In your opinion, what are the reasons #bitcoin won't see enough adoption to seriously rival & threaten The Banking System© and instead fade into irrelevance against the Fiat Empire maintained by the Statusquorians? Fire away. What sucks?
#blackorangepill
people still listen to the radio, read newspapers.
banks will be around for a while.
Most people want a nicer cage, not greater freedom. So, they may be content to gain fiat exposure to Bitcoin via ETFs and the like rather than bother with self-custody.
Most people do not think for themselves and until those who do the thinking for society change their tune on bitcoin the masses won't either.
Covid proved that when the powerful say "jump" the masses ask "how high?"
Education. Most people are too busy trying to be a better slave and the only thing they will listen and try is a get rich quick scheme, everything else that requires to put some work into think they will dissmiss.
People prefer familiar slavery to the perils and uncertainty that come with freedom
KYC
Taxes
Possible ban by the government (wrong and impossible to fully enforce but will slow the adoption down)
Low IQ population
War, economic depression, Internet restrictions. Hacks and CBDCs, States open to adoption fail.
I, for one, don't think any of these things will be enough to stop bitcoin over the long term.
What does war do? Destroy Internet, power grid, all the infrastructure required? Cash is one and only money in a war torn country?
What is the risk in Economic Depression? People caught up in the fight for daily survival, no time for fancy internet money tricks?
Internet restrictions: state mandates ISPs to identify and shut down connections that are transmitting bitcoin network data? We won't be syncing over TOR, that's for sure.
Hacking what exactly?
I believe CBDCs will feel and work just like another PayPal, Gpay, Apple Pay to its users. CBDCs will be yet a convinient money transmitting service that "does the trick" while (especially self custody!) Bitcoin is too complicated. Why bother with it?!
States open to adoption fail, you think they're squeezed by the IMF and their mobsters?
Every significant change in the reserve currency in the past 150 years has come during a major war. It is a chance to push people in the direction the elite want them to go.
Economic depression is an opportunity for the politicians and corporate elite to push a scared populace into a centralized system that is "safe."
It is no good for social security or war
I think just because bitcoin isn't status quo is enough to not get adoptd. Noone is going to update a system unless they really have to, like Southwest Airlines or the imperial system.
Fear, combined with laziness, and perhaps lack of need in the West. Otoh, where there is a need, people will gravitate toward the good money. I believe the global south has the most monetary hope this this regard.
people being retards is most of the problem simping for the government and inflation
