Over 19,000,000 btc have been mined already
Why do you think we are early still?
Discussion
Cause I’ve NEVER met another person IRL that understands it
I will agree that there are way to many ignorant people.
But that’s a moot point considering how much bitcoin is being used.
Now, & how much it’s blasted on tv.
Well maybe we’re right on time and all the precoiners are just very late
< 1% global adoption
Agreed global adoption rates are abysmal at best
(government indoctrination)
But we do have one sovereign bitcoin country already.
That’s also <1% of countries. I think in terms of adoption it’s still early in the game. A lot of the foundational work for the Network is done, but adoption is maybe in the second inning.
I think adoption is being severely hindered by the mass hoarding by the hodlrs.
This is because of greed.
Bitcoin can’t be a p2p payment system when 95% is locked in cold storage.
Saving in bitcoin is using bitcoin. But I do spend it as well.
There is a view that as a given unit is adopted as global money it must first demonstrate that it can store value through time. And that’s the stage we’re in. I tend to agree with that.
But Bitcoin is used transactionally as well. In the end it’s not up to anyone to say how it should or shouldn’t be used - the market will decide.
I do not agree with "saving bitcoin is the same as using bitcoin" although I do understand the logic behind it.
I agree with having a "savings account" & "spending accounts".
Personally I don’t think enough people can detach bitcoin from the preconceived fiat market value.
It needs to be used more to transact & less saving to spread more adoption.
How do you plan to onboard the rest of the world population when there’s less then a few million bitcoin actually circulating working as a currency.
Everyone on earth needs a SoV. So demand for the sat unit goes up over time as people realize bitcoin is the perfectly engineered SoV tech + its decentralized and immutable.
So value of the fixed supply unit scales up with demand. That ensures there is enough bitcoin for everyone.
Not in the inflation graph. But we are early in adoption and general public's knowledge base
Is it possible 75% of the world’s population just doesn’t care enough & we’re a lot closer to peak population adoption then we think?
Because this is how many times my purchasing power will increase 3very 4 years and then my kuds will take over my keys and so on..
Also the expansion of 1 bitcoin as value increases there will be enough goi g around
Yeah but for that to happen a lot more coins need to be in circulation
I agree to an extent….
All the adoption was supposed to happen in the first 2 epochs when btc was supper cheap and easy to acquire.
That really didn’t happen.
Now we’re in a hodling phase where we hope the rest of the world catches on.
There is no way to know if the experiment will fail or not yet.
The up trend is real & real slow tho.
The thing is even before bitcoin there was gold bugs and free market enthusiasts. That group made a small percentage of the global population. I think the truth is mass adoption is already here for those who understand sound money. But it could take decades for usd to be replaced by bitcoin if it ever does.
"I think the truth is mass adoption is already here for those who understand sound money. But it could take decades for usd to be replaced by bitcoin if it ever does."
Very much agreed.