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21 sats \ 6 replies \ @DarthCoin 13 Oct \ on: Bitcoin: a global reserve asset bitcoin
No is not. By far is not adopted.
Just because some bullshit companies announced they will start a "bitcoin reserve" that by itself it doesn't mean "adoption".
Adoption means: every fucking day you see more merchants accepting it and people using it as money and not as asset.
Asset is not money. Bitcoin is money.
When you call Bitcoin as asset you are a scammer
I'm not a fan of that term for Bitcoin either, but I don't think you're right about the word 'adoption. Adoption is a general word that doesn't necessarily mean what you're saying. There are different stages to it. We're at one stage right now, and we'll hit others later. The kind of adoption you're talking about—everyone using it in their daily life—that's the final stage.
Rome wasn't built in a day, you know!
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Simple question: if you are a company that keep bitcoin (even if is in self-custody not like Saylors's IOUs) in a "reserve", what are you going to use? Fiat? Stablecrap tokens?
You are back to feeding the fiat beast. That is not adoption.
Listen this excellent episode: #1255134
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I see your point, but come on, there's some adoption going down. If you got no Bitcoin, you're just slow on the uptake, riding that 100% fiat train.
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Adoption means use. There's no use when you consider it an asset.
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If someone's just using Bitcoin as a store of value, are they not adopting it?
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Yes. They only think of price in fiat not in the real utility of bitcoin: fuck the govs and banks.
For more you use bitcoin, stronger will became and fiat will be weaker.
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