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41 sats \ 21 replies \ @028559d218 20 Dec \ parent \ on: Barber Shop Bitcoin Babble bitcoin
People don't see it that way.
Especially if they use ETFs.
They trade out to... dollars and paper money.
Trading for goods and services requires sending and receiving to addresses, or at least the remedial use of lightning.
Which ETF users don't actually know exist.
On top of that, most government policy disincentivizes spending directly on goods and services... because that would remove the need for fiat to begin with.
Today total Bitcoin adoption is something like... 1%? maybe much, much less? Are we 'early'?
Yes, we are early adopters, not innovators. Folks like @DarthCoin are the innovators that got in near the true bottom.
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Bitcoin in total is a... 130 year experiment. from 2009 to ~ 2140. About 130 years.
Next year will be about 16 years.
So that's about 12% through (counting next year). We're in total 12% into the Bitcoin experiment at 16 years (next year).
I think that provides important context.
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Why do you say a 130 year experiment?
Are you saying that FRN were an experiment rather than a control collar for the slaves?
What about the long running money called gold?
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Btc isn't gold. Btc is better... that's the whole point.
yes 130 years. from the first block to the last btc being mined is ~ 130 years
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Why do you think it will take 130 years to mine the last bitcoin?
The mining equipment is speeding up and power is coming online.
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you can't be serious
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As a heart attack!
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That's when the final "halving" occurs. The reward goes to zero for successfully mining blocks after that.