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r/Bitcoin: 'people have forgotten what this space is all about'

reddit-wild-west-sentiment

https://www.reddit.com/r/Bitcoin/comments/1vedx0e/people_have_forgotten_what_this_space_is_all_about/

Latest reviewed change

source content difference between and

Two new comments: a sarcastic one about dice-rolling seeds in the basement, and one arguing Bitcoin will not be mainstream if it is not easy to use.

seen +16 -0 full history below 
 edited: false
 body:
 Then we have different definitions of mainstream.
+
+comment: p23bxj9
+parent: t3_1vedx0e
+author: Left_Entrepreneur918
+created_utc: 1786034787

First lines only. The complete diff is in the timeline below.

Organisation
reddit
Evidence role
Community discussion
Published
not established
Source changes
6
Detected differences
6
Unreviewed
0
Copies held
7

Every check is recorded, including checks that found no text change. A detected edit is therefore bounded between two checks. The publisher's exact save time is not observable from this record. Last checked .

  1. source content difference between and Current source content +16 -0

    Two new comments: a sarcastic one about dice-rolling seeds in the basement, and one arguing Bitcoin will not be mainstream if it is not easy to use.

    seen · Captured here 30,021 chars
    What changed from the previous capture 16 lines 
     edited: false
 body:
 Then we have different definitions of mainstream.
+
+comment: p23bxj9
+parent: t3_1vedx0e
+author: Left_Entrepreneur918
+created_utc: 1786034787
+edited: false
+body:
+No Normies or Noobs here is much better. I myself am a HUGE crypto bro and technology enthusiast. I’m in my basement with dice making seeds all day all night just blasting seeds. If anyone doesn’t use 99 dice rolls in the dark, with no phones, cameras, or any electronics they are lame. I also usually wait for my mom to go to work before blasting my seeds all over the basement. 
+
+comment: p249gfe
+parent: t1_p1gjz5t
+author: markphillips401
+created_utc: 1786043085
+edited: false
+body:
+It's not going to be mainstream if you can't just use it :)
    Extracted text as captured 
    post: 1vedx0e
author: dotpill
created_utc: 1785764799
title: People have forgotten what this space is all about
body:
This is the wild west.

  
Crypto isnt mainstream and we are still in the pioneering days of crypto.

Its not easy and there isnt many rules or regulations.

  
Disasters like the coldcard incident is to be expected and the risks are what you sign up for.

  
Where these people came from thinking owning crypto is safe and easy, I dont know.

  
Too many normies and noobs in the space.



comment: p1g3vk4
parent: t3_1vedx0e
author: Disavowed_Rogue
created_utc: 1785764972
edited: false
body:
Exactly 

comment: p1g3w9n
parent: t3_1vedx0e
author: [deleted]
created_utc: 1785764977
edited: 1786027907
body:
[deleted]

held before deletion (captured 20260806T100212Z):

    Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.

  2. source content difference between and source content +8 -8

    Three comments were removed from the thread: one by IllllIIlIllIllllIlll now shows [deleted], and two longer comments by CraftyBrother6974 on financial literacy now show [removed] with author [deleted].

    seen · Captured here 29,365 chars
    What changed from the previous capture 16 lines 
     
 comment: p1g3w9n
 parent: t3_1vedx0e
-author: IllllIIlIllIllllIlll
+author: [deleted]
 created_utc: 1785764977
-edited: false
-body:
-Insert "first time?" meme
+edited: 1786027907
+body:
+[deleted]
 
 comment: p1g3xsr
 parent: t3_1vedx0e
 
 comment: p1hvrfo
 parent: t1_p1h1k3m
-author: CraftyBrother6974
+author: [deleted]
 created_utc: 1785781350
 edited: 1785781689
 body:
-The average person also doesn't know shit about the mechanics of the traditional financial system either. Why even would you there's many things that are completely irrelevant to know unless you work in the space. There's plenty of people who buy stocks, but I doubt they know the fundamentals of how their share is custodied, how voting rights works, etc. You don't even really need to know why it works you just need to know a well diversified group of stocks is going to outperform the alternative (cash) over a period of greater than 3-5 years 99% of the time. Considering most people are also averaging in as they are paid periodically, all you really need to know is that you will get richer by buying some stocks everytime you get a paycheck and the drawdowns won't even be that crazy until you've already seen your savings massively multiply.
+[removed]
 
 comment: p1hzpd0
 parent: t1_p1hbek1
 
 comment: p1je4cp
 parent: t1_p1inw2w
-author: CraftyBrother6974
+author: [deleted]
 created_utc: 1785795951
 edited: 1785796138
 body:
-yeah but they also don't understand the basics of the current monetary system either is my point. I'd say at this point, most people that do understand monetary economics also understand the value/how bitcoin works at least a high level. Obviously it's a very small group of people that will understand how it works mathematically. I don't think we will actually ever reach a point of significantly greater saturation there. That's at least my take after working in financial markets for the last decade. I've been a currency trader for my whole career and have done a bit of crypto/stables at banks, asset management companies and a start up and I never actually had to understand how the technology worked. I'd prefer to outsource that to someone smarter than me. This is even included in CFA and MBA curriculums now.
+[removed]
 
 comment: p1jek3d
 parent: t3_1vedx0e
    Extracted text as captured 
    post: 1vedx0e
author: dotpill
created_utc: 1785764799
title: People have forgotten what this space is all about
body:
This is the wild west.

  
Crypto isnt mainstream and we are still in the pioneering days of crypto.

Its not easy and there isnt many rules or regulations.

  
Disasters like the coldcard incident is to be expected and the risks are what you sign up for.

  
Where these people came from thinking owning crypto is safe and easy, I dont know.

  
Too many normies and noobs in the space.



comment: p1g3vk4
parent: t3_1vedx0e
author: Disavowed_Rogue
created_utc: 1785764972
edited: false
body:
Exactly 

comment: p1g3w9n
parent: t3_1vedx0e
author: [deleted]
created_utc: 1785764977
edited: 1786027907
body:
[deleted]

held before deletion (captured 20260806T100212Z):

    Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.

  3. source content difference between and source content +8 -0

    New comment disputes the claim that Bitcoin is mainstream: "Then we have different definitions of mainstream."

    seen · Captured here 31,054 chars
    What changed from the previous capture 8 lines 
     Wether or not infesting investing in an ETF meets your definition of using crypto or not, the existence of an ETF means Bitcoin is mainstream as hell
 
 And yeah that is probably the full extent of what crypto will do
+
+comment: p1zp15k
+parent: t1_p1ypknv
+author: Zaytion_
+created_utc: 1785987377
+edited: false
+body:
+Then we have different definitions of mainstream.
    Extracted text as captured 
    post: 1vedx0e
author: dotpill
created_utc: 1785764799
title: People have forgotten what this space is all about
body:
This is the wild west.

  
Crypto isnt mainstream and we are still in the pioneering days of crypto.

Its not easy and there isnt many rules or regulations.

  
Disasters like the coldcard incident is to be expected and the risks are what you sign up for.

  
Where these people came from thinking owning crypto is safe and easy, I dont know.

  
Too many normies and noobs in the space.



comment: p1g3vk4
parent: t3_1vedx0e
author: Disavowed_Rogue
created_utc: 1785764972
edited: false
body:
Exactly 

comment: p1g3w9n
parent: t3_1vedx0e
author: IllllIIlIllIllllIlll
created_utc: 1785764977
edited: false
body:
Insert "first time?" meme

comment: p1g3xsr

    Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.

  4. source content difference between and source content +10 -0

    A commenter argued that the existence of a Bitcoin ETF demonstrates mainstream adoption, while doubting further practical uses for crypto.

    seen · Captured here 30,906 chars
    What changed from the previous capture 10 lines 
     edited: false
 body:
 All things you don't have to worry about with a bank and fiat currency. That's why it will never go mainstream.
+
+comment: p1ypknv
+parent: t1_p1l6l0b
+author: Ok-Astronaut4952
+created_utc: 1785975392
+edited: false
+body:
+Wether or not infesting investing in an ETF meets your definition of using crypto or not, the existence of an ETF means Bitcoin is mainstream as hell
+
+And yeah that is probably the full extent of what crypto will do
    Extracted text as captured 
    post: 1vedx0e
author: dotpill
created_utc: 1785764799
title: People have forgotten what this space is all about
body:
This is the wild west.

  
Crypto isnt mainstream and we are still in the pioneering days of crypto.

Its not easy and there isnt many rules or regulations.

  
Disasters like the coldcard incident is to be expected and the risks are what you sign up for.

  
Where these people came from thinking owning crypto is safe and easy, I dont know.

  
Too many normies and noobs in the space.



comment: p1g3vk4
parent: t3_1vedx0e
author: Disavowed_Rogue
created_utc: 1785764972
edited: false
body:
Exactly 

comment: p1g3w9n
parent: t3_1vedx0e
author: IllllIIlIllIllllIlll
created_utc: 1785764977
edited: false
body:
Insert "first time?" meme

comment: p1g3xsr

    Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.

  5. source content difference between and source content +6 -16

    Several comments about bank insurance and regulation were removed or replaced with deleted-account placeholders, and one short reply was removed.

    seen · Captured here 30,584 chars
    What changed from the previous capture 22 lines 
     
 comment: p1hbj2w
 parent: t1_p1gnwlj
-author: Most_Revolution_8155
+author: [deleted]
 created_utc: 1785776332
 edited: false
 body:
-Of course there were. And the solution was the government automatically insuring your deposits at the bank and increasing banking regulations. 
-
-Which doesn’t really apply here. 
+[removed]
 
 comment: p1hdmsr
 parent: t3_1vedx0e
 
 comment: p1htfd1
 parent: t1_p1hp9ro
-author: Most_Revolution_8155
+author: [deleted]
 created_utc: 1785780747
 edited: false
 body:
-FDIC insurance started after the bank runs during the Depression to stabilize trust in the banking system. 
+[removed]
 
 comment: p1hvrfo
 parent: t1_p1h1k3m
 
 comment: p1imtj0
 parent: t1_p1igl4k
-author: Most_Revolution_8155
+author: [deleted]
 created_utc: 1785788410
 edited: false
 body:
-Sure. Insurers will be lining up to guarantee against grandma setting up a hardware wallet. 
+[removed]
 
 comment: p1imumm
 parent: t1_p1gl6hd
 Brother the president constantly promotes crypto. Its been mainstream
 
 There are etf’s for this already
-
-comment: p1iqjay
-parent: t1_p1in9pw
-author: Most_Revolution_8155
-created_utc: 1785789389
-edited: false
-body:
-So might you. 
 
 comment: p1iqnvd
 parent: t1_p1ipcqg
    Extracted text as captured 
    post: 1vedx0e
author: dotpill
created_utc: 1785764799
title: People have forgotten what this space is all about
body:
This is the wild west.

  
Crypto isnt mainstream and we are still in the pioneering days of crypto.

Its not easy and there isnt many rules or regulations.

  
Disasters like the coldcard incident is to be expected and the risks are what you sign up for.

  
Where these people came from thinking owning crypto is safe and easy, I dont know.

  
Too many normies and noobs in the space.



comment: p1g3vk4
parent: t3_1vedx0e
author: Disavowed_Rogue
created_utc: 1785764972
edited: false
body:
Exactly 

comment: p1g3w9n
parent: t3_1vedx0e
author: IllllIIlIllIllllIlll
created_utc: 1785764977
edited: false
body:
Insert "first time?" meme

comment: p1g3xsr

    Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.

  6. source content difference between and source content +34 -0

    4 new Reddit comments were posted, including Javanaut018,tekmiester.

    seen · Captured here 31,092 chars
    What changed from the previous capture 34 lines 
     edited: false
 body:
 ETFs isn't using crypto. If all crypto ever does is end up in an ETF, it has failed.
+
+comment: p1mcefn
+parent: t3_1vedx0e
+author: Javanaut018
+created_utc: 1785837792
+edited: false
+body:
+This space is a bunch of frightened chicken running all over the place currently 
+
+comment: p1mz3k2
+parent: t1_p1k5vn2
+author: tekmiester
+created_utc: 1785846536
+edited: false
+body:
+To make use of their totally reliable off grid Internet access? Or to own an asset they will likely be lost when they pass away so their family gets nothing?
+
+comment: p1n0qdv
+parent: t1_p1hvrfo
+author: tekmiester
+created_utc: 1785847062
+edited: false
+body:
+They understand if they put their money in a bank, it will still be there in 6 months or the government will reimburse them. They understand if they but stock in Amazon it will likely go up in value over time. 
+
+More importantly they understand there is a lot of ways you can lose your crypto investment no matter how careful you are.
+
+comment: p1n1ago
+parent: t1_p1gu75s
+author: tekmiester
+created_utc: 1785847238
+edited: false
+body:
+All things you don't have to worry about with a bank and fiat currency. That's why it will never go mainstream.
    Extracted text as captured 
    post: 1vedx0e
author: dotpill
created_utc: 1785764799
title: People have forgotten what this space is all about
body:
This is the wild west.

  
Crypto isnt mainstream and we are still in the pioneering days of crypto.

Its not easy and there isnt many rules or regulations.

  
Disasters like the coldcard incident is to be expected and the risks are what you sign up for.

  
Where these people came from thinking owning crypto is safe and easy, I dont know.

  
Too many normies and noobs in the space.



comment: p1g3vk4
parent: t3_1vedx0e
author: Disavowed_Rogue
created_utc: 1785764972
edited: false
body:
Exactly 

comment: p1g3w9n
parent: t3_1vedx0e
author: IllllIIlIllIllllIlll
created_utc: 1785764977
edited: false
body:
Insert "first time?" meme

comment: p1g3xsr

    Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.

  7. Earliest copy held
    seen · Captured here 30,004 chars
    Extracted text as captured 
    post: 1vedx0e
author: dotpill
created_utc: 1785764799
title: People have forgotten what this space is all about
body:
This is the wild west.

  
Crypto isnt mainstream and we are still in the pioneering days of crypto.

Its not easy and there isnt many rules or regulations.

  
Disasters like the coldcard incident is to be expected and the risks are what you sign up for.

  
Where these people came from thinking owning crypto is safe and easy, I dont know.

  
Too many normies and noobs in the space.



comment: p1g3vk4
parent: t3_1vedx0e
author: Disavowed_Rogue
created_utc: 1785764972
edited: false
body:
Exactly 

comment: p1g3w9n
parent: t3_1vedx0e
author: IllllIIlIllIllllIlll
created_utc: 1785764977
edited: false
body:
Insert "first time?" meme

comment: p1g3xsr

    Excerpt only. The complete copy is held offline and backs quotations on this site. The original publication remains the canonical public source.

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