Thread

We just got a pretty major grant from a thing called Octant and the Ethereum Foundation to produce a documentary about the DOJ‘s case against Roman Storm. Probably gonna get lynched for this, but I think we need to talk. While we are grateful for every donation, over the past ~1.5 years we received noticably less donations in Bitcoin than we received in ETH, Zcash and Monero over the course of just a few months - while our main audience *are* bitcoiners. The only way I can explain this to myself is that there seems to be an issue with the general mentality of trying to keep your bitcoin to yourself, which results in a significant lack of support for others - and it makes me really sad. The way the Ethereum community is supporting the tornado cash developers is nothing short of extraordinary. Compare that to our support of Samourai, who collected a mere few 100k, while Roman Storm raised millions to fund his case. At the same time we end up wondering why most people in bitcoin are retarded orange tie maxis that treat BTC like just another stonk, and why its use as a tool for the people falls more and more behind in the global narrative. Its time we start taking better care of each other in this space, and I hope that next time one of us is criminally indicted, we support them with all that we have.

Replies (31)

It could also be that the Samurai guys were kinda dicks. They also (apparently) have a large personal stash. If someone has over 100 or 1000 bitcoin it makes donating more difficult. I agree that bitcoiners can do a lot better in this area.
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↩ replying to L0la L33tz
Yeah, wasn’t the point of Bitcoin to give you the ability to use it even when prosecuted by the state? Samourai guys were bragging and touting the state to come and attack them, so one would assume they had a way to protect and use their stack in all sorts of adversarial situations. Turned out they were all bark and no bite.
I think most actual Bitcoiners already know the government is shit. Bitcoiners understand what values them. We pay for our own values. Bitcoiners would more likely pay to see documentaries in person after it’s already made. At Bitcoin conferences around the world. I would! My company would most likely sponsor the showing. I would love to see a production of the samurai story.
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I respectfully disagree with this take. I've done more than 400 livestreams over two years all focused on growing Bitcoin adoption and helping Bitcoiners protect their sats The entire journey has been funded by the community. We have no sponsors and have no plans of changing that. I believe that maintaining one's voice - without influence of sponsors - is most important in this space. There are a ton of INCREDIBLY generous and supportive Bitcoiners out there. The community has allowed me to wake up every day and talk about Bitcoin. Could it be better? Of course. I feel like I should have 100,000 viewers on the livestreams every morning - strictly because of how exciting and important Bitcoin is. God bless all the people who have and continue to support the channel. You know who you are - and I would not be here without you 🧡
L0la L33tz's avatar L0la L33tz
We just got a pretty major grant from a thing called Octant and the Ethereum Foundation to produce a documentary about the DOJ‘s case against Roman Storm. Probably gonna get lynched for this, but I think we need to talk. While we are grateful for every donation, over the past ~1.5 years we received noticably less donations in Bitcoin than we received in ETH, Zcash and Monero over the course of just a few months - while our main audience *are* bitcoiners. The only way I can explain this to myself is that there seems to be an issue with the general mentality of trying to keep your bitcoin to yourself, which results in a significant lack of support for others - and it makes me really sad. The way the Ethereum community is supporting the tornado cash developers is nothing short of extraordinary. Compare that to our support of Samourai, who collected a mere few 100k, while Roman Storm raised millions to fund his case. At the same time we end up wondering why most people in bitcoin are retarded orange tie maxis that treat BTC like just another stonk, and why its use as a tool for the people falls more and more behind in the global narrative. Its time we start taking better care of each other in this space, and I hope that next time one of us is criminally indicted, we support them with all that we have.
View quoted note →
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Hit piece lady taking money from shitcoiners and VCs, while attacking guys like Luke and Mechanic, then crying Bitcoiners don’t help enough with the defence costs of other shitcoin devs and privacy larpers like the Samourai crew. It really makes no sense, why would these toxic Bitcoiners be so unwilling to help? image View quoted note →
while you seem to be doing important and quality work, it's a bit hard to expect people to send money as support when it's not clear what or who the money funds. You want donations, you need to display transparency, governance and accountability. ETH foundation giving you shitcoins is on the same level as some billionnaire giving to a charity money that evaded tax and will be used to deduce yet more tax --> an absurd cynical move, stealing from the mass to appear generous and morally righteous
The amount of negative comments in this thread with GFY and blaming for "shitcoining" is a sign of deep brain rot. It's one thing to caution newbies about buying alts. It's a completely different thing to believe that only btc is money, while denying reality of alts being used as money, including in donations/investments in our own social layer - journalists, lobbyists, human rights activists. The former is wise, the later is idiotic.
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What bothers me about this note is that I see so many high-profile Nostr users calling out to the community for help so many times. But when I take their npubs and put them into @npub1sx9r...6g8m, it seems like they never zap. Lola, as much as I respect your work, you've received 4 million zaps but haven't sent even 1,000. I make a shitty podcast, and I have an average income. And I zapped way more than you did with a low-key profile here on Nostr. If @ODELL or @Marty Bent called me for zaps, I'd usually zap! I will do as you do, not as you say! Don't get me wrong! I admire your work. But don't you think that other things on Nostr are valuable, too? I hate to be the snitch, but... It's our job! Remember: Don't trust, verify!
L0la L33tz / L0laL33tz
L0la L33tz / L0laL33tz on Nostr (npub1mznwe...6mak)
Independent Journalist. Bylines in too many places.
Interesting, thanks for sharing. Thinking past the proximate cause, I wonder if the fiat-like unlimited supply of something (like ETH) makes people more likely to spend to support causes they are interested in?
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Wokecoiners. Some bitcoiners like to echo "stay humble" and love to front the prophecy about the Bitcoin economy and the Bitcoin standart but that's just virtue signaling to the group, masking their private intentions. Uuh you said the right thing, you got the zaps, the likes, you're a big boy bitcoiner now! Watch the same people turn on each other and act like entitled brats and bitches immediately after when somebody argues for a different bitcoin implementation. You won the game of Bitcoin, you lost in life, wokecoiner. I love my corn and I couldn't care less what the rest of you think. I do this for my own benefit. If Bitcoin's game theory lured me in by that desire and uses me to benefit others, that's just a testimony to why I love Bitcoin. It outsmarts me and my personal F, U & D with fairness and stoicism. Well played. Still: Bitcoin is not an identity. Bitcoiners who only talk bitcoin suck balls. View quoted note →