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0 sats \ 0 replies \ @frostdragon 22 Apr 2023 \ on: The Bitcoin adoption dilemma. bitcoin
I kinda disagree. Couple of thoughts:
First,
Stackers and hodlers should cause this to happen naturally, right?
What’s the main reason people don’t take bitcoin seriously? Volatility, right?
As more and more people save more and more bitcoin, the price should go up AND stabilize.
And those are the two things that will get more and more people’s attention. From there, bitcoin is a brain worm. People start looking into, start seeing it’s serious, and start listing it as a payment option.
Second,
The idea that spending bitcoin is the way to get it to take over sounds a bit Keynesian.
Bitcoin is primarily a way to store value. That’s what today’s world is missing. There is literally NO WAY to TRULY SAVE MONEY. You’re either watching it melt away to inflation, or you’re investing it, which inherently involves risk.
Bitcoin is the answer to this. Bitcoin is how we get out of the “spend to save the economy” BS cycle. You do this by hodling.
“Bitcoin fixes X” via hodling.
PS - don’t get me wrong, spending is important to, but saving is the thing that makes bitcoin win.