A phenomenon observed in individuals who have been involved with Bitcoin for an extended period, typically spanning a decade or more, characterized by a growing sense of disillusionment and resentment towards the evolution of Bitcoin and its community. These individuals, often early investors who have amassed significant wealth from Bitcoin's appreciation, express discontent with the perceived divergence of the cryptocurrency and its culture from its original ethos and intended purpose.
This disenchantment is further fueled by conflicts with contemporary Bitcoin proponents, leading to feelings of alienation and betrayal. As a result, individuals experiencing Bitcoin Derangement Syndrome may engage in behaviors contrary to their initial beliefs, such as advocating for or investing in alternative cryptocurrencies ("shitcoins"), potentially engaging in deceptive practices, or withdrawing from the Bitcoin community entirely in a form of protest or disillusionment. The syndrome reflects the deep-seated conflicts within the cryptocurrency community regarding its direction, values, and identity.
This disenchantment is further fueled by conflicts with contemporary Bitcoin proponents, leading to feelings of alienation and betrayal. As a result, individuals experiencing Bitcoin Derangement Syndrome may engage in behaviors contrary to their initial beliefs, such as advocating for or investing in alternative cryptocurrencies ("shitcoins"), potentially engaging in deceptive practices, or withdrawing from the Bitcoin community entirely in a form of protest or disillusionment. The syndrome reflects the deep-seated conflicts within the cryptocurrency community regarding its direction, values, and identity.
He used to be such a good Bitcoiner, now suffering from Bitcoin Derangement Syndrome (BDS) he's peddling shitcoins to enrich himself.
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by Bitcoin Drugs July 14, 2019
Get the Bitcoin Pharmacymug. A condition observed in long-term Bitcoin participants, typically those involved for a decade or more, marked by a profound disillusionment with the current state of Bitcoin and its community. These individuals, often early investors who have become wealthy due to Bitcoin's growth, find themselves at odds with the evolving narratives and cultural shifts within the Bitcoin ecosystem. Feeling estranged by what they perceive as a departure from Bitcoin's original principles and intentions, they exhibit behaviors that contrast sharply with their initial commitment to Bitcoin. This may include supporting alternative cryptocurrencies, engaging in questionable practices, or completely disassociating from the Bitcoin community. The syndrome is indicative of the broader internal conflicts over the direction, values, and identity of the cryptocurrency community.
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