Which Bitcoin Monster Do You See In The Mirror?

This is an sentiment editorial by Will Schoellkopf, writer of “The Bitcoin Dog” and big of the Bitcoin podcast “It’s So Early!”

Halloween is coming up and it’s clip to look your fears. Can you honestly look astatine yourself successful the reflector and not spot thing scary looking back?

I volition gully inspiration from Dawdu Amantanah’s article successful Satoshi’s Journal for 4 antithetic Halloween monsters you whitethorn spot successful the reflector based connected which benignant of bitcoin capitalist you are: newbie, technocrat, trader oregon maximalist.

To the newbie successful the mirror, AKA Casper the Friendly Ghost:

So you privation to buy bitcoin — but what if you don’t privation to beryllium an investor? What if you conscionable privation to alert astir arsenic a affable shade and don’t privation to measure risk/reward responsibilities? Are you consenting to conscionable prevention the worth of the enactment you’ve done for the aboriginal without getting tempted to articulation the different ghouls successful their shenanigans?

To the trader successful the reflector AKA the Boogeyman: 

How tempted are ye to trade; “It’s a mode to marque wealth disconnected of bitcoin!” When bitcoin is the money! Are you going to rotation that altcoin roulette instrumentality oregon support rolling the dice for snake eyes? If the Boogeyman trades his bitcoin for fiat, is helium truly a Bitcoiner — oregon a monster?

To the technocrat successful the mirror, AKA Dr. Jekyll and Mr. Hyde: 

Are you definite you’re not much attracted to “blockchain technology” than to Bitcoin? Dr. Jekyll appreciates proof-of-work and decentralized money, but erstwhile you perceive astir different protocols doing a “Merge, Surge, Verge, Purge, And Splurge” does Mr. Hyde emerge? Are you much tempted by zk-SNARKs, danksharding, and soul bound NFTs oregon are you contented with an ossifying blockchain that wants to simply beryllium a once-in-a-civilization monetary gyration for the world?

To the maximalist successful the reflector AKA the Zombie: 

If you genuinely are a maximalist, are you acceptable to beryllium declared “dead” implicit and implicit again? Bitcoin is simply a volatile plus that’s mislaid 90% of its worth successful abbreviated bid galore times. Can you go the surviving dead, get backmost up each clip the terms falls down, and HODL onto your “risky” bitcoin for decades? What is dormant whitethorn ne'er die!

To the last brag successful the reflector AKA your reflection: 

For some, the scariest monster of each is to look successful the reflector and spot your ain worst enemy, yourself.

But basal firm! Just as:

1 BTC = 1 BTC

You = You

As you travel down the Bitcoin rabbit hole, you’ll find the top instrumentality is not the purchasing powerfulness of your satoshis, but what you larn astir yourself on the way.

I’ve learned the much I springiness the much I receive, truthful I’m blessed to lend much contented to a mean for the plebs similar Bitcoin Magazine!

Thank you for your enactment during my scary travel down the Bitcoin rabbit hole. I anticipation this nonfiction helps your self-reflection and keeps your torch alight arsenic you property connected further.

This is simply a impermanent station by Will Schoellkopf. Opinions expressed are wholly their ain and bash not needfully bespeak those of BTC Inc. oregon Bitcoin Magazine.