, I go back and start listening to all the "toxic maxis" I intentionally avoided for years, since they were mean to my fav altcoin cult leaders
Many hours of @saifedean @jimmysong @MartyBent + others later...
"Fuck. They're totally right about everything. Now WTF do I do?" 🤣
OG Twitter Spaces gang deserves a huge shoutout here as well. These dudes were so awesome, patiently helping me exercise my final remaining shitcoin demons 🧡
🙌 @LukeMikic21 @MrPseu @HodlMagoo @taodejing2 @Meditation_Man @theblej @w_s_bitcoin @itsNeski @Codecologist @mithcoons
The #BTC orange-pill moments I experienced during this learning curve are outside the scope of this post, but to summarize:
"Crypto" decentralization is a lie, they're all just centralized, unregistered securities
None of them will survive when shit gets hairy
Rules > rulers
Decided my final shitcoining hurrah would be an $LRC YOLO, since it appeared to be @ryancohen's top 💩 pick, & a genuine chance to be super early to a @GameStopNFT FOMO pump I could ride before hanging 'em up and committing to #Bitcoin-only.
Got totally rekt. As I deserved. LOL.
Dec.-ish 2021:
Sold every last shitcoin I had and spread the funds between #BTC and $GME.
Hugged my mom. Said a prayer. And locked into my ongoing war with my followers over Bitcoin vs. crypto ⚔️
Little over a year has passed since making that decision, and I've continued studying #Bitcoin and #crypto like a madman since.
(The timing lined up well since I also finished gmesqueeze.com in Dec. 2021, around the same time)
2022:
Gained newfound respect for the "crypto" industry for being the most successful scam ever created. Nearly 100% of the narratives that fooled my own shitcoin class of 2017 have been recycled and regurgitated verbatim. Millions of new past-Ben crypto idiots born
Wild stuff
2023:
And here we are!
Every single book, article, and podcast I've devoured since making the bitcoin leap have made me even more positive that the $GME crowd has gotten this one wrong--all the way up to @ryancohen & @larryvc--and every "crypto" but #BTC is 💩.
That's roughly how the journey went down for me!
Hope that helps add some context on my background, and why I'm so toxically against every altcoin leader repeating the same bogus claims I wasted 5+yrs of my life believing
This shit's personal, and I ain't fuckin leaving🫡🍊💊🦍
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.