FEAR
With all the great minds sharing info and pods dissecting everything, the one thing that we dont hear much about is what adoption looks like. We talk alot about what Bitcoin is, how it works, what it can do. We talk about the future and what the inevitable failure of fiat will look like and we even discuss what a future on a bitcoin standard is and how that could work at scale.
But what i ponder is how do we get there? What does that look like? Is there something more we could or should be doing? Things we should not be doing?
After many hours of shallow thinking with a small amount of drool, heres what i arrived at. This will be a slow process. So slow that you and everyone else might miss it if you arent paying attention. I equated it to the old days when we paid cash and wrote checks for everything. Credit cards were a thing but really werent for everyday use.
The places i first think i noticed card use was the grocery store and gas station. Remember the knuckle buster the cashiers used to make imprints of the card? Does anyone remember layaway?After a time the cards had readers and then debit came along. Thats when things really started moving. You didnt really notice that now people were swiping everywhere for everything until "that person" pulled out a checkbook and everyone in line groaned. Just swipe your card!!! Jeez. Now nobody really has cash or rarely do we use a check.
Thats what adoption looks like. I understand there are places that this is normal and there are circular BTC economies. But i dont feel comfortable with the sats i have, spending them seems like just giving away a valuable resource never to be seen again. I need to be able to get paid in BTC before i can think of spending in BTC. The same reason we all didnt rush out and charge up our credit cards when they first came out. Theres a cost associated with that use. Over time that hurdle will become less and the cost ignored. Can i pay cash or check? Probably. Do i? No. All my banking is digital. Get ready for cbdc. We are moments away from that being forced on us. I think as soon as the powers that be figure out how to hide their digital footprints it will happen. I hope it doesnt, but we are mostly digital already.
With this government pushing crypto, not BTC, i can see that increasingly being available on more pay platforms. I can see them having giftcards at the kiosks. Until one day, its as if it were always that way. Now that the shitcoins can rude along, they will push for this. And since they can manipulate their coins it will be just like the stock market. Insiders will pump and dump over and over. The masses will get fleeced until hopefully one day they realize, "hey! BTC doesnt get rugpulled" and now all those options on the touchscreen on choice of crypto will slowly become less and less relevant as they start to go to zero.
Thats all i could come up with, i still have to devote at least a year of mental energy to think about what the U.S. government could do that might help or hinder this path and why.
Oh and as always, we SHOULD be talking about this. And should be finding ways to promote this. As for the reasons not to? I got nothin.
Last thing, the only place ive ever spent any BTC is right here. Wasnt much but i really wanted to try it and i wanted to thank somebody for sharing a good thought. It felt good.
Right after this im gonna post a request on a topic about small businesses. This IS the place that all the podcasters, innovators and known personalities frequent.
Have a great day.๐๐
The Outlier
npub13eve...9nx6
backing away from the norm