Replying to Avatar Mike Brock

I think assuming bitcoin has already won, hyperbitcoinization is inevitable, and it's only a waiting game until it happens, is borderline religious fanaticism, if I'm being honest. There's hard work ahead. That's going to be apparent in the coming months and years.
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HoloKat 2y ago

What do you feel could be the major obstacles? Miner regulation?

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Mike Brock 2y ago

If everyone were to rush to bitcoin tomorrow in some mass exodus from fiat, literally everything would break, including bitcoin. Literally everything. We'd probably end up nuking ourselves into oblivion in the midst of the chaos.

People have a poor appreciation for path dependence in complex systems.

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HoloKat 2y ago

😂

Yeah we even have issues with custodial lightning just within nostr, never mind a nation state or all nation states.

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Electro ⚡️ 2y ago

I also come to the conclusion that it’s going to be the long journey. We really need to fix scaling issues before mass adoption.

We are still early and likely going to be wealthy in a decade. It will be a slow grind.