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I keep saying it. It's nice to HODL but that does not incentivize a circular economy which is key for the real population mindset shift from fiat money to sound money - the revolution. It is subtle but it's the key. Right now we work for fiat and decide what not to spend to save in #bitcoin. When the shift happens, we will work for #bitcoin and decide what to spend. Spend and replace. nevent1qqs9axpxqqstr5rfc5vd4mp3ndujef0vpr8fh68w3pk8k8y0wdmn4fgprdmhxue69uhhyetvv9ujucnfw33k76twwpshy6ewvdhk6h2waef
In a direct sense for sure. But there are arguments to be made that the attention saylor and microstrategy have garnered has caused a lot of people to orange pill themselves too I get what you mean though. Real “normal” businesses accepting bitcoin vis lightning for their shit is crucial and badass. Like @John52 and @Ben Justman🍷 and @Leathermint An extra cool bonus with steak n shake is they are also practicing and therefore spreading seed oil anti-adoption 🥹
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Deleted Account 10 months ago
Medium of exchange is the next evolution of store of value. #bitcoin continues to dedollarize fiat
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FL Justin 10 months ago
This 🤌🤘 nevent1qqs9axpxqqstr5rfc5vd4mp3ndujef0vpr8fh68w3pk8k8y0wdmn4fgprdmhxue69uhhyetvv9ujucnfw33k76twwpshy6ewvdhk6h2waef
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BTC-Satan 10 months ago
Microstrategy is Bitcoinizing corporate finance. Apples and Oranges.
I get the sentiment, but I actually disagree. They have done more directly for *payment adoption* but the adoption of bitcoin for any and all use cases is dependent upon it being broadly desirable. It means as many people as possible need to think of it as a safe, reliable way to hold value. There are no shortcuts to this process. It is literally a slow process of building conviction and those who truly believe holding the line and confidently so. Medium of exchange simply does not get here in any meaningful sense until it is obvious to everyone that you would want to hold and save in Bitcoin. It’s path dependent in the same way that you couldn’t have millions of newsletters and blogs until email and the internet. It’s simply can’t scale without the infrastructure for communication. And the “infrastructure” equivalent of bitcoin for payments, is the subset of merchants, users, and institutions that think owning bitcoin is a good idea. Thus, the most effective path to MoE, is convincing people Bitcoin is the best and most reliable place to park their savings. Saylor’s bull headed was has been a big part of that, all other criticisms aside.