Yes it is.

I'm not here to build and support a "parallel monetary network" to go alongside fiat. I'm here to put an end to fiat.

But I appear to be alone. Bitcoiners today think a parallel system is the way to go, because it allows them to conveniently continue using fiat, guilt-free. They don't have to change anything in their lives, or be controversial in public, with their chosen path.

Bitcoin's incentives, on their own, can only get us about as far as gold. Store of value... hardly worth having over stocks or real estate. Not a fiat killer, just another investment option for the wealthy to allocate 3% of their fiat into.

We're gonna need to see Bitcoiners get angry at fiat. Otherwise, I fear we've reached peak MoE adoption.... peak Lightning adoption. It's all on the downtrend now. Even self-custody appears to be on the downtrend.

Healthy NGU will come from more people spending (while boycotting fiat), not from more rich institutions hodling.