> "spending the weak money first" is a losing narrative

I disagree. Its not a narrative. Its just an observation really from econ history. 

>  Store of Value narratives

Its both. But people are not gonna spend bitcoin when it is still going up massively vs other money so store of value is a problem people are aware of. 

I get annoyed by these booleans. It really has to be both and regardless of narrative incentives work.

Yup.  This is why "spending the weak money first" is a losing narrative.  

Store of Value narratives will only get us so far.  They won't save the world from fiat, and they won't bring Bitcoin to the heights Jeff Booth and Saylor talk about.  

The only way to get to the next stage of adoption is to move on from the SoV, NGU phase and into the phase where we aggressively attack the fiat system.

fiatbad

Most people don't understand how any payment rails work.

Do you think understanding the inner workings of Visa should be a prerequisite to using a Visa card?

We need to stop focusing on winning people over through narratives about Bitcoin and Lightning and start SHOWING the world that "it works" by USING it.  Unfortunately, even so-called "Bitcoin companies" are still using fiat primarily.  They aren't "opting out", they're pretending to.

This is what I've been saying for years now. Not only do people not know how payment rails work. They DON'T KNOW HOW MONEY WORKS. Let alone the FED, fiat, and gold. At this point... I think most people that DO understand these things have had their chance to learn about bitcoin and either have no interest or disagree on some sort of ideological level.

I'm an engineer and I talk about bitcoin to anyone that will listen. Almost every time I get push back on anything about bitcoin the person very quickly admits they don't understand it and that they have never heard what I'm saying.

None of this is bitcoin's failure. Bitcoin is fine. But, those of us that care about it need to use it, need to understand, and need to keep the tools going. Marketing and teaching aren't really gonna work IMO. When people need it... they will learn. They will have to learn or starve. That sounds dark because it is. People are lazy and dumb. They will willfully ignore life saving information if they don't see that they actually need it.

Most people do not understand the problems that bitcoin solves and they will not until they are hit in the face.

bitcoin

lightning

The Hijacking of Bitcoin - Brownstone Institute

south_korea_ln

> Most people don't understand how any payment rails work.
> 
> Do you think understanding the inner workings of Visa should be a prerequisite to using a Visa card?
> 
> We need to stop focusing on winning people over through narratives about Bitcoin and Lightning and start SHOWING the world that "it works" by USING it.  Unfortunately, even so-called "Bitcoin companies" are still using fiat primarily.  They aren't "opting out", they're pretending to.

This is what I've been saying for years now. Not only do people not know how payment rails work. They DON'T KNOW HOW MONEY WORKS. Let alone the FED, fiat, and gold. At this point... I think most people that DO understand these things have had their chance to learn about bitcoin and either have no interest or disagree on some sort of ideological level.

I'm an engineer and I talk about bitcoin to anyone that will listen. Almost every time I get push back on anything about bitcoin the person very quickly admits they don't understand it and that they have never heard what I'm saying.

So yeah. 

* People need to see it in action.
* People need to have some pain that bitcoin can heal.
* People are not ready

None of this is bitcoin's failure. Bitcoin is fine. But, those of us that care about it need to use it, need to understand, and need to keep the tools going. Marketing and teaching aren't really gonna work IMO. When people need it... they will learn. They will have to learn or starve. That sounds dark because it is. People are lazy and dumb. They will willfully ignore life saving information if they don't see that they actually need it.

Most people do not understand the problems that bitcoin solves and they will not until they are hit in the face.