A Case For Bitcoin Toxicity

I don’t consider myself a Bitcoin maxi, but I am a big fan of the protocol and the asset. In my portfolio of digital assets, it makes up the majority of my holdings. During the bull run, there’s obvious jubilation and celebration as your faith and conviction are rewarded. I think Bitcoiners have every right to enjoy these moments, but many critiques their attitude as crass and the meme culture around Bitcoin as toxic.

You hear it all the time, toxic Bitcoiners, Bitcoin toxicity bla bla bla, it’s easy to dismiss the crowd and think they a bunch of crazies. Acolytes of an anonymous person named Satoshi and found something to latch onto, and from the outside, I can see why normies would see Bircoiners as nutters.

Since very few people take the time to look into it other than the headlines and screenshots and sound bites, Bitcoiners tend to be painted in a bad light.

The movement doesn’t really give two shits about positive PR; they care about sound money and moving towards a Bitcoin standard. They believe the protocol is unstoppable, and I tend to agree, they don’t need to put a positive spin on everything.

They’ve done the research

It takes plenty of hours to scratch the surface of Bitcoin, how it impacts the economy, how it changes consumer behaviour, how a digital bearer asset works, how the double-spend problem is solved, and so much more.

So once you’re schooled in all of this and people make stupid claims, why would you expect not to be ripped apart. You don’t walk into a room of experts and then berate their fields of study and expect no backlash.

They’ve got the battle scars

They’ve been demonised and dismissed

They’ve seen the scam shit coin cycles before

Bitcoiners have seen every scam and shit coin project plague the industry stealing money from investors.

They’ve become hard to it so if you’re going to step to them about something like oh doge coins going up why not buy it you’re going to get your head ripped off, out of love.

It might seem salty or close-minded to you but they’ve just seen it all play out before.

They’ve had to take the financial strain

Commitment like that should be rewarded, so why not let them celebrate their gains. It just seems like a lot of salty people trying to take shots because they didn’t get in.

They’ve had to delay gratification

Bitcoiners have had to delay gratification, and they should be allowed to enjoy their investment paying off. I don’t see that as toxic.

To some, it’s toxic; to others, its protection

I would much rather have these disagreeable people willing to stand up for the asset class than the bunch of yes men in the fiat system. Claiming to be doing a job to save us while enriching themselves in the process.

Source: Leofinance

Co-founder of nichemarket, a South African Business Directory and digital marketing agency — https://www.nichemarket.co.za/