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I read ''East of Eden'' by John Steinbeck again after 20 years and it had the same fascinating atmosphere when I read it the first time. It's a 'must' read, esp. for Americans
From his writing, the author gives me the impression that he does not believe bitcoin is a good idea nor a better idea compared to other monetary technologies (primarily gold). With that premise set in mind, his arguments will naturally be against the adoption of bitcoin, because according to him, it is not a good idea.
You are absolutely correct, many of us adopt bitcoin not just because of NGU, but probably mainly because it is better technology and a better idea than other monetary technologies. But he will never see it the way we do until he sees bitcoin as a better idea.
An example outlining his bias from his piece:
Bitcoin is not gold Gold cannot be attacked by someone producing faster computer chips.
It's as if designing and fabricating cutting edge chips is easy. The dude clearly has no idea about foundry construction and the expertise required to run them. Let alone understand the cost and time required for semiconductor design. It's easy to type up a line to say "just produce more faster chips", it's another thing to actually produce them. By that logic, I could argue gold is not bitcoin. Bitcoin cannot be attacked by someone mining more gold from digging more gold mines. Better yet, just shoot a rocket into space and mine gold from asteroids, easy.
Merry Christmas stackers. It’s better to give than receive. For all the users who are active and pushing this site forward i will give 200k sats to the reward pool.
Merry Christmas stackers! keep stacking!
Influencers with undisclosed financial conflicts.