ChipButty on Nostr: We've been told in the past that bitcoin has a faster adoption rate than the internet ...
We've been told in the past that bitcoin has a faster adoption rate than the internet but if that was true back then - and I don't doubt it - it certainly isn't now, there's no way it's keeping up at that speed. Just like those people who say bitcoin will prevent wars from happening, saying bitcoin will create a boom in childbirth is a dream, it just doesn't make sense. I remember back when people said bitcoin was going to kill the banks but that was never going to happen. Banks are *far* too powerful for that, they'd somehow get in the game if it made financial sense to them but bitcoin will not kill them. Hyperbitcoinization is currently no more than a dream & if it does happen it will be partly due to radically better technology than what we currently have because mass adoption of Lightning is never going to happen, check El Salvador for an example. Bitcoiners still get giddy any time a video of someone buying a coffee with bitcoin is posted online but that isn't growing at any meaningful pace. Also self-custody still isn't ready for prime time either despite what the maxis say although I think this area is getting better & better, lots of great things happening there. Don't get me wrong I am a bitcoiner and have been stacking for 6+yrs but some of the stories bitcoiners come up with just don't match reality, they are dreams but they are enticing.
Published at
2023-12-19 09:50:36Event JSON
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