Learned Along the Way, a Nocoiner Reminisces

I landed in the cryptocurrency space, thankfully, already wielding a healthy sense of skepticism. That didn’t help that much, unfortunately, because I quickly got sucked in by the promises of Bitcoin.

I still relish in those promises. They’re glorious in a niche way: some semblance of privacy, a new ability to transact across borders, a non-national form of currency. But I’ve finally learned what true skepticism means and it’s taken a really long time to figure out.

This seems like a twist, but hear me out.

I’ve faced a slew of questions that I haven’t encountered since the bullrun of 17/18. People are suggesting I’m:

  • a shill for stablecoins other than Tether
  • trying to FUD (fear, uncertainty and doubt) the price of Bitcoin down
  • bitter because of when I got out of Bitcoin
  • attacking Bitcoin and other cryptocurrencies by questioning Tether

I feel the need to refute these claims, one-by-one.

Now that we’ve moved past this, here’s what I’ve learned:

It isn’t rude for anyone to ask the questions I’ve answered above. It’s fair to be skeptical of my, or anyone else’s, intentions — you should be! Just as you should be skeptical of Tether, or FTX, or any entity telling you a story. We all have biases and incentives, we all want something, good or bad.

While “I enjoy writing about fraud and find cryptocurrency fascinating,” probably sounds invalid, it’s the truth. I don’t know what else I can say about that.

But healthy skepticism means questioning both sides and it’s truly what cryptocurrency is supposed to be built on. “Don’t trust, verify.” This means read articles, and read articles to confirm those articles, and watch documentaries, and GO TO PLACES if you can. Verify, verify, verify.

I’m proud of skeptics and a lot of the people I interact with in the cryptocurrency space. I think many are aware of the risks involved — whether it be with Tether, trading on centralized and questionable exchanges like Binance, or knowing that some sh*tcoin can go to zero — and a lot of individuals make their decisions knowing those risks. Ultimately, as a skeptic, that’s the most I could possibly ask for.

I just hope more people begin to think like skeptics do.

Stay skeptical, friends.

Fraud. Fraud everywhere.