Bitcoin Influencers Are Eating Themselves Alive

Bitcoin’s noisiest advocates are destroying themselves with freedom porn, bad economics & fake history.

Grandfailure — edited.

Bitcoin began in 2008 as an idealistic mission to decentralize money away from governments. Something that remains little known to most, is that Satoshi Nakamoto actually cited the Bob Rubin Trade in the genesis block of Bitcoin.

In short, Bitcoin was fundamentally designed to be the financial ejector seat to the woes of modern, risk-smuggling capitalism, a mantle taken up by many early investors who saw Bitcoin as a revolutionary economic technology that would usher in an era of unprecedented financial freedom and liberty.

Unfortunately, Bitcoin and the ensuing wave of cryptocurrencies that followed in its wake, have fallen a long way from these stated ideals. The rise of the shallow and vindictive Bitcoin influencer — also known as Bitcoin Maximalist — is one of the most poignant symbols of this growing diversion.

Many of these parasitic figures peddle the same copy pasta style of naïve libertarian nonsense: “Bitcoin is the ultimate tool for achieving financial freedom!”, “fiat currency is a pyramid scheme!”, “Bitcoin will make everyone disgustingly rich!”.