Bulldozer00's Blog

As the state transition diagram below shows, there are three types of coiners: Slave-Fiatcoiner, Sovereign-Bitcoiner, and Dumschitt-Schittcoiner. Before the immaculate conception that is Bitcoin, we were all Fiatcoiners, but not by choice. We were all born into one of the closed, 160+ jurisdictions in the world that required the use of Fiatcoins for daily living and tax payments. We were like fish in water as we took these Fiatcoin systems for granted that “they worked just fine”. But they don’t. Inflation, the insidious scourge designed into all fiat systems, erodes the purchasing power of all Fiatcoin holders.

Thankfully, my path to becoming a Sovereign-Bitcoiner was direct. I was lucky enough to fall down the Bitcoin rabbit hole and emerge enlightened before the plethora of Schittcoins (and yes, they include ethereum) popped up everywhere. They formed a treacherous moat between Fiatcoiners and Bitcoiners. This formidable barrier inhibited direct transitions into the enlightened Bitcoiner state.

Those Dumschitts who fell into the quagmire of centralized Schittcoin pump-and-dump schemes got rekt big time. Those horrible experiences nudged them down the bitcoin rabbbit hole, which converted them to Bitcoiners, who are all anti-Schittcoiners. Until the Schittcoin market fully implodes, direct transitions from Fiatcoiner to Bitcoiner while avoiding the Schittcoin swamp will be rare.

Notice that the Bitcoiner state has no exit transitions. Once a Bitcoiner, always a Bitcoiner In the long run, those who remain in the Schittcoiner and Fiatcoiner states will get rekt, and they’ll deserve it.