897 sats \ 3 replies \ @Majjin 16 Apr 2023 \ on: I'm losing my faith bitcoin
I know exactly how you're feeling.
About a year ago, the fusion of Bitcoin maximalism and anarchism was my religion. A secular religion but a religion nonetheless. I had regarded myself an atheist but Liberty and Bitcoin were my gods. I legitimately thought Bitcoin was going to save the world and usher us into an anarcho-capitalist decentralized world. This became extremely apparent after I became a Christian.
I believe that many people in this space are the exact same way. Bitcoin is inevitable! Bitcoin has already won! Bitcoin will bring in a golden age of humanity! They don't realize that they are in a secular religion. Some of us then look around at the reality of the situation. Bitcoin adoption is not surging like people have been predicting over and over again. Businesses adopt Bitcoin during bull markets and drop it in bear markets. People are using the base chain of our monetary system as a database/marketplace of useless jpegs. The sober, realistic pieces are saying that it will take three or more generations before we have a user base that rivals fiat currencies (I agree).
This is going to cause cognitive dissonance and loss of faith.
I am a "Bitcoin maxi" only because I think Bitcoin's the best tool for the job of hard money in a digital world. And Bitcoin is only that: a tool. It won't save the world. It won't usher in an anarchic/libertarian world. And it is definitely not inevitable.
I think the fanboys expectations are so ridiculous that it undermines the actual accomplishments.
At the end of the day, we have to remember that Bitcoin is a FOSS project with a gigantic scope. For a FOSS project of this scope it's doing alright.
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Based.
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Some of us then look around at the reality of the situation. Bitcoin adoption is not surging like people have been predicting over and over again. Businesses adopt Bitcoin during bull markets and drop it in bear markets. People are using the base chain of our monetary system as a database/marketplace of useless jpegs. The sober, realistic pieces are saying that it will take three or more generations before we have a user base that rivals fiat currencies
Yeah, totally agree, man. It's not good, but it is what it is...
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