masses will chose CBDC not bitcoin - they still go with G - same way it was played in 1971 Nixon shock. maybe 10% or less held onto $42/once yellow rock. let see if diff this time - only 500million btc user/5billion internet users after 14yrs
Discussion
Yes, my scenario has never been that people will adopt bitcoin, they won't, bitcoin will have a partial success case, it will be adopted by the elites and by people with sufficient critical capacity.
it really needs "real radical recent shock" to get sheep/masses zapped - like is happened in 1996 asia (Thailand Korea, Malay), VN (1970s), Balkans (1990), Russia 1989, Germany 1920s, Argetina (forever)... slow 10 to 15% inflation/devaluation like in Turkey / India / SouthAfrica - doesn't shock masses they will take as is except elites / well-informed in those places
Agreed but Iād say a huge driver in that is how much bitcoin companies can deliver products and services that can be easily digested by everyday people. As a collective we have come so far, the wallets and UIs are much more user intuitive but still a ways to go.
point is good
- "tech simplification bur secure BTC wallet" for average layman of any age/background is more important than marketing to handful millionaires - many pleb punks dnot get this bc they think they can do mean other can do it. "others" a subset of people who always TRUST 3rd party to catch/blame/mangetheirfund
- scams/mania will always be there like 1700s dutch tulip / Charles Ponzi 1900s - scams / criminals existed before internet/bitcoin since before christ
- ask how many have at least one self custody wallet in bitcoin? (reason many youngsters evm type metamask wallet they r lazy install bitcoin node wallet)