Not really meant as prediction, more valuation, like s2f. Metcalfe and s2f models are for roughly understanding why/how adoption and scarcity affect price.
Doesn't really matter for the argument
Current bitcoin adoption is ~1%
Adoption from 1% to 10% will be as fast as from 0.1% to 1%, as per the s-curve 1/(1+exp(a)) .. less than 10 years!
And yes, there is a link between adoption% and price (Metcalfe's law). The vertical is coming.
Of course banks & governments hate bitcoin!
Just like the horse industry hated cars
Just like the music industry hated MP3
Just like the telecom industry hated VOIP
Momentum is real
Bitcoin RSI > 50 .. bull market confirmed🚀
Trust in (central) banks is broken. Fiat system is compromised and weaponized (cut countries off Swift, freeze accounts, kill industries). Fiat money lost money functionality.
Bitcoin is math (ECDSA+SHA256+P2P) thus doesn't need trust. Bitcoin also uses less energy than banking!
Bitcoin momentum is turning bullish, despite banking woes. Blue is next, then red.
Btc > 200wma > realized price 🚀
Talk to a bitcoiner in your friends and family circle. Probability is high that some are willing to trade 1 or 2 btc for cash (or a car etc)
Bitcoin price is the best measure of adoption
Not at all. I know many people that pay and get payed in btc for many years. No need to go all in, just start small, with buying coffee with btc and asking btc when a bitcoiners owes you money etc.
No, I don't need on/off ramps. I need people who want bitcoin and are offering their products and services in btc: houses, cars, yachts, bikes, hotels, airplane tickets, restaurants, supermarkets, computers, clothing, second hand markets etc etc.
Bitcoin
Yes we are at that point. I know many people who already are at that point .. for years
We do not need banks
We do not need on/off-ramps
Just start asking #bitcoin for your products & services
Just start using products that can be bought with BTC
Just stop using banks and fiat (USD, EUR etc)
Yes one of the disadvantages of being anon is that I can't go to conferences, unfortunately because I love f2f meetings..
Huh, how can you lose followers? They are following your public key, how can relays change that?
