PETROS on Nostr: Until now, Bitcoin's adoption curve has been filled with people who have done the ...
Until now, Bitcoin's adoption curve has been filled with people who have done the work to understand it. If Bitcoin adoption experiences hockey stick growth, then later adopters will not do the work. The idea that billions of people will read and absorb The Bitcoin Standard is absurd. The vast majority of late adopters will expect the same level of convenience they have with TradFi. They will not bother to learn how the Bitcoin plumbing works. They will grow frustrated if the systems are inconvenient or impose too many frictions on use. They won't care about or understand self-custody. They won't care about or understand self-sovereignty. They will trade it all for convenience. An ETF is one step down the path of convenience. A 0.39% OER will be a small price to pay in their minds for that convenience.
Published at
2024-01-05 13:51:16Event JSON
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"content": "Until now, Bitcoin's adoption curve has been filled with people who have done the work to understand it. If Bitcoin adoption experiences hockey stick growth, then later adopters will not do the work. The idea that billions of people will read and absorb The Bitcoin Standard is absurd. The vast majority of late adopters will expect the same level of convenience they have with TradFi. They will not bother to learn how the Bitcoin plumbing works. They will grow frustrated if the systems are inconvenient or impose too many frictions on use. They won't care about or understand self-custody. They won't care about or understand self-sovereignty. They will trade it all for convenience. An ETF is one step down the path of convenience. A 0.39% OER will be a small price to pay in their minds for that convenience.",
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