REPOST, from March 2021. Four years later, Bitcoin Twitter is a war zone over spam, BIP-110, and Knots vs Core, and this episode is the playbook for how to fight on it without losing your mind or the plot.
The
@_BitcoinMatrix #34: Bitstein - Everyone's A Scammer & Advanced Geopolitical Meme Warfare
Before the current flame wars, Bitstein laid out exactly how the discourse actually works: that we live in a rhetorical world where facts don't move everyone, that there's a time to argue in good faith and a time to troll, and that the fastest way to lose is to let your opponent define your narrative. He also takes the scarcity of Bitcoin dead seriously, seriously enough to call everyone, including you and me, a scammer, and mean it as a compliment.
Founder of the Nakamoto Institute, co-host of Noded, Austrian economist, and the meme lord himself,
@bitstein joins me to go deep: why "everyone's a scammer" is a heuristic and not an accusation, why hoarders are scammers and that's a good thing, how he called Bitcoin cash flows in 2014, praxeology and the rejection of activism for pragmatic reasons, why stacking sats beats stamping your feet at the Fed, Ron Paul as educator rather than politician, "2020 turned everyone into normies," what the Citadel actually means (localized governance, not Elysium), rhetoric vs dialectic and knowing which game you're playing, how to get your opponent to effort-post, trigram memes and why distilled ideas win, how to reframe, agree and amplify, and then dominate, and why ethical trolling always comes back to the truth and a low time preference.
Send this to anyone who's currently losing an argument in your replies.
TIMESTAMPS:
0:00 Intro
3:40 Meet Bitstein
4:45 Finding Austrian economics after the 2008 crisis
11:24 From Rothbard to the Mises Circle to the Nakamoto Institute
16:59 How a Mises reading group became a Bitcoin circle
19:00 "Everyone's a Scammer": taking scarcity dead seriously
23:22 Why it's a heuristic, not an accusation
27:21 Hoarders are scammers: selfishness in service of selflessness
31:18 "All investments are scams" and calling Bitcoin cash flows in 2014
36:22 Rejecting activism: the real opportunity cost of voting
41:00 Why stacking sats beats stamping your feet at the Fed
47:00 Ron Paul as educator, not politician
52:27 2008, 9/11, COVID: crisis as the backdrop of a life
56:24 "2020 turned everyone into normies"
59:24 Can an individual be sovereign in America today?
1:07:00 What "Citadel" actually means: localized governance, not Elysium
1:11:17 The citadel in your mind: stoicism, Shawshank, Joseph
1:13:34 "How to Meme Bitcoin to the Moon": the mimetic landscape
1:15:50 Bitblock 2019: the talk that hit Twitter before he left the stage
1:18:46 We live in a rhetorical world
1:19:14 Rhetoric vs dialectic, and which game to play when
1:24:38 Getting your opponent to effort-post
1:29:45 Know when to argue, know when to troll, know your real audience
1:31:26 Trigram memes and why distilled ideas win
1:33:33 Reframe, agree and amplify, dominate: never adopt their frame
1:36:10 Ethical trolling: stick to the truth, keep a low time preference
1:40:25 The American West, buffalo, and regenerative agriculture
1:47:20 Goldstein to Bitstein: hard money baked into the name