dgy on Nostr: People come and go. Financial engineering is risky—it has blown up before and will ...

People come and go. Financial engineering is risky—it has blown up before and will again. OG bitcoiners may outlive it all. The sininfluencers defeated #BIP110 but it was a Pyrrhic victory that will not prevent their own demise, because they need the up candle and it will not come as twenty percent of the defeated users are holding—or rather selling than buying more euphorically.

quoting
nevent1q…qxhj

Even if it takes several years, bitcoin maximalists will probably sit out the current crisis, whereas all those venture‑capital‑financed shitcoin companies will run out of money because they do not deliver anything useful.