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Maybe it will drop down and maybe it won’t. Eventually it won’t. That’s the part where Satoshi said “if enough ppl think the same way it becomes a self fulfilling prophecy”

DRE 5mo ago 💬 2

I think that’s more referring to going from 0 to 1, which we did.

I don’t think we will see an S-curve adoption with Bitcoin. Nothing I see tells me Bitcoin’s network is the same as Facebook or TV adoption. We have ETFs, Bitcoin being sold in just about every fintech app, the President talking about it, consistent appearances on MSM by Bitcoin proponents, companies adopting, famous people in pop culture talking about it, etc. And still the average person walking down the street is oblivious, and the ones that know about it and have some don’t fully get it.

The “suddenly” part is not coming. Adoption will continue to follow a power law, which is quite fast anyway.

What people are not prepared for is a “slow” grinding multi year bull market.

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Discussion

Allen 5mo ago 💬 1

Yeah I actually don’t compare bitcoin to a network like Facebook or the internet. The idea of bitcoin as Money exists only inside our heads. Bitcoin becoming money is entirely mental. People just need to think a new way. I compare bitcoin adoption more to the adoption of new scientific ideas like Einstein’s Relativity or Copernicus’s Heliocentric theory. Relativity took about 5 years, Heliocentric took about 100.

7 Hole Doughnut 5mo ago

Really interesting take.

I'm thinking Relativity theory might fit better than Heliocentricity as Relatively is a concept through which we understand and express the world, whereas Heliocentricity was a truth that we hadn't understood until Copernicus worked out what was going on.

DRE 5mo ago

It’s a network of nodes.

Ideology and monetary human constructs aside, if you want to forecast the increase in purchasing power then you have to project the growth of the network. A power law better describes the growth of the network than an S curve is my point.