Thread by @ethernaz

Why I think being a #bitcoin maxi is stupid 🤡 🧵 ⤵️

What I’ll cover:

🪙 my personal crypto journey
🪙 my experience in BTC maxi Twitter Spaces circle-jerks
🪙 a question that stumps them all
🪙 why I think they’re stupid (ignorant/brainwashed at best)
🪙 my #btc strategy

1/ I first got into crypto through BTC & ETH, (then Alts, then NFTs)… so I would spend a lot of time on the Maxi Twitter Spaces

In 2017/18 I dabbled a little bit, but never properly understood the value of #BTC / crypto

In March of 2021 is when I went down the 🐰hole FULLY…

2/ I want to preface by saying I love #btc & think it’s one of the best inventions of humankind, bar-none. It is the APEX asset of our day (risk/return adjusted)

I have absolutely no issues with people owning BTC as their treasury asset — kind of like their ‘savings account’

3/ This is where it gets interesting…

BTC maxis think that EVERY OTHER INVESTMENT is some form of a “shit coin” — as in, why invest in ANYTHING ELSE when u can invest in #BTC only: the best risk-adjusted asset sent down from heavens

Anything else, u’re scamming/shit-coining

4/ they think ETH is a shit-coin, & NFTs on them are even shittier… (Their words, not mine) — “why invest”? “It’s a ponzi”

So I would ask them this hypothetical Q:

💭 Imagine that u’re right & the world goes thru “hyper-bitcoinization” (every maxi’s wet dream)…

👇🏽👇🏽(cont’d)

5/

… In that world, when people undertake new ventures which require investments, would you lend them some of your Bitcoin in order to gain back more Bitcoin, if their venture is successful? You know… to “stack sats 😎”

*silence* 🦗🦗

6/

After all… society needs to live off of goods & services (constantly being innovated), & those deemed as “riskier” ventures such as: TSLA, GOOG, AAPL, SHOP, etc. have a different ⬆️risk/⬆️return portfolio

So once the whole 🌎 uses BTC, would u “invest” ur BTC for more?

🦗

7/

Imagine listening to ppl like @natbrunell & @saylor, etc. (& lower-level maxis I won’t name)

& buying in a year ago (vs. partaking in 🔵NFTs, which imo is THE early-stage revolutionary tech innovation happening atm)

U would miss out HUGE!

$500 in @BoredApeYC back then = ❓

8/ Ownership & property rights are ALL social contracts. Society determines what has value & what doesn’t, & how to value it

Even if ETH as a chain got rugged, world-changing businesses & innovations on it can just use a different “book of record” that ppl agree on…

9/

If u think about it, all of these other investments are = indirectly “lending out ur bitcoin” for ⬆️risk/⬆️return assets —

oh u know… people that are actually building value in this world instead of sitting on their assess / doing normie shit, “hodling” & “stacking sats😎”

10/

What’s my strategy?

Use #BTC like it’s my “savings account” (NOT investments-account)

If u’re really forward thinking & a big believer in crypto — don’t be a “bitcoin-only” maxi & miss out on 🌎-changing innovation

The real 🚀 value is in things being built, not “HODLed”

If you enjoyed this🧵, the nicest gesture in twitter is an RT. RT'ing the first post (shared below for your convenience) would help tremendously in getting it infront of more ppl like you. Always appreciate our frenship ♥️

https://twitter.com/ethernaz/status/1528002268133572608