Bitcoin > Crypto
We’re not all in this together.
Peter Petrov said, “This little fight between Ether and Bitcoin needs to stop. It doesn’t make much sense if we’re all on the same team.” Obviously, I don’t think it’s that simple. When you first come to the space, you may believe that we’re all on the same team. But here’s a simple life hack you can use when someone says, “We’re all in this together.”
It’s also the lie we’ve been told for the past two and a half years. We’re all in this together human rights and we’re all in this together from the UN, but it turns out that some pigs are more equal than others. This goes back to Orwell’s idea that all animals are equal, but some animals are more equal than others.
“Ethereans” say, “We’re all on the same team! Help spread the word that we’re all on the same team!” and then they start doing the opposite in interviews with well known people like Brian Armstrong of coinbase and Anthony Pompiano “Pomp”. Both of these people are not good for the Bitcoin space, in my opinion. For example, coinbase is supporting Ripple against the SEC, and we all know what kind of people “Pomp” has on his podcast supporting BlockFi and FTX. This is because we don’t all have the same reasons to do what we’re doing. Lots of crypto founders and their VC investors, like “Pomp” and Brian Armstrong, printed up a lot of their coins for themselves and their VC backers. Coinbase, even though it doesn’t invest directly in a lot of these tokens, benefits from the general casino atmosphere and it’s basically a liquidity path that allows VC’s to dump their tokens on retail investors.
You should know that VC’s are lobbying Washington DC hard behind the scenes. For example, Andreessen and Horowitz (a16c.com) is lobbying in Washington DC to help set the standards for crypto regulation. They want a web3 Cesar, which is similar to what the banking lobby does. What Andrews and Horowitz and these other Venture capitalists and crypto token founders are doing is lobbying for legislation. By using his money to attack Bitcoin and try to get it to switch from proof of work to proof of stake, you are really ripping out the heart of Bitcoin and what makes it so special, neutral, and hard for billionaires like Chris Larson and Brian Armstrong to control.
For example, Chris Larson gave $5 million to Greenpeace to spread all this environmental nonsense about Bitcoin. This is a complete lie, and then we have Vitalik trolling about how worried he is about Bitcoin. He says, “I’m so worried about Bitcoin, maybe you should buy the token I made for the Bitcoin energy fund.” He calls anyone who supports global neutral money a “Bitcoin maximalist” or a “Bitcoin maxi pad.” This is what Vitalik will be known for in history. I would say to Vitalik, “You do know that money is a winner-takes-all category, don’t you? This is a complete this is a very deep competition this is a war between different forms of money.”
Since at least World War II, the US dollar has been the global Reserve currency, and every other form of money is measured relative to that. I think something similar is going to happen to bitcoin this year. Bitcoin is a decentralized, neutral global reserve asset. Now, I’d like to say that it’s still important to be polite and kind to people. The main people I make fun of are the people who started the coins, not the people who were brainwashed into supporting them. So, it’s important to be polite and kind to people, especially newcomers who are interested in the truth.
Bitcoin is in the news on Main Street. Bitcoin will succeed without you. Bitcoin doesn’t need me, and it will succeed without me. Not everyone will make it onto Satoshi’s Arc, and I think this is a good metaphor for what’s going on. If you store your money in the wrong currency, it can ruin your family’s finances, as we’ve seen in Venezuela, Zimbabwe, Turkey, and Lebanon. Here’s a bigger reason why we’re not on the same team: those who make and sell altcoins, which are always just unregistered securities, are actively delaying the inevitable move to a Bitcoin standard. As such, they’re “de facto” on the same side as the central bankers, no matter what they say. Those who buy altcoins are also actively delaying a Bitcoin standard and slowing down human progress, whether they realize it or not. Cryptocurrencies are parasites that try to live off of Bitcoin, but Bitcoin is the only truly scarce digital asset. It’s the only thing out there that’s not an unregistered security, so it’s logically impossible for bitcoiners and altcoiners to be on the same team. We’re not all in this together, and we’re not all going to make it, so make sure you pick your side carefully and know what you own.
