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739 sats \ 1 reply \ @phygit 26 Mar 2023 \ on: What's needed for Bitcoin to be ready? bitcoin
The Bitcoin ecosystem is totally ready. Plenty of nodes, miners, wallets, payment processors and services of all sorts.
What we need is simple: (much) more users and less traders.
Way too many people seem to be "Bitcoin advocates" when they are in fact seeing Bitcoin as a "get rich fast" scheme. The (ugly) truth about Bitcoin today is that too many current Bitcoin owners don't give a dam about Bitcoin. They are just day-traders of a volatile (and possibly juicy) asset. If Bitcoin was a kind of hyped toothbrush, it would be the same for them.
Bitcoin will succeed only if hundreds of millions of "normal" people use it on a daily basis, as they do with fiat currencies.
It's not a question of technology, tools, or "community", it's all about adoption. Nothing else matters. Not even regulation, because once we reach a critical mass (say, 1B users), no country in the world can take the political risk to ban/limit Bitcoin anymore.
Good point about hard to ban once critical mass reached.
So what are some tips on what can regular person in US do to help drive adoption? Besides orange pilling all friends? Any good tutorials on how to convincing local business to accept bitcoin?
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