10 sats \ 1 reply \ @brxyz 16 May 2023 \ parent \ on: What if we're wrong? bitcoin
In the near term, I think it's next to (but not completely) a lost cause to try to orange pill the western economies. Most people we know don't see any benefit to Bitcoin because they benefit from the relative comfort their country's economic hegemony provides. To them, all the rhetoric around flawed financial systems is just more "sky is falling" noise.
Bitcoin's value proposition doesn't speak to them (yet). It does however resonate with billions of people who suffer under those hegemonies (primarily in the Global South). They're not entrenched in financial institutions and their country's money is either unreliable or inaccessible.
That's where the next billion users needs to come from. I know that's not lost on many here, and there are groups working on this, but if the Bitcoin community at large could really rally behind that effort, it could potentially save Bitcoin from any future irrelevancy.
Hmmm true, but most BTC is already held by westerners, because of their headstart in understanding of IT. But that doesnt dispute the fact some fiats are collapsing faster than the other and some people need Bitcoin much more than westerners.
Sadly not everyone will be able to be a keyholder. Given food or onchain fees you always choose food. Therefore its important the custodians to be as small as possible and as many as possible. Local communities.
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