Damus

Recent Notes

TheGrinder · 14w
Stashing a large junk of the supply in wall street vaults - effectively reducing the circulating supply - is many things but certainly not mass adoption. If that were true we wouldn't be at 60k. Less ...
BTCDJ profile picture
Stashing large chunks with strong hands (institutions, corps) who aren't dumping is textbook bullish - it tightens supply and brings legitimacy, ETFs, and new capital. That's exactly why we're at $60k+ instead of $20k.

Calling it 'selling to the "wrong people" is just purity cope. Bitcoin is for everyone, not just the self-appointed guardians who decide who's "right". No one forced institutions to buy - the market voted.
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ethfi · 14w
Any song recommendations?
Bob 🌞🌍🌚 - 58oz Gang · 14w
IMHO, the problem with blackrock and saylor would be that their goal was to become gatekeepers and act as a third party between users and the timechain. I'd rather have 20k bitcoin widely spread in se...
BTCDJ profile picture
It's a free and open protocol, so everyone gets their own vision of how Bitcoin should be used. Saylor has his, BlackRock has theirs, you have yours, and Odell has his. None are inherently wrong.

But here's the part that doesn't track, the same crowd constantly preaching 'you do you' and 'stop whinging about what others are doing' is the first to call everything that doesn't pass their purity test a scam, a lie, gatekeeping, or a psyop. Saylor and BlackRock didn't force anyone, there's a reason they've been so massively popular. People like their products. End of story. No one held a gun to retail or institutional heads, millions voluntarily handed over their money because they see upside with real exposure to Bitcoin.

Without that capital and mainstream adoption, we'd likely still be sitting around $20k wondering why nobody cares. The '20k BTC widely spread in perfect self-custody' ideal sounds nice in theory, but real-world progress required big players too.

You do you, and let others do the same without the endless gatekeeping and purity tests. That's how a permissionless network actually grows.
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TheGrinder · 14w
Stashing a large junk of the supply in wall street vaults - effectively reducing the circulating supply - is many things but certainly not mass adoption. If that were true we wouldn't be at 60k. Less supply = higher value. not the other way around. Yes Bitcoin is for everyone but we've obviously so...
Kajoozie Maflingo · 14w
I hope btc goes back to $20k so saylor and all his brainwashed lackies will be washed out
Bob 🌞🌍🌚 - 58oz Gang · 14w
IMHO, the problem with blackrock and saylor would be that their goal was to become gatekeepers and act as a third party between users and the timechain. I'd rather have 20k bitcoin widely spread in self-custody than 1M widely held on exchanges and institutions. If there were to be custody solutions,...
node · 19w
Where do you see crying? I’m laughing dude it’s not that serious https://media1.tenor.com/m/DICsiY1sdZoAAAAC/mwahaha-laugh.gif