đĽBitcoin Is NOT Ready for Mass Adoption
Yeah, I said it. While everyone is busy shouting âto the moonâ and glorifying decentralization, hereâs the uncomfortable truth: Bitcoin is far from ready to replace fiat.
Why?
⢠đ˘ Transaction times: Letâs face it, waiting 10+ minutes for a transaction in 2024 is a joke. Are we seriously going to convince the world to ditch their credit cards for this?
⢠đ¸ Fees: Remember when Bitcoin was âpeer-to-peer cashâ? Now the fees are creeping up, and weâre pretending like thatâs normal. Tell me how this helps the unbanked?
⢠đŚ Centralized Mining: Donât kid yourself. Mining is increasingly controlled by a few powerful entities. Is this decentralization or just a shiny new oligarchy?
⢠đ The Lightning Network fantasy: LN isnât the magic fix everyone pretends it is. The reality? Itâs complicated, custodial, and STILL centralized. Great for small payments, but mass adoption? Keep dreaming.
⢠đ Regulation & Compliance: Bitcoin was supposed to be censorship-resistant. But how are we celebrating ETFs and institutional adoption, knowing it brings more KYC and state control?
Bitcoin maximalists wonât tell you this. Theyâre too busy sipping the hopium. đ¤ˇââď¸
Wake up. Until Bitcoin fixes these issues, itâs not the revolution you think it is. Is BTC really the future, or are we just clinging to nostalgia?
Change my mind. đ
#Bitcoin #Decentralization #RealityCheck #Crypto
Yeah, I said it. While everyone is busy shouting âto the moonâ and glorifying decentralization, hereâs the uncomfortable truth: Bitcoin is far from ready to replace fiat.
Why?
⢠đ˘ Transaction times: Letâs face it, waiting 10+ minutes for a transaction in 2024 is a joke. Are we seriously going to convince the world to ditch their credit cards for this?
⢠đ¸ Fees: Remember when Bitcoin was âpeer-to-peer cashâ? Now the fees are creeping up, and weâre pretending like thatâs normal. Tell me how this helps the unbanked?
⢠đŚ Centralized Mining: Donât kid yourself. Mining is increasingly controlled by a few powerful entities. Is this decentralization or just a shiny new oligarchy?
⢠đ The Lightning Network fantasy: LN isnât the magic fix everyone pretends it is. The reality? Itâs complicated, custodial, and STILL centralized. Great for small payments, but mass adoption? Keep dreaming.
⢠đ Regulation & Compliance: Bitcoin was supposed to be censorship-resistant. But how are we celebrating ETFs and institutional adoption, knowing it brings more KYC and state control?
Bitcoin maximalists wonât tell you this. Theyâre too busy sipping the hopium. đ¤ˇââď¸
Wake up. Until Bitcoin fixes these issues, itâs not the revolution you think it is. Is BTC really the future, or are we just clinging to nostalgia?
Change my mind. đ
#Bitcoin #Decentralization #RealityCheck #Crypto