pull down to refresh
42 sats \ 1 reply \ @krispy_donkey 14h \ on: Question: What are the problems with Lightning Again? And Where's Adoption??? bitcoin
if you are living in a developed economy, you are sort of barking up the wrong tree. people in developed economies only see bitcoin as a speculative investment. this point of view has been reinforced by the media for a long time now, ever since that guy bought those pizzas. the irony, an event that demonstrated bitcoin being used as a medium of exchange turbo charged bitcoin as a store of value and as such a speculative asset. anyway, long story short, the average person in a developed economy knows next to nothing about bitcoin, they have never heard of sats, or Satoshi, and because - up until now - their purchasing power has been eroded relatively slowly, they haven't had either the opportunity or the need to learn about money and how unfair the defacto system is. they do not understand scarcity, value, inflation, how their monetary OS works, nothing at all. According to a podcast I am listening too, the people i have described make up 1/8 people on the planet. so, in this instance, you are so early it is not funny, and you will be waiting for the zoomers to grow up to see lightning used to the degree you are looking for, and I am looking for too.
My understanding is that adoption will be and already is far ahead in developing economies, but even then it seems slower than you'd think given the sheer population numbers. I think once volatility settles down and bitcoin hasn't had a huge draw down for a period of 5 years minimum, adoption will grow more quickly. congrats on everything you've built, it sounds like a PITA! I hope to do something similar in 2025.
Thank you for the comment.
I am not an engineer (formally) but I work with large electrical and industrial systems (have for years) and that's what attracted me to Bitcoin in the first place. The ability to 'store' through game theory and decentralization 'energy in cyberspace' and then send it in 'sats' and micropayments. Fast and in a way that... game-theoretically lasts a long time and over long distances. It's pretty incredible if you ask me.
And I believe that given the chance and opportunity, Bitcoin today eviscerates all other assets because it is so fundamental and useful.
With regards to what you said... that's the funny thing it was easy to setup? The Umbrel/Start9 is plug-and-play and I never had to use command lines. Is it perfect? No, but it just needs to be better and it is in my opinion.
I hope people slowly wake up and start to question... 'why' everything has gotten so expensive (even in the 'west') these last few years. I read the comments in mainstream newspapers, for example the Wall Street Journal, and there is never a mention of Bitcoin or the problems it solves.
It's just this 'speculative' thing that people bet on... without any real explanation of how it works or why it's different from '****coins.' In fact if feels like there are 2 worlds: One where Bitcoin+Lightning exists and one where it doesn't. Eventually those 2 have to meet and Bitcoin will dominate cyberspace I think.
reply