u/WhenIntegralsAttack2

I have been listening to bitcoin podcasts since the Cold Wallet security breach because I was interested in hearing what the community’s reaction was going to be. My interpretation of the security breach is that this represents a fundamental loss of viability for bitcoin - that people who followed acceptable protocol just lost their life’s savings. These are people who, up to that point, had followed the communities acceptable guidelines for security and still were robbed. I’ll say more on this below.

What struck me was how unsubstantial most of the commentary and reactions were from a technical perspective. The podcasts were full of emotional outpouring and platitudes (praying for the victims, we’re all going to get through this, the sun will rise tomorrow, etc.) What the podcasts were doing was emotional coaching: giving the listeners the right mixture of expressed grief and talking points to keep them in the fold. The platitudes were all there: this will be good for bitcoin, this will only make us stronger, if you lost everything you now have the knowledge to build back even faster.

Going back to the security breach, for there to be mass adoption there absolutely must be ease of use. I don’t think anyone can reconcile bitcoin being a universal currency while also having to explain to our mothers why rolling a dice a hundred times is somehow necessary. Or even worse now multi-sig is being touted as the new standard, so each time we make a password mom will need to get her casino-grade dice out of the drawer to roll and record a hundred additional times. This is absolute nonsense.

Oh, and if you ever forget one of those passwords, or if you make one mistake in setting up your wallets, your life savings are locked away from you permanently.

This is the world that bitcoiners want? All to move to a network that can handle seven transactions a second. This is what global commerce will run on?

All this goes to say, and I know I’m preaching to the choir here, is that bitcoin adherence is fundamentally an emotional position rather than an intellectual or financial one. They want to be the smart kids who revolutionized global finance, the ones who separated money from state as they love saying. It’s a god complex amortized across an entire population rather than localized in an individual. That’s why the podcasts were more focused on maintaining adherence to the narrative and emotionally guiding them to the correct beliefs and feelings.

This isn’t finance, this is a cult.

Has anyone else had this issue with eTrade? I own UTF, a monthly dividend payer, which just paid a dividend on June 30th. It's now been several business days, and I have not yet received it. This is strange to me, as typically dividends are deposited the night of being paid.

Has anyone else had issues with eTrade not paid dividends?