100% ego/self worth is wrapped up in elo. And you can tell yourself it doesn't matter but it does. When you have a high elo you feel smart and capable and when your elo dips you feel like a retard who's too dumb to know he's too dumb to ever be good at chess, no matter how much he studies. That's just how it is. Losing in the anonymous pool, however, is just losing. No big deal.

In a way they've done us a favor by exposing themselves. There was way too much trust in the "Bitcoin space" prior to this. All the inflooencers had to do was put on a "maxi" skinsuit and we the "plebs" were eating out of their hands. Never again.

🫡

Power will always take as much as it can. And the humiliation ritual is half the point. No worry, our citizenship is in heaven. They can take the dollar bills with them straight to hell.

インフレ以上ですかね？

Now if you're making a bigger theological point about the fiat system being satanic and it being the responsibility of that saints to take on the burden of the risk and stress and hardship of custodying Bitcoin in order to starve an evil regime, that is a different matter. Then there is more at stake than your portfolio and your call to arms makes a lot more sense.

The religious cult around Bitcoin has collapsed and with it some of the certainty and conviction. Now it just has to be evaluated as another asset class. It has underperformed almost everything in recent years. If you bought graphics cards or memory in the last 3 years you probably did better in terms of price appreciation. You probably did better buying a PS5 or MBP pre price hike never mind buying NVIDIA. In other words, even NPC coomers are getting "richer" than "bitcoiners" by simply buying toys. Add to that the Coldcard business where the risks of holding Bitcoin become salient to many. So high risk, low reward, in recent years, at least. All of the stress and none of the fun. And can we even pretend Bitcoin is "saving the world" anymore? The "global south" have voted with their wallets--they want Tether. And Tether probably will save them and give them a solid financial foundation for the first time in their lives. So what is Bitcoin? A savings technology for the tech savvy, perhaps. The apex memecoin for the rich to own paper claims on in ETFs, maybe. Maybe it becomes geopolitically relevant a la the Iranians demanding it for crossing the strait or what have you. Then it certainly becomes a big boy asset to own. The Coldcard incident has caused a few former high-conviction bulls to run away and hide, at least for now. Things are getting a little nasty, not only in Bitcoin, but in the world. It probably still makes sense to own a little, for most. But Bitcoin only is only for the crazy or brave or most technically competent, imo. For most, the medicine ends up being worse than the disease.

What happened with Ledger?

Ok well he changed it or else someone else did because it did say "the code was open source the entire time"

What is your opinion of Sparrow wallet? I was always a bit wary of how close Craig was to NVK/Odell. I'm not saying anything nefarious is or has gone on. As far as I know Craig Raw is a man of high integrity and everytime I've heard him speak I always come away with that impression. But it always struck me as a slight conflict of interest when NVK and Craig would appear on a podcast together and appear quite friendly. Thoughts?