jimmysong on Nostr: It frustrates me to see people complain because the Bitcoin isn't being adopted fast ...
It frustrates me to see people complain because the Bitcoin isn't being adopted fast enough. Guys, the money is 14 years old. It's not going to take over the world in 6 months. This is a decades long process.
And no, it's not going to be suddenly adopted because your local coffee shop starts accepting it. We've been down that road. That's not how Bitcoin becomes the dominant thing. People that get Bitcoin and stay in it are the ones that understand Bitcoin is better money. The virtue signalers that sell right away are not helping the cause. They're just using you to sell you their junk that you don't need.
Trust the incentives. It's going to happen. But if you act like a high time preference brat, then you're going to do something stupid and rash. Bear markets are when holders are made and if you don't make the cut this time, this fiat attitude is probably why.
And no, it's not going to be suddenly adopted because your local coffee shop starts accepting it. We've been down that road. That's not how Bitcoin becomes the dominant thing. People that get Bitcoin and stay in it are the ones that understand Bitcoin is better money. The virtue signalers that sell right away are not helping the cause. They're just using you to sell you their junk that you don't need.
Trust the incentives. It's going to happen. But if you act like a high time preference brat, then you're going to do something stupid and rash. Bear markets are when holders are made and if you don't make the cut this time, this fiat attitude is probably why.