Damus
Trey profile picture
Trey
@trey
In January 2018, Mr. Money Mustache — one of the godfathers of the FIRE movement — published a piece called "Why Bitcoin is Stupid." Bitcoin was trading around $14,000 at the time.

I was late too. First heard about bitcoin in 2011 at $10. Bought a little in 2014. Didn't get serious until 2018. The opportunity cost of not paying attention earlier is staggering.

Bitcoin looks dumb at first. Fixed supply. No CEO. No customer service. Doesn't care who you are or what your government thinks. You can't lobby it, inflate it, or shut it down.

That's the whole point. Bitcoin is simple by design — no moving parts, no politics, no exceptions. It just runs.

The FIRE community understood index fund DCA before anyone else. Same discipline, same time horizon, same conviction that compounding wins. The only difference is the asset.

Skepticism has an expiration date. At some point it stops being prudent and starts being expensive.

https://firebtc.io/p/why-bitcoin-is-stupid
11❤️2👍1
Tyler Burns · 1w
I retired this year after 10 years of frugality and heavy saving to reach my goals. I owe a lot of that progress to Mr MoneyMustache. But his views on bitcoin were biased and shortsighted. I did far too much defending of bitcoin on his website's forums over the years to an entire following of people...