Replying to Avatar jimmysong

It frustrates me to see people complain because the Bitcoin isn't being adopted fast enough. Guys, the money is 14 years old. It's not going to take over the world in 6 months. This is a decades long process.

And no, it's not going to be suddenly adopted because your local coffee shop starts accepting it. We've been down that road. That's not how Bitcoin becomes the dominant thing. People that get Bitcoin and stay in it are the ones that understand Bitcoin is better money. The virtue signalers that sell right away are not helping the cause. They're just using you to sell you their junk that you don't need.

Trust the incentives. It's going to happen. But if you act like a high time preference brat, then you're going to do something stupid and rash. Bear markets are when holders are made and if you don't make the cut this time, this fiat attitude is probably why.
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Account deleted 2y ago

I disagree with one part… coffeshops accepting Bitcoin. This bit matters a whole lot. Not just coffee, all shops. Why does it matter? It makes people think in sats and that is key.

Let’s take Switzerland as a case study, it started with major online shops, then regional taxes, then BTC available at any train station in the country, then local shops in selected cities, then post (also a bank with confederal ownership) accepting Bitcoin in and out, now major payment terminal provider is getting ready to roll out crypto options in thousands of shops.

When people accumulate BTC they often think in FIAT. Spending BTC for goods makes people think in sats, and that is key imo.

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<old>cypherhoodlum 2y ago

I agree and I bet it's way easier to convince small coffee shop owners to just download a lightning wallet and start accepting bitcoin straight away to avoid credit card fees, than getting a big grocery store to accept bitcoin. I wonder what's the best strategy for the bigger chains.

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Account deleted 2y ago

Groceries seem to be the tough one to get to. Here in Switzerland, online shops owned by the same chain accept BTC for electronic and household goods, but not for groceries.

Need for this bear to confirm its hibernation and we’ll start seeing announcements I bet.

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Weatherall 2y ago

honey badger dont give a fuck if karen can buy tampons or taekwon hot cheetos , skittles and robo...

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Account deleted 2y ago

Honey badger is a speculator. If honey badger does not give a fuck about people adopting BTC for everyday use what is honey badger betting on? Exchanging BTC for goods does not necessarily mean converting it to FIAT (unless shop is stupid or we deep in a bear market). Once businesses with a good BTC strategy will constantly outperform their competitors the rest will follow.

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Weatherall 2y ago

in the context of bitcoin , honey badger refers to bitcoin itself ... not the speculator , and the implication is that nothing can stop it - not whether one can buy sex dolls with it online , not whether or not it is feeding or banking the worlds poor , not lifting up the downtrodden , not whether lightning works , not whether it "scales" , etc ad nauseum...

it means bitcoin dgaf about any of that ...

it exists . period .

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Account deleted 2y ago

First time I hear honey badger being used in this context. See, the beautiful thing about Proof of Work is that it also involve the work of humans. These humans believe in running the honey badger at their expenses for a diverse set of reasons. Without these humans working the honey badger stops to live. All it needs for the honey badger to die is for humans to stop “giving a fuck” about it.