Compare with in the 1950s people would not have been able to imagine that everyone would have a room-sized computer "in their pocket".
I have come to peace with the idea that Bitcoin is probably not for everyone. However "It can't scale to the whole world" is an incorrect all-or-nothing argument that skips everything in-between and is short-sighted.
Ideology alone was never going to make everyone use Bitcoin. The more realistic way to approach this is: When the conditions necessitate Bitcoin, people will use Bitcoin.
In an age of KYC and strict controls, how do you move your money around the world without permission? Bitcoin.
Where do you put your money when the market is YOLOing into stonks, real estate, etc and you want a safe haven? Bitcoin.
How do you get the attributes of gold without having to manage physical custody of metal? Bitcoin.
Price always figures into the conversation, but if you had a choice between 100% of your funds being frozen in your bank, or having non-KYC Bitcoin, what kind of discount would you be willing to take to get the money out? Start thinking about that and the price drops and volatility stop seeming so important. Even if you only get ~10% of your $$$ value out and across the border that is still better than nothing.
As these use cases become more valuable and useful to people the technology will be improved for questions of scaling. But building a network to scale for billions of people right now is not the phase we are in.
Compare with in the 1950s people would not have been able to imagine that everyone would have a room-sized computer "in their pocket".
I have come to peace with the idea that Bitcoin is probably not for everyone. However "It can't scale to the whole world" is an incorrect all-or-nothing argument that skips everything in-between and is short-sighted.
Ideology alone was never going to make everyone use Bitcoin. The more realistic way to approach this is: When the conditions necessitate Bitcoin, people will use Bitcoin.
Price always figures into the conversation, but if you had a choice between 100% of your funds being frozen in your bank, or having non-KYC Bitcoin, what kind of discount would you be willing to take to get the money out? Start thinking about that and the price drops and volatility stop seeming so important. Even if you only get ~10% of your $$$ value out and across the border that is still better than nothing.
As these use cases become more valuable and useful to people the technology will be improved for questions of scaling. But building a network to scale for billions of people right now is not the phase we are in.