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392 sats \ 7 replies \ @nerd2ninja 10 Jun 2024 \ on: Abandoned Adoption : Bitcoin Backslides and Hard Truths - #307 bitcoin
Isn't it obvious what went wrong?
Economics at this scale is all about those personal connections. That "regular customer" experience.
They went back to a merchant they had not seen in a while so the connection has been lost.
Every person I have seen try to "spread adoption" via merchant adoption, has resulted in the merchant abandoning the thing or they were using a 3rd party to accept it anyway.
Every person I have seen try to "spread adoption" via institutional adoption has also failed. They all use ETFs or other types of custodians.
The way I see things, Bitcoin adoption begins with a regular Bitcoin meetup. This meetup serves as a networking spot. People can talk about what businesses or trades they have and over time when there is a need to make use of it, they may barter trades (favor for favor) or they may use Bitcoin. Its part of the Bitcoin network either way.
Relationships
Most Bitcoiners miss that to have human action to trade a good or service between one another requires the regular maintenance of relationships.
This is the approach we've been taking at our local community for the last 2 years.
While adoption is very slow, it hasn't backslided because the merchants we've met are bitcoiner business owners, not normie business owners looking for a marketing gimmick.
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Hit on the nail.
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Slow is smooth, smooth is fast.
@Undisciplined, this quote has been in my head since you posted it a few days ago, it's applicable just about everywhere lol!
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It's been stuck in my head since season 1 of Modern Family.
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I’ve been to the set in Culver City. Sony Pictures.
2012
well said !
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