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What happened to the userbase of Stacker News? There is a narrower, smaller userbase now than there was a year ago. Granted the users now are more 'hard-core' and more dedicated... but there are fewer of them.
The fees are 1 sat/vbyte and the 'next block' is usually 20-30% actual 'transactions'... the rest of the block being repetitive op_return runes-things at (.2) sat/vbyte. Basically 2 pennies a transaction.
Bitcoin has no educational institute, no onboarding process, no easy adoption of merchants, no 'new-hire' process and so the education is all-over the place. Bitcoin "twatter" is a total disaster it's all buy-my-shitcoin shills and people promoting disinformation/misinformation.
In other words... "Lightning doesn't work" "buy my coin" nonsense over and over so new people have no idea where to even start, assuming that 'newbies' go to Twatter to 'learn about Bitcoin'.
On top of that you legally can't buy a coffee without declaring your 'capital gains' taxes on 1% appreciation from the day before... the current situation is untenable.
We recently had 2 'privacy wallet' developers literally go to jail for unlicensed money transmitting... on top of a non-custodial wallet which doesn't make any sense.
Bitcoin is more than a store of value. We do need to be careful in both directions. Don't be impatient and set unrealistic expectations but also don't think it will just magically be adopted by the masses.
Wrote about this a few years ago. Honestly long time bitcoiners seem to get this in my experience and for sure most Stackers.
#179556