Crypto Currency

[Mr. Guru]

I'm going to PM you

[Invictus]

So if Im dropping 5k down which should I buy?

[forumname]

You should do 50-100+ hours of in-depth research into what bitcoin is, how it works, what problem it fixes, and how the game theory of its global adoption theoretically plays out. You should not buy any until you understand why you and everyone else in the world need it.

Bitcoiners come off as rabid evangelists because they have found something they truly believe is more important than basically anything else except family and God.

And I'm pretty sure they're right. But that's only because I've spent 500 hours studying it, not because I trust anyone else's opinion.

I definitely appreciate this advice vs. what I hear from every single other person on the topic.

[BreadManPanarin]

I definitely appreciate this advice vs. what I hear from every single other person on the topic.

And I appreciate your skeptical approach more than the approach of "So if Im dropping 5k down which should I buy?" (No offense, Invictus. )

I would be happy to suggest a curated list of resources if you decide to take the journey and would like a roadmap.

[forumname]

And I appreciate your skeptical approach more than the approach of "So if Im dropping 5k down which should I buy?"



I would be happy to suggest a curated list of resources if you decide to take the journey and would like a roadmap.

I would appreciate that for sure! I've far from made my mind up on any of it, I just haven't seen anything that's convinced me yet (nor done the appropriate amount of research to make an informed decision one way or the other).

[doulos]

Bitcoiners come off as rabid evangelists because they have found something they truly believe is more important than basically anything else except family and God.

Funny, all other bagholders say the same thing about their bags.

[BreadManPanarin]

I would appreciate that for sure! I've far from made my mind up on any of it, I just haven't seen anything that's convinced me yet (nor done the appropriate amount of research to make an informed decision one way or the other).

Sure thing. I strongly recommend doing the research and then acting according to your own best judgement once you feel sufficiently informed, whether that means buying bitcoin or not.

I'd start off by reading a handful of books that can help you learn about the history of money, the fatal flaws of fiat systems throughout history, and why bitcoin is the best monetary good that humans have ever discovered:

The Bitcoin Standard by Saifedean Ammous

Layered Money by Nik Bhatia
The Bullish Case on Bitcoin by Vijay Boyapati

21 Lessons: What I learned from Falling Down The Bitcoin Rabbit Hole
Inventing Bitcoin by Yan Pritzker
Mastering Bitcoin by Andreas Antonopoulos

This thread has about 1000 hours worth of great info:

https://twitter.com/anilsaidso/status/1292862862436626432?s=20&t=GT2LhycTUYyr71ogsImyJw

Also, pretty much anything on the podcast "Bitcoin Audible". In particular anything by Parker Lewis or Der Gigi.

[doulos]

So if Im dropping 5k down which should I buy?

Some experiences to share with your family and friends!

[BreadManPanarin]

Funny, all other bagholders say the same thing about their bags.

Good luck finding any bagholders of any other cryptos besides bitcoin who will tell you not to buy any until you do exhaustive due diligence first and then point you to thousands of hours of resources.

For that matter, good luck even finding dozens (much less thousands) of hours worth of meaningful resources on any crypto besides bitcoin.

[doulos]

Good luck finding any bagholders of any other cryptos besides bitcoin who will tell you not to buy any until you do exhaustive due diligence first and then point you to thousands of hours of resources.

For that matter, good luck even finding dozens (much less thousands) of hours worth of meaningful resources on any crypto besides bitcoin.

This is entirely and factually incorrect about Ethereum for sure.

[doulos]

I would appreciate that for sure! I've far from made my mind up on any of it, I just haven't seen anything that's convinced me yet (nor done the appropriate amount of research to make an informed decision one way or the other).

I edited out the video to watch. I just rewatched it and it's far less intro level than I remember.

Nearly the entire space is speculative mania, but down the road I do think some good things are going to push through all the garbage.

[BreadManPanarin]

This is entirely and factually incorrect about Ethereum for sure.

That is certainly possible. Each time that I have requested a list of books, articles and podcast episodes discussing the investment thesis, a breakdown of the total addressable market, and an explanation of the game theory behind Ethereum from any particular Ethereum bull I have always gotten *crickets* in response. I'm the type of guy who likes to spend 100 hours learning every aspect of something and understanding it deeply, so if you can be the one who is finally able to provide this roadmap for me I would greatly appreciate it. I am totally open to becoming an Ethereum bull if anyone can manage to help me find enough quality material that can convince me of the thesis.

[doulos]

That is certainly possible. Each time that I have requested a list of books, articles and podcast episodes discussing the investment thesis, a breakdown of the total addressable market, and an explanation of the game theory behind Ethereum from any particular Ethereum bull I have always gotten *crickets* in response. I'm the type of guy who likes to spend 100 hours learning every aspect of something and understanding it deeply, so if you can be the one who is finally able to provide this roadmap for me I would greatly appreciate it. I am totally open to becoming an Ethereum bull if anyone can manage to help me find enough quality material that can convince me of the thesis.

I'll put something together for you.

[BreadManPanarin]

I'll put something together for you.

Thanks! One thing I did listen to was "The Bull Case for Ethereum" (ep 44) on the Bankless podcast a little while back. The thesis they laid out wasn't super compelling to me, but I will try listening to parts II (ep 71) and III (ep 97) in the meantime to see if those resonate more.



Edit: looks like I listened to Part II as well, actually. Will start Part III right now.

[Mr. Guru]

I don't understand the Bitcoin vs Ethereum debate.

Why can't it be Bitcoin and Ethereum?!