A tech noob’s questions answered observations. (Just bought one BTC and dumped it because there are things I don’t get)

Hey all!

I bought a BTC (CORE) and almost immediately got rid of it (at the smallest of profits). I dumped it because I had the following issues with the Bitcoin community, and I’m hoping my questions will be resolved. I’m aware this is the subreddit for BCH, which is case-and-point for some of the issues I have. I’d love feedback or explanations.

My issues with the BTC community:

1. HODL culture.

I’m no great technician, but as a layman my understanding of Bitcoin’s value is that it lies in its utility. I.e. if Bitcoin has a utilitarian function its value may increase versus fiat, but regardless, that isn’t the point of Bitcoin. It isn’t to make an individual wealthy ala currency trading (although it’s amazing if it does), it’s to create a fully functional currency. Advocating for HODLing, being derisive towards subreddit members who have “weak hands”, these are signs of people who have missed the forest for the trees, intellectual supremacists who set aside the idea the notion of assigning any sort of functionality to their knowledge and instead worship it for its own sake. To me this seems a path to nowhere.

1. The air of superiority intertwined with paranoia as a whole and refusal to help those who are newcomers while accusing them of being “altcoin shills”.

If the purpose of this technology is to unite the common man against the system, doesn’t it follow that the users of this technology should seek to make themselves and their tech more accessible to the layman? Instead, it seems to me that the Bitcoiners exhibit a strange blend of paranoia and narcissism. They assume everyone who asks a question is both, beneath them and a well-versed opponent assuming subterfuge. Therefore they don’t engage in conversation which might otherwise be enlightening for the sake of not giving the trolls food. I don’t get this. Should the merits of their arguments not be strong enough that they welcome intellectual curiosity, even if it’s at the hands of one who supports a different subset of the same technology they so enthusiastically propagate?

1. The apparent lack of interest in intellectual honesty where the improvement of the technology itself is concerned.

Again, I might be wrong here, but it seems that the community as a whole obeys top-down directives when it comes to updating the chain. Now I’m no techie and I don’t understand lightning network (which may very well be better than increased block sizes) but doesn’t this negate the ‘decentralization mandate’?(I use the term mandate tongue-in-cheek). If we are deferring to higher ups, why not just rely on Banks and Governments and be done with it?

Problems I have with BCH AS WELL AS BTC

1. Practicality

It seems to me that the simplest, most practical cryptocrypto will be the first one to gain mass approval and appeal. It also seems to me that no single coin has made any sort of great strides towards that practicality. Sure, if you’re a tech enthusiast some of the larger cryptos have become much easier to use, but not if you’re a layman. How does the community view this way of thinking?

1. Crypto-education

Even if one cryptocurrency is much easier to use, I don’t know about it. This is largely because there is a lack of education among the populace, almost as much as there is disinformation about the how and why of cryptos existence. How does a crypto community view trying to go about solving this problem, especially being as decentralized as it is?

There’s more that I’m curious about, but this is plenty off the top of my head. I’d love to hear your thoughts on this.

submitted by /u/the_wreckes
[link] [comments]

source https://www.reddit.com/r/btc/comments/fs4mlr/a_tech_noobs_questions_answered_observations_just/