81 sats \ 1 reply \ @nerd2ninja 24 Jan \ on: Why I'm Bullish 6: The ETFs are Capitulation bitcoin
Uber wasn't able to succeed in the face of regulatory moats because the masses suddenly understood how the cab companies use their positions to block out competition. They succeeded because they provide a better product and people want a better product. We will never create the kind of change needed by intellectual arguments alone. Yes, we should use the intellectual approach but building something that is better is always gonna be the way to win.
Reminds me of this meme posted on this week's meme Monday
At the same time I gotta dispute it lol. You see, because a central database can be better for payments and use Dollars, the money everyone loves.
You can fork Bitcoin's code and print up tokens based on dollar redemptions through some shady shadow banking with huge counter-party risk.
In the mind of the uninformed (which is probably a better descriptor than normie), "better" is a relative term of what's working right now. Risks are an afterthought to cry about. A tragedy surely no one could have prepared for and the people who do prepare for these things are to be shunned for being weirdos.
Bitcoin succeeds on the basis of long time preference. On the basis of people who do think for themselves figuring it out, being more successful than people who don't, and passing down their wisdom from generation to generation.
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0 sats \ 0 replies \ @kepford OP 24 Jan
I think we agree. The most obvious path to mass bitcoin adoption is as a life boat with things fall apart.
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