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72 sats \ 1 reply \ @elvismercury 17h \ parent \ on: Orange pill immunity bitcoin
My sense is you just think that that there's no demand for the use cases of bitcoin, not that bitcoin isn't useful for them. [...] Basically, the things bitcoin is good for, few people care about.
That's what I'm afraid of, yeah. With a slight tweak:
  1. It's not so much "few people" as "small resultant m"
  2. What btc is good for, and that people do care about at large m, is a certain type of speculation. It is demonstrably the case that this is so.
  3. What is not demonstrably the case is that the m is very large for the common catechism that we can all recite, about how btc is sovereign uncensorable non-state money, blah blah.
Most of the response / advocacy is invariably aimed at category 2, and thus SN is replete w/ calls to educate the ignorant masses about the Good News of btc, get them to spend their sats on hamburgers, etc. I'm glad people are doing this. I bet it's doing work in the background. In fact, I'm confident that it is. But it's not moving the needle right now.
I'm coming to believe there's a nuanced and complicated relationship between type #1 value, and type #2 value, that I want to explore.
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129 sats \ 0 replies \ @SimpleStacker 17h
Yeah, I agree with you. I posted in another comment on this thread that I think a realistic outcome for bitcoin is that it becomes the Tor of money. Still around and being used, but never achieving mainstream adoption
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