Replying to Avatar π•žπ•ͺ𝕑𝕒π•₯𝕙π•₯π• π•—π•šπ•£π•–

Was Bitcoin meant for the masses or will it be an asset for the 1%?

Is unit bias real and for the masses it is too expensive and they will instead look for faster cheaper scams from the "cryptos"?

#asknostr
Avatar
FernandoTheKoala 4mo ago

It was meant for the masses but I have realized that they are way worse than we all thought. They are scared, they don’t want responsibility and don’t want to learn anything new.

At this point I believe btc adoption will be driven by the 1% that have the right mentality (openess, creativity, drive, which are shared way more by the wealthy that the masses). The masses will get btc only when it is absolutely β€œsafe” and when the wealthy will have gathered most of it

Looking on the bright side we still get a world on a bitcoin standard, it’s just a shame that the masses wasted such opportunity

Reply to this note

Please Login to reply.

Discussion

Avatar
π•žπ•ͺ𝕑𝕒π•₯𝕙π•₯π• π•—π•šπ•£π•– 4mo ago

Great take. I am thinking we may not get more than 1% self custody, but maybe higher custodial.. Upto 10%. Like only 10% of people own stocks, probably Bitcoin will be the same.

Avatar
FernandoTheKoala 4mo ago

1% self-custody sounds about right for the next 10 years, the other 99% will use custodial.

But I hope that in 20 years we will be at least at 10% self-custody

Also it’s true what you say, something like 20% actually invest and know how to manage money, the other 80% don’t do shit or are just trying to survive day to day and don’t have any savings

Sorry lately I’m really disappointed by humanity, I’m just dumbfounded by how asleep the average person is, I realized this in the last 6 months talking about btc to ppl