Subnostr

Don’t get me wrong, I’m a Bitcoin maxi and early adopter and I’ve come to love the Lightning ⚡️ network, but if we don’t ask* this questions, how are we going to improve this protocols for massive/ global adoption?

SinedinZigan 2y ago

I think real mass adoption will not happen. Not in the next 10 years. Sure it should be OUR goal to orangepill, educate and onboard people but here comes my thought about this.

I think here will be the pareto principle 80/20 rule effective. The 80% will probably buy the BTC ETF's insead of real BTC as the most are frighten to don't get their invested money in fiat back. The 20% will be us and those who are onboarded until ETF is approved.

They will just start to realize that they have been lied when the fiat money system fails and their money is gone. The BlackRock shareholders will be surely be informed previously and take their money out before all the ETF maxi normies will do. So they have no more money left to buy real BTC. And BR will still hold the real BTC and is only fiat bankrupt.

So, what kind of choice will reamain for those who have than nothing anymore? CBDC. "You will own nothing and be happy". I think this game will played out exacly like i predict now. Sad to say but no, there will be no mass adoption in my opinion.

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Discussion

Clarisse Mcclellan_⚡️ 2y ago

Well that would be very sad but not at all surprising… what’s surprising is that the bitcoin community is allowing this to happen for a monetary short term benefit.

Bitcoin ETFs, in my opinion, represent a significant deviation from what makes Bitcoin inherently valuable and unique. To me, Bitcoin is not just an investment vehicle; it's a symbol of decentralization and inclusion, designed to eliminate the middle man with peer-to-peer transactions, censorship resistance, and a limited supply, transcending simple monetary gains. However, the concept of ETFs, especially those managed by large entities like BlackRock, seems to contradict Bitcoin's core principles.

ETFs centralize what is essentially a decentralized currency and deprive individuals of the control and direct interaction that are integral to the Bitcoin experience. This shift towards ETFs could lead to a loss of important educational aspects of Bitcoin, such as understanding digital wallets and blockchain technology. It could also create vulnerabilities in the Bitcoin network due to centralized control of the asset.

For me, the move towards ETFs is a horrible significant step away from the technological empowerment and societal benefits that Bitcoin, in its unadulterated form, offers to individuals and the community at large.

inventor 2y ago

Normies gonna normie. This "fix the money fix the world" won't work. We need more and more and more freedom tech, it's the only way. Bitcoin alone doesn't cut it, it's only the beginning.