Replying to Avatar rev.hodl

Permanent money; permanent culture.

If you only know 10 people who own Bitcoin, doesn't this disprove anecdotally for you that 20 percent of Americans own Bitcoin? Those numbers are bullshit.
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BTC_P2P 1y ago

Ten people is a lot of people in a small circle. I’d say I maybe know 50 people total that I talk to on a semi-regular basis. So 10/50 = .2 aka 20% 😂😂

I wouldn’t guess 20% of Americans own Bitcoin personally but 5% is probably the lower bound. Wouldn’t be surprised if it was more though.

10k is a terrible and demonstrably poor guess though. Three orders of magnitude off.

You’re not addressing the reality that it doesn’t matter if someone has a .01 Bitcoin balance in their cash app, the politicians play a numbers game. There are millions of those cashapp guys out there and the politicians want to promise them bullshit to get their votes. This is so simple not sure why you’re having such a hard time.

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rev.hodl 1y ago

In my opinion, someone who just owns Bitcoin isn't a bitcoiner. There are less than 100k Bitcoiners in the USA, by my anecdotal experience.

I saw that troy cross survey that suggested that all kinds of people own Bitcoin but I think if he surveyed those participating in the culture of Bitcoin then he would find much more narrow results.

However, I do agree that more people are aware of Bitcoin and have Bitcoin than ever. I give tours of my homestead in which I talk a lot about Bitcoin, and in the past most people had no clue about Bitcoin. If they knew about Bitcoin all they knew was fud. Now, most people know about Bitcoin and have some or had some at one point. They still have no idea what to do with it or how to use it. They just hold on the exchange and are waiting to "take profits".