Topic: Is it good that the Bitcoin community acts like a cult? (Podcast) - page 2. (Read 407 times)

I'll try to listen to the end because this podcast is over 2 hours long, so it's going to take some time. I appreciate that you guys were able to talk so long about this topic.
As for the headline, I feel like the idea was already disproved in this thread, but despite that, I'll try to listen and make my own mind about the points that you make. After a few minutes of listening, I feel like making a point about people having a subjective understanding of value is completely true, but this doesn't make us a cult in any way.

Let's say, I have a car that my father used to drive and I wouldn't sell it for $100k, although the current market value is $10k. That said, you could say it's worth 5k to you and that's all you'd be willing to pay. Does that make any of us right or wrong? No. I see the value in it, the majority sees another value and you can say it has no value to you. We will all be right.

I like bitcoin, I wouldn't sell it for $20k, but the market price today is as low as 18k. I don't see any reason to sell my coins and there will be people who will say that they wouldn't even pay 10k for it. That's fine, but the thing is they don't have to, just as I don't ever have to sell. I can give it to my children and let them decide what value it has to them.

Maybe he's pointing out with market movement wherein 'unity' is evident with the investors which is simply normal. Everyone wants profit from their investment which makes the tendency high for investors to move as one based on the market behavior. Perhaps there is a price increase, most of the investors will avoid selling early not because they planned it, but simply because they are all eyeing to a bigger profit. Also, in something which is controlled by demand, the best way to survive or to benefit from it is to move or go with the flow of the majority because quantity is the bottomline. Try moving on the opposite, I doubt if it would give you a better outcome.

@Rruchi man, I think you broke this economist as they say in my country "like a baby breaking a rattle toy" because the man is an economist by profession and should talk about Bitcoin from an economic point of view, and not deal with whether something is a cult or not. Although there are those who just want to make money, and those who are really interested in technology, as you already well noticed, we don't have a leader, nor do we go around telling people what to do with their money.

To me, all these so-called experts who compare us with some kind of cults, criminals, terrorists or environmental destroyers are someone who should be dealt with by real experts, of course those who study human behavior and the brain.

Reading the topic of this discussion OP, I had to go check out the typical characteristics of a cult group, so I can on my own compare it with the characteristics of this community to see if there is a similarity. These are some of the characteristics I could find;
source

Now comparing those characteristics;
Can we say this is Satoshi?

I don't think there is any strong rule that you must bring people to the forum.

We love money yes, but it is not the primary purpose of this forum, I believe the primary objective here is for knowledge and not money.

Almost all sorts of questions and enquiries to know more are entertained on this forum, we are all here to learn.

The forum is a free place, you decide the time you want to be active.

Privacy is key, and even though we are in the same forum, it is still often advised that you still exercise caution with other members.

In conclusion, there is a reason why there is the word ''community'' and the word ''cult''. IMO while they may share some similarities, the two word do not exactly refer to the same thing. Cult is the extreme of a community.

I don't see Bitcoin as a cult, it's just it is the first and prime mover, so obviously, it become successful because of a lot of followers. Satoshi can't be called a leader, he just disappeared right? And a cult is only for small group of individuals that worship a leader, but we are big already, and I will assumed that those who have bitcoin or at least who encountered and knows about it could be in the millions already.

Bitcoin community is not a cult and that's why it is called a community whereby all affairs partaining bitcoin could be discussed, but in so doing we can have a subgroup spearheaded by some reputable members on individuals discretion, it's a choice and not officially except for the executive memebers of the forum which we don't also know or have interest to how how they meet or discuss, but the large community here is big enough to make every possible discoveries one could ever thought about as a gathering, but irrespective of what others may say about the community, it standard never get compromised to that of an occultic group, this is purely and strictly bitcoin community.

We have to remember that some people are resorting to labeling something as a "cult" when they fail to fully understand it and when they don't like it that much and got a hidden agenda of stopping or even destroying it. With the label of cult, there can be some people who are turned off with that something being described as such. As for me, as long as that cultish community is not involved with anything illegal or destructive in nature then I am so fine with it...and I don't really care what other people or the so-called experts can be thinking about it. We are now in the information era...we don't anymore experts condescending telling us anything on something.

Media does not have any reason to feel threatened by Bitcoin, it's the people who own those publications who have a stake in various financial institutions, who feel that their personal interests are threatened by its rise. Nothing they can do about it though, except for spreading misinformation in their media outlets.

The fact that a lot of people in the community has a libertarian mindset, does not mean that they are part of some extremist cult. We have to remember that anyone challenging the "norm" and finding better alternatives..are in actual fact good for the society.

I think the mainstream media are to blame for the "cult" label that are plastered on Bitcoin communities, because they are pushing the hidden agenda of the puppet masters that wants to create that perception. (They are scared of the disruptive potential of the Bitcoin technology) 

Well some people think if they get rid of the cult then Bitcoin will be a more "inclusive" place.

Actually it will just become a polarized currency because there will always be people out there who hate liberals, they consider inclusiveness as a liberal trait so Bitcoin development will end up being caught in the crossfire of US politics like CashApp and Venmo.

Hi, guys!

I'm back with a new podcast episode. This time, I'm interviewing Austrian economist Rahim Taghizadegan. When I met him this summer at Mallorca Blockchain Days, he held a presentation about the cult-like nature of Bitcoin communities and to which extent this is good for the money system.

So I've decided to bring him on my podcast. Since he is well-acquainted with Austrian economic literature (he teaches it himself at academic level), I've also asked him some questions related to human action and how BTC adoption works (bottom up through communities or top-down via nation states). Other topics include the pros and cons of maximalism, as well as protocol ossification.

Here's where you can listen to the interview. If you can, please subscribe and leave feedback:

YouTube: https://youtu.be/7W7EJkQa7s8

Spotify: https://open.spotify.com/episode/3hCXxceoI8OInGoY9nzevJ?si=ca96b1096eac4208

Apple Podcasts: https://podcasts.apple.com/ro/podcast/bitcoin-takeover-podcast/id1451766883?i=1000582419638

Native player (no registration, you can use Tor browser): https://bitcoin-takeover.com/audio/?name=2022-10-12_s12_e4_rahim_taghizadegan_on_austrian_economics__bitcoin_as_a_cult.mp3

Article about the interview: https://bitcoin-takeover.com/s12-e4-rahim-taghizadegan-on-austrian-economics-bitcoin-as-a-cult/

Rahim is the young guy in the centre:
https://i0.wp.com/bitcoin-takeover.com/wp-content/uploads/2022/10/Rahim-Taghizadegan-Austrian-Economist-Bitcoin-Takeover-Podcast.jpeg