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"And it's okay if most of the people don't want to have anything to do with it."
I'm not sure how to process this honestly...
Bitcoin isn't especially good at privacy (in the best of cases) and it isn't especially fast (although Lightning certainly helps).
Bitcoin is good at... 'not changing' and 'being transparent' in the need for decentralization and transparency and sound money. But if 'mass adoption' means lots of custodians and fin-tech apps run by public companies... where is the censorship resistance? What is the point?
Will the State suddenly forget about Capital Gains for millions of tiny purchases by millions of people? Especially since it's mostly custodial anyway?
If they do... then Bitcoin becomes a de-facto 'currency' and I don't see government accepting that. If they don't... expect clampdown on things like Square?
Will the State suddenly forget about Capital Gains for millions of tiny purchases by millions of people? Especially since it's mostly custodial anyway?
Will the same state be able to enforce that for millions of tiny purchases by millions of people?
I hope common sense prevails over trying to prosecute a large chunk of their population, making them change that categorization eventually.
I think you really nail it with this: many people aren't aware of any reason they should want bitcoin.
Maybe this means that all the work on Bitcoin -- the refinement, the fortifying of the experience, smoothing out its many many rough edges -- maybe that is something that the nerds are doing just because they are nerds who really want to pay for their haircut over tor with the node running in their shoe closet. And it's okay if most of the people don't want to have anything to do with it.
I'm starting to think about it like I do running my node: I'm not here for altruism. I'm here because I want to know that the bitcoin you send me is real. Can we be bitcoiners just for ourselves? I'm not sure if that's a good attitude, but it feels more honest (more cypherpunk?) than preaching the good orange news.