First off, I don't expect the fools on tv or in wsj, bloomberg, ft and the rest to see Bitcoin for what it is anytime soon. Their whole careers are built on the system as is. They're experts at snuggling up to the warm underbelly of the state. Their first experience of the cutting edge isn't going to come until it cuts them away from suckling on the government's teat.
The thing it comes down to is that Bitcoin really is blackmarket money. Blackmarket money isn't money used by enthusiasts or fans, it has people who use it because it's the best (sometimes only) way to solve their problem. But people in the US don't feel like they have a state problem yet. They haven't been convinced that they are suffering from a big brother problem.
I don't think we get any kind of widespread adoption until the USD becomes harder to use to break the law and people realize they need money that lets them break the law. (If I'm right about this, you'd expect places like China, N Korea, and Iran to have higher adoption, though -- so, either I'm wrong about how oppressive those regimes are, or there's something else I'm missing here).
So adoption is probably (hopefully) going to increase most in places outside the US. And I see that as a good thing.
First off, I don't expect the fools on tv or in wsj, bloomberg, ft and the rest to see Bitcoin for what it is anytime soon. Their whole careers are built on the system as is. They're experts at snuggling up to the warm underbelly of the state. Their first experience of the cutting edge isn't going to come until it cuts them away from suckling on the government's teat.
The thing it comes down to is that Bitcoin really is blackmarket money. Blackmarket money isn't money used by enthusiasts or fans, it has people who use it because it's the best (sometimes only) way to solve their problem. But people in the US don't feel like they have a state problem yet. They haven't been convinced that they are suffering from a big brother problem.
I don't think we get any kind of widespread adoption until the USD becomes harder to use to break the law and people realize they need money that lets them break the law. (If I'm right about this, you'd expect places like China, N Korea, and Iran to have higher adoption, though -- so, either I'm wrong about how oppressive those regimes are, or there's something else I'm missing here).
So adoption is probably (hopefully) going to increase most in places outside the US. And I see that as a good thing.