SO I GET THAT AS A “STORE OF VALUE” - BITCOIN NEEDS ADOPTION BY THE 1% AND/OR INSTITUTIONS….
AND IT MAKE SENSE TO ME THAT 1 BILLIONAIRE BUYING IS EASIER THAN 1 BILLION PEOPLE SAVING $1.00….
I GUESS THE FACE RIPPING COMES WHEN THE MASSES START USING THIS NETWORK AS THEIR DAILY DRIVER…YOU KNOW WHEN THE BILLION PEOPLE ARE USING IT TO TRACK THEIR DAILY/MONTHLY SPENDING OF $1,000.00 OR MORE?
WHEN THAT GROWTH HAPPENS THEN THE SIDELINED “SOV” FOLKS JUMP IN AS WELL?
JUST SOMETHING I AM THINKING ABOUT :) AND I THINK OTHERS
MIGHT FIND INTERESTING
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Replies (3)
The masses will never use the base network like this.
Pleb slop.
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Unfortunately, the harsh reality is that most people are too fearful or distracted to take risks. The Fiat hamster wheel keeps them in a cycle of financial/mental slavery. They lack the energy to discern truth and instead default to following the crowd. Gradually (the 1% buys it all), then suddenly.
I think we can work around the fear and distraction by providing incentives better aligned with the protocol…like think about the difference between a company offering a discount on the price of “x” in fiat terms if paid with bitcoin vs. giving someone a share of the future price appreciation of bitcoin paid, which was equivalent to the best fiat price they could give?
That’s a business I want to support and one that is more likely to be around in 100-500 years!!!