205 sats \ 0 replies \ @tomlaies 25 Jul 2023 \ parent \ on: What is the WORST case scenario for Bitcoin? bitcoin
I mean, the "irrelevance" scenario sounds quite depressing. But for me it's not quite the right word. Because the need for a hard decentralized currency isn't irrelevant. The right word for me is "ignorance". What if Bitcoin is relevant but people ignore it.
Let me tell you about the Ancient Greece Steam Engine (wikipedia):
https://imgprxy.stacker.news/8MO91NBCL6YD19K73gxWZRzt-RVMPRDqehJkZ8Icv8Q/rs:fit:600:500:0/g:no/aHR0cHM6Ly91cGxvYWQud2lraW1lZGlhLm9yZy93aWtpcGVkaWEvY29tbW9ucy9iL2I4L0Flb2xpcGlsZV9pbGx1c3RyYXRpb24ucG5n
Of course the steam enginewould have had "relevance" to ancient Greeks. But they didn't go through the first industrial revolution. It just didn't catch on.