Zelaya on Nostr: The future of #bitcoin is difficult to grasp. Look at Amazon. Amazon grew at a lost ...
The future of #bitcoin is difficult to grasp. Look at Amazon. Amazon grew at a lost for about 20 years. They sold cheaper goods to cut the competition and gain customers. Then you can sell them services. That is how they became one of the biggest companies in history.
Bitcoin grows in value as more and more people buy it. If people think that once the value goes to $1M, then people will use it "freely", they are delusional. Bitcoin has made it clear they don't just want some transaction fees. What every blockchain wants is to provide financial services for governments since they are the only ones allowed to issue legal tender.
Most blockchain technologies want to be adopted by governments, and bitcoin is no different. They don't just want a few customers, they want whole countries. Although, many are scams or try to give some value like privacy, most are competing to be the tech or base for stablecoin, cbcd, or what they will be called.
Reality is harsh.
Bitcoin grows in value as more and more people buy it. If people think that once the value goes to $1M, then people will use it "freely", they are delusional. Bitcoin has made it clear they don't just want some transaction fees. What every blockchain wants is to provide financial services for governments since they are the only ones allowed to issue legal tender.
Most blockchain technologies want to be adopted by governments, and bitcoin is no different. They don't just want a few customers, they want whole countries. Although, many are scams or try to give some value like privacy, most are competing to be the tech or base for stablecoin, cbcd, or what they will be called.
Reality is harsh.