These days it's getting increasingly harder to find people who actually believe the goal of Bitcoin is to end fiat. Even in this trailer, only nostr:npub1t289s8ck5qfwynf2vsq49t2kypvvkpj7rhegayrur0ag9s...
I think the problem is dual sided, more speculators are joining Bitcoin/crypto, and all the original Bitcoin users are going to other chains like BCH, Litecoin, Ethereum, Z-cash, and Monero.
I mean Vitalik was in Bitcoin for a long time before making eth.
The problem is core isn’t innovating because the financial incentives to fix L1 aren’t there.
In order for Bitcoin to be cash it has to sacrifice its “asset” elements like a supply cap.
Why would I spend a currency that’s rare, it’s like using a limited edition Jordan’s shoes to buy a burger.
The shoes have more value, or at least that’s how others see it.
I personally see it as because of the lack of circulation it makes it worthless.
Bitcoin’s use case as an MoE should outweigh its SoV properties.
But the HODL (Fiat Speculator) crowd sees it differently.
I mean Vitalik was in Bitcoin for a long time before making eth.
The problem is core isn’t innovating because the financial incentives to fix L1 aren’t there.
In order for Bitcoin to be cash it has to sacrifice its “asset” elements like a supply cap.
Why would I spend a currency that’s rare, it’s like using a limited edition Jordan’s shoes to buy a burger.
The shoes have more value, or at least that’s how others see it.
I personally see it as because of the lack of circulation it makes it worthless.
Bitcoin’s use case as an MoE should outweigh its SoV properties.
But the HODL (Fiat Speculator) crowd sees it differently.
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