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431 sats \ 4 replies \ @kilianbuhn 1 Aug 2022 \ on: What do people think is the biggest barrier to bitcoins adoption? bitcoin
Goods and services available (and denominated) in Bitcoin.
There is no lack of people holding Bitcoin. It's a demand bottleneck, not a supply bottleneck.
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0 sats \ 3 replies \ @jacob 1 Aug 2022
There is a lack of people holding, though. Best estimates are around 100M (~1% of world pop.) people holding bitcoin. The amount with any substantial holdings is probably much less.
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0 sats \ 0 replies \ @rijndael 2 Aug 2022
Normal people aren’t going to hold it if they can’t use it
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0 sats \ 1 reply \ @kilianbuhn 2 Aug 2022
Yeah but how many of these 100m (according to you) actually use it as a currency? Barely anybody
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0 sats \ 0 replies \ @jacob 2 Aug 2022
Not according to me.
I agree, barely anybody. So it's not a demand bottleneck, it's a supply. Supply being the number of holders with any significant amount that it's worth it to spend. If you're living on anything less than a personal bitcoin standard, it's probably not worth spending your corn as your a pure accumulator.
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