Well, I sure do love my hometown. And I had this idea of #bitcoin  as a local/global currency that would draw international attention. But of late I’ve been realizing this is a s-l-o-w process.

#Mendocino

Today I had coffee with a neighbor. He lives here but works for one of the big Silicon Valley tech firms. His specialty is encryption. He ‘understands’ Bitcoin but he doesn’t ’get it’ with Bitcoin. For him Bitcoin is a novelty, a clever use of technology.

My meeting today taught me something which is hard to articulate but it’s something like one of those visual puzzles. With bitcoin you either see the glass or the faces (I’m not sure which one bitcoin is in this analogy.)

Ultimately adoption of bitcoin is slow. You have to have a low time preference. People find bitcoin when they’re ready.