The information action ratio.. Arctic Monkeys wrote a banger of a song about it..

Agree. Small side note on the OG Bitcoiners. I don’t resent them or anything, I just can’t fathom why on gods green earth you would spend your precious time chasing more of this shitcoin alchemy when you’ve liberated multiple generations from the financial rat race by simply understanding and holding bitcoin. It’s fiat mindset in my eyes.. Makes me think of Josh Brolin in the Wallstreet remake. His liberating net worth target? “More”

Maybe an interesting datapoint: I live in a town of 20-30k people with an extremely close and tight community. Very few people move away, and families are generally big and very close. In the shitcoin summer of 17-18, everybody and their mother was taking about the next hypecoins and the insane gainz they would make if coin X went to value Y. Every family gathering featured an obligatory half hour discussion of who knew the guy who made the biggest gainzz, and recommendations for the next altcoin moonshot. FOMO was par for the course, so many people piled in blindly. In short: *a lot* of people were into trading “crypto” at the time. If I had to make an educated guess, I’d say north of 50% of people/couples 18-35 were in on it. On a personal note: pretty much every one of my friends, cousins and colleagues was buying at the time. In the 2020 Ledger leak, I decided to do a quick search for my town to see how many people this affected and maybe give them a heads up. The search returned a total of 1 result.. a guy I happened to know, who shitcoined his BTC away (or so he says; maybe this was his “boating accident” escape) So this was at a time where the average Joe could still afford 1 BTC with “disposable income”. I know there are more hardware wallets than Ledger, and resellers are a thing, but based on the above, I would guesstimate very few people actually self custody, let alone more than 1 BTC.

Imagine being one of the legit earliest bitcoin users, prominent cypherpunk and libertarian, amassing financial freedom for generations to come, and still having to engage in this kind of shitcoin alchemy, instead of just kicking it with a margarita at the beach for the rest of your days… unbefuckinglievable

*goosebumps*

He’s what.. in his mid seventies? And not exactly at peak health. I’ve accepted the fact that he won’t finish the series years ago. Even if he does release book 6, I won’t pick it up because of this. I’d just set myself up for a massive disappointment.

Lord Huron has a new album?! Have my zap!