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This whole topic is complex and nuanced and that is why it doesn't go well in online discussions.
- Bitcoin is still new. I know it seem old by modern standards but gold has been used for what? 5000 years. People still don't get bitcoin
- Bitcoin because it is new is not understood / valued consistently and therefore is highly volatile in real market value.
- Bitcoin solves real problems but most of the world isn't aware of this and most of the west doesn't even know about the problems so aren't looking for solutions. We are EARLY
- Bitcoin is already a medium of exchange meaning people do use it but it by most definitions is not money yet because most people do not accept it yet. IF you say it is money then your definition of money is just more broad. I can be used as money but its adoption needs to grow a lot more for their to be agreement on that.
- Bitcoiners rarely think like normies. Normies are dumb for sure but they aren't completely dumb. They are mostly ignorant so they act accordingly. Why spend something or get paid in something that goes up and down in value so much? Bitcoin needs to stabilize or fiat needs to destabilize a lot before this happens.
- Bitcoin needs to be used as money / medium of exchange to prove its utility. It also needs to be scarce and secure. It needs all of these to make sense. So if we don't use it buy/exchange goods then it will fail. So we need a vanguard that use it regardless of the game theory just to keep it going until enough people get the picture. We or our descendants will be rewarded.
I could probably make more points but I support the nuts like Darth because they help keep us honest. They aren't always right though. That's OK. I also support the pragmatists. My priority is serving my God, my family, and community over bitcoin. So I will not go to prison for it or starve for it. Bitcoin is a tool for freedom. Not the goal for me. But it is vital and I want to defend/use/support it and people that do.
"I think the biggest problem is that there aren't enough people actively using bitcoin to make any bitcoin-only business economically self sustaining"
Correct!
"I think the best path to bitcoin adoption is to focus on product first and bitcoin second."
Correct!
Here's the deal. Follow your principles. Not those of others. Be honest. Don't bullshit people (not saying you are btw). Don't get bogged down in responding to negativity even the good kind. Especially do not sink to the level of the worst attacks. I see so many people in the space lose credibility because they allowed emotion to drag them down into the mud. Its hard not to do that but as we have seen in recent bitcoin debates and drama... many of us are disappointed with many people's choices and how they behave. Regardless of their positions on a topic.
When you have character and principles you will be attacked at some point. I don't think Darth is attacking you but if there aren't people attacking you, its just a matter of time until they do.
Sadly, I think the biggest problem is that there aren't enough people actively using bitcoin to make most bitcoin-only business economically self sustaining.
That's why I made this post: #1441373, because I think the best path to bitcoin adoption is to focus on product first and bitcoin second.
For a financial services provider, that may force them to dabble in fiat and gasp crypto. Though, I would strongly suggest not going the crypto route. Fiat and stablecoins, maybe, but not crypto, please.