@ AVB

For whoever has, will be given more, and they will have an abundance. Whoever does not have, even what they have will be taken from them.

Matthew 25:29, The Parable of the Talents (New Testament)For whoever has, will be given more,\ and they will have an abundance.\ Whoever does not have, even what\ they have will be taken from them.\ \ Matthew 25:29,\ The Parable of the Talents (New Testament)

How the Pump-my-bags mentality slows Bitcoin adoption

The parable of “thy Bitcoins” (loosely based on Matthew 25:29)

A man, embarking on a journey, entrusted his wealth to his servants. To one he gave five Bitcoin, to another two Bitcoin, and to another one Bitcoin, each according to his ability. Then he departed.

The servant with five Bitcoin buried his master’s wealth, dreaming of its rising price. The servant with two Bitcoin hid his, guarding its value. But the servant with one Bitcoin acted with vision. He spent 0.5 Bitcoin to unite Bitcoiners, teaching them to use the network and building tools to expand its reach. His efforts grew Bitcoin’s power, though his investment left him with only 0.5 Bitcoin.

Years later, the master returned to settle accounts. The servant with five Bitcoin said, “Master, you gave me five Bitcoin. I buried them, and their price has soared. Here is yours.”

The master replied, “Faithless servant! My wealth was meant to sow freedom. You kept your Bitcoin but buried your potential to strengthen its network. Your wealth is great, but your impact is none!”

The servant with two Bitcoin said, “Master, you gave me two Bitcoin. I hid them, and their value has risen. Here is yours.”

The master replied, “You, too, have been idle! You clung to wealth but failed to spread Bitcoin’s truth. Your Bitcoin endures, but your reach is empty!”

Then the servant with one Bitcoin stepped forward. “Master, you gave me one Bitcoin. I spent 0.5 Bitcoin to teach and build with Bitcoiners. My call inspired many to join the network, though I have only 0.5 Bitcoin left.”

The master said, “Well done, faithful servant! You sparked a movement that grew my network, enriching lives. Though your stack is small, your vision is vast. Share my joy!”

When many use their gifts to build Bitcoin’s future, their sacrifices grow the network and enrich lives. Those who “bury” their Bitcoin and do nothing else keep wealth but miss the greater reward of a thriving in a Bitcoin world.

This parable reflects a timeless truth: between playing it safe and building, resides the choice to take risk. Bitcoin’s power lies not in hoarding wealth (although it’s part of it), but mainly in using it to build a freer world. To free people from their confines. Yet a mentality has taken hold — one that runs counter to that spirit.

PMB betrays the Bitcoin ethos

“Pump my bags” (PMB) stems from the altcoin world, where scammers pump pre-mined coins to dump on naive buyers. In Bitcoin, PMB isn’t about dumping but about hoarding—stacking sats without lifting a finger. These Bitcoiners, from small holders to whales, sit back, eyeing fiat profits, not Bitcoin’s mission. They’re not so different from altcoin grifters. Both chase profit, not glory. They dream of fiat-richness and crappy real estate in Portugal or Chile — not a Bitcoin standard. One holds hard money by chance, the other a fad coin. Neither moves the world forward.

In Bitcoin, the pump-my-bags mindset is more about laziness; everyone looking out for themselves, stacking without ever lifting a finger. There’s a big difference in the way an altcoin promotor would operate and market yet another proof-of-stake pre-mined trashcoin, and how PMB bitcoiners hoard and wait.

They’re much alike however. The belief level might be slightly different, and not everyone has the same ability.

I’ve been in Bitcoin’s trenches since its cypherpunk days, when it was a rebellion against fiat’s centralized control. Bitcoin is a race against the totalitarian fiat system’s grip. Early adopters saw it as a tool to dismantle gatekeepers and empower individuals. But PMB has turned Bitcoin into a get-rich scheme, abandoning the collective effort needed to overthrow fiat’s centuries-long cycles.

Trust is a currency’s core. Hoarding Bitcoin shows trust in its future value, but it’s a shallow trust that seals it away from the world. Real trust comes from admiring Bitcoin’s math, building businesses around it, or spreading its use. PMB Bitcoiners sit on their stacks, expecting others to build trust for them. Newcomers see branding, ego, and grifters, not the low-tech prosperity Bitcoin can offer. PMB Bitcoiners live without spending a sat, happy to hodl. Fine, but they’re furniture in fiat’s ruins, not builders of Bitcoin’s future.

Hoarding hollow victories Hoarding works for those chasing fiat wealth. Bitcoin is even there for them. The lazy, the non-believers, the ones that sold very early, the ones that just started.

By 2021, 75% of Bitcoin sat dormant, driving scarcity and prices up. But it strangles transactions, weakening Bitcoin as a living economy. Reddit calls hoarding “Bitcoin’s most dangerous problem,” choking adoption for profit. Pioneers like Roger Ver built tech companies (where you could buy electronics for bitcoin), Mark Karpelès ran an exchange (Mt. Gox) and Charlie Shrem processed 30% of Bitcoin transactions in 2013. They poured stacks into adoption, people like them (even people you’ve never heard of) more than not, went broke doing the building while hoarders sat back. The irony stings: Bitcoin’s founders are often poorer than PMB hodlers who buried their talents and just sat there passively. Over the years, the critique from these sideline people became more prevalent. They show up here and there, to read the room. But that’s all they do.

The last couple of years, they even became more vocal with social media posts. Everything needs to be perfect, high-quality, not made by them, not funded by them, for free, without ads, and with no effort whatsoever, unless it’s NOT pumping their bags, then it needs to be burned down as fast as possible.

Today’s PMB Bitcoiners want the rewards without the risk. They stack sats, demand perfect content made by others for free, and cheer short-term price pumps. But when asked to build, code, or fund anything real, they disappear. At this point, such Bitcoiners have as much spine as a pack of Frankfurter sausages. This behavior has hollowed out Bitcoin’s activist core.

Activism’s disappointment

Bitcoin’s activist roots—cypherpunks coding, evangelists spreading the word—have been replaced by influencers and silent PMB conference-goers who say nothing but “I hold Bitcoin.” Centralized exchanges like Binance and Coinbase handle 70% of trades by 2025, mocking our decentralized vision. Custodial wallets proliferate as users hand over keys. The Lightning Network has 23,000+ nodes, and privacy tech like CoinJoin exists, yet adoption lags. Regulation creeps in—the U.S. Digital Asset Anti-Money Laundering Act of 2023 and Europe’s MiCa laws threaten KYC on every wallet. Our failure to advance faster gives governments leverage. Our failure would be their victory. Their cycles endlessly repeated.

Activism is a shadow of its potential. The Human Rights Foundation pushes Bitcoin for dissidents, but it’s a drop in the bucket. We could replace supply chains, build Bitcoin-only companies, or claim territories, yet we can’t even convince bars to accept

Bitcoin. We’re distracted by laser-eye memes and altcoin hopium, not building at farmer’s markets, festivals, or local scenes. PMB Bitcoiners demand perfection—free, ad-free, high-quality content—while contributing nothing.

The best way to shut them up, is asking them to do something. ”I would like to see a live counter on that page, so I can see what customers got new products” ”Why don’t YOU write code?” … and they’re gone.

”I would change a few items in your presentation man, it was good, but I would change the diagram on page 7” ”The presentation is open source and online, open for contributions. Do you want to give the presentation next time?” ”… “ and they’re gone.

”We need to have a network of these antennas to communicate with each other and send sats” ”I’ve ordered a few devices like that.. want to help out and search for new network participants?” ” … “ They’re off to some other thing, that’s more entertaining.

If you don’t understand you’re in a very unique fork in the road, a historic shift in society, much so that you’re more busy with picking the right shoes, car, phone, instead of pushing things in the right direction. And guess what? Usually these two lifestyles can even be combines. Knights in old England could fight and defend their king, while still having a decent meal and participate in festivities. These knight (compared to some bitcoiners) didn’t sit back at a fancy dinner and told the others: “yeah man, you should totally put on a harness, get a sword made and fight,… here I’ll give you a carrot for your horse.” To disappear into their castles waiting for the fight to be over a few months later. No, they put on the harness themselves, and ordered a sword to be made, because they knew their own future and that of their next of kin was at stake.

Hardly any of them show you that Bitcoin can be fairly simple and even low-tech solutions for achieving remedies for the world’s biggest problems (having individuals have real ownership for example). It can include some genuine building of prosperity and belief in one’s own talents and skills. You mostly don’t need middlemen. They buy stuff they don’t need, to feel like they’re participants.

And there’s so, enormously much work to be done.

On the other hand. Some bitcoiners can live their whole life without spending any considerable amount of bitcoin, and be perfectly happy. They mind as well could have had no bitcoin at all, but changed their mindset towards a lot of things in life. That’s cool, I know bitcoiners that don’t have any bitcoin anymore. They still “get it” though. Everyone’s life is different. These people are really cool, and they’re usually the silent builders as well. They know.

And yet, people will say they’ve “missed out”. They surely missed out on buying a lot of nice “stuff” … maybe. There are always new luxury items for sale in the burning ruins of fiat. There are always people that want to temporarily like or love you (long time) for fiat, as well as for bitcoin. You’re still an empty shell if your do. Just like the fiat slaves. A crypto bro will always stay the same sell out, even if he holds bitcoin by any chance.

You know why? Because bitcoiners don’t think like “they” do. The fiat masters that screwed this world up, think and work over multi generations. (Remember that for later, in piece twelve of this series.)

The only path forward

Solo heroics can’t beat the market or drive adoption anymore. Collective action is key. The Lightning Network grows from thousands of small nodes for example. Bitcoin Core thrives on shared grit. Profit isn’t sportcars — it’s a thriving network freeing people. If 10,000 people spend 0.05 BTC to fund wallets, educate merchants or build tools, we’d see more users and transactions. Adoption drives demand. Sacrifice now, impact later. Don’t work for PMB orders — they’re fiat victims, not Bitcoin builders.

Act together, thrive together

To kill PMB, rediscover your potential, even if it costs you:

Educate wide: Teach Bitcoin’s truth—how it works, why it matters. Every convert strengthens us.

Build together: Run nodes, fund Lightning hubs, support devs. Small contributions add up.

Use Bitcoin: Spend it, gift it, make it move. Transactions are the network’s heartbeat.

Value the mission: Chase freedom, not fiat. Your legacy is impact, not your stack.

A call to build The parable of Bitcoin is clear: hoard and get rich, but leave nothing behind; act together, sacrifice wealth, and build a thriving Bitcoin world. Hoarding risks a deflationary spiral while Wall Street grabs another 100,000 BTC every few weeks and sits on it for other fund managers to buy the stake (pun intended).

PMB Bitcoiners will cash out, thinking they’re smart, trading our future for fiat luxury. Bitcoin’s value lies in trust, scarcity, and a network grown by those who see beyond their wallets. Bury your Bitcoin or build with it.

If someone slyly nudges you to pump their bags, call them faithless leeches who ignore the call for a better world. They’re quiet, polite, and vanish when it’s time to fund or build. They tally fiat gains while you grind through life’s rot. They sling insults if you educate, risk, or create. They’re all take, no give — enemies, even if they hold Bitcoin.

Bitcoiners route around problems. Certainly if that problem is other bitcoiners. Because we know how they think, we know their buried talents, we know why they do it. It’s in our DNA to know. They don’t know why we keep building however, the worse of them don’t understand.

Bitcoin’s value isn’t in scarcity alone — it’s in the combination of trust, scarcity and the network, grown by those who see beyond their wallets and small gains.

Whether you’ve got 0.01 BTC or 10,000 BTC, your choice matters. Will you bury your Bitcoin, or build with it? I can hope we choose the latter.

If someone, directly or slyly, nudges you to pump their bags, call them out as faithless servants who wouldn’t even hear the calling of a better world. These types are often quiet, polite, and ask few questions, but when it’s time to step up, they vanish — nowhere to be found for funding, working, or doing anything real, big or small. They’re obsessed with “pump my bags,” tallying their fiat gains while you grind, sweat, and ache through life’s rotten misery. Usually they’re well off, because fiat mentality breeds more fiat.

They won’t lift you up or support you, because they’re all about the “take” and take and take more, giving nice sounding incentives to keep you pumping and grinding. They smell work, but never participate. They’re lovely and nice as long as you go along and pump.

Pump-My-Bags bitcoiners are temporary custodians, financial Frankfurter sausages hunting for a bun to flop into. We have the mustard. We know how to make it, package it and pour it over them. We’re the preservers of hard money. We build, think and try.

They get eaten. They’re fiat-born and when the real builders rise (they’re already a few years old), history won’t remember these people’s stacks and irrelevant comments — only our sacrifices.

by: AVB