I was wrong when I dismissed Bitcoin as a Ponzi scheme in Dec 2017 and gloated with I told you so vibes when I crashed. It went back up eventually.
I was wrong when I dismissed the feasibility of a decentralized currency; thinking it can be crushed overnight by a government decision. China banned it and it chugged along fine.
I was wrong when I thought that some mild inflation is good for the economy. I read the Bitcoin standard in a weekend and was completely blown away how I was waist deep in fiat propaganda.
I was wrong when I learned more, and thought that it’s entirely captured by centralized exchanges who hypothecated the limited supply and turned into another gambling product. All those companies went bankrupt and Bitcoin is fine.
Three weeks ago, I reassessed my position that Bitcoin can’t survive without stablecoins and shady international exchanges. I use robosats exclusively now, and it’s really great.
Last night; I also discovered that I was wrong on my assessment that lighting will end up centralized with a couple of big companies doing 90% of the routing because it’s too hard to run a lighting node. It’s really not - and easier than running a Bitcoin node before Umbrel came along.
I look forward to being proven wrong again on Bitcoin. I do think part of the adoption challenges is that Bitcoin requires deep humility, which is somewhat lacking in our modern society.
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