I don't expect mass adoption. Holding bitcoin will become less attractive as the halvings become increasingly insignificant, block subsidy falls, and fees rise. Lightning could be a viable substitute for settled bitcoin, as well as other coins with similar properties, and metal coins. The other alternatives you mention entail lending, which is no substitute for holding one's own money.
https://github.com/libbitcoin/libbitcoin-system/wiki/Substitution-Principle
Thanks for the discussion. I still have a hard time seeing bitcoin do anything but accelerate over time.
What you say about halvings decreasing doesn't really make a lot of sense to me because the dollar denominated quantity that is made unavailable to purchase ath has increased historically.
I am biased though, so I am not surprised if I'm missing something
No replies yet.
