0 sats \ 1 reply \ @mudbloodvonfrei 29 May 2023 \ on: What can we do now? bitcoin
  1. We need to maintain self-custody as an ideal while understanding that it will not be an option for the vast majority of people. If 100M people insist on self-custody
    and the rest use various custodial services, that's okay. Sure, some custodians will misbehave but the barriers to entry will be lower so there will be more custodians, and any damage will be limited. Someone who has a significant amount of wealth in BTC terms will still self-custody. Someone in a developing country probably won't, but having money that can't be debased, even with counterparty risk, will help such a person improve his life and the life of his community to the point where self-custody might make sense eventually.
  2. Focus on the benefits of bitcoin, not the details. Most people don't know what TCP/IP is. Or FedWire for that matter. Secure, immutable, uninflatable. People understand that.
  3. We need easy onboarding options. Social media is a good starting point. SN is a great example but it's geared towards people who are already interested in bitcoin. If it can expand to include people who care about cars, gardening, etc, adoption will take off.
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0 sats \ 0 replies \ @robbabuona OP 29 May 2023
Agree 100% on all three points, I tend to be a super self custody sponsor, but reality is different, we have to onboarda more and more people.
Superagree on third point, media created a distraction with speculation, happy for crypto millionaires for sure, but to be quoted as 1,10,10k,100k or 1M $ is nothing that should interest us now. We have to onboard frictionless and also people with small donations to make them understand what bitcoin is.
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