# The Foreseen Regret: Bitcoin's Path to Mainstream Adoption and Missed Opportunity

The sentiment is increasingly palpable among early adopters of Bitcoin: a bittersweet blend of vindication and profound disappointment. As the cryptocurrency edges closer to widespread public awareness, many foresee a future where the general populace, finally awakening to Bitcoin's significance, will turn to those who championed it years ago, only to be met with a narrative of squandered opportunity. The core of this impending regret lies in the perceived window of time for genuine individual empowerment, a window that, by then, will have likely closed, ceding control to established institutions.

The "first-mover advantage" is a recurring theme across disruptive innovations, and Bitcoin appears to be no exception. For years, dedicated individuals have attempted to elucidate the fundamental principles and potential of a decentralized monetary system to friends, family, and colleagues. Yet, the vast majority remained on the sidelines, skeptical, indifferent, or simply unaware. This inaction, proponents argue, will prove to be a critical misstep.

The concern is that by the time Bitcoin achieves widespread public acceptance, its landscape will have been irrevocably altered. The advent of Exchange Traded Funds (ETFs), coupled with increasing governmental and corporate interest, suggests a future where a significant portion of the available Bitcoin supply could be concentrated in the hands of these large entities. This institutional accumulation, it is feared, will effectively diminish the opportunity for individual citizens to acquire meaningful amounts of Bitcoin at accessible prices, thereby eroding the very decentralization and "power back to the people" ethos that initially drove its appeal.

While the ease of peer-to-peer transactions—the ability to send Sats (the smallest unit of Bitcoin) between individuals without immediate tax implications, much like sending physical dollars—may indeed become a reality, its utility in everyday commerce is predicted to be a different story. The apprehension is that transactions involving goods and services from major retailers, such as fueling a car or purchasing items from large stores, will invariably become subject to taxation, potentially eroding a significant percentage of one's Bitcoin holdings. This scenario leads to a bleak conclusion for many: instead of serving as a tool for financial liberation, Bitcoin risks becoming another mechanism for governmental revenue generation, essentially transforming into a "fiat bailout" for established systems rather than a genuine alternative.

In essence, the impending regret stems from a belief that the unique window for individuals to truly leverage Bitcoin as a disruptive force—to reclaim financial autonomy outside of traditional centralized systems—will have passed. The foresight of early advocates will be acknowledged, but their warnings unheeded, leading to a future where Bitcoin, while ubiquitous, may ultimately serve the very powers it was designed to circumvent.

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Discussion

Nice piece.

Regardless of whatever mainstream narrative takes hold, bitcoin is always going to be there for whoever needs it and whoever puts in the work to learn how to use it best.

That's not saving us from paying taxes and we will remain a cash cow producing them value.

But, hard value with a limited supply this time.