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21 sats \ 0 replies \ @AyCaramba 21 Jul 2023
Golden age will be when lightning payments become widespread, which is what will happen in 3-4 years.
Other aspects that are important and that can shine even more as well:
- Security of on chain payments and storage as a global reserve asset/currency.
- Valuation.
However, what will bring it to the masses is the speed and simplicity of lightning as a global payment network. Grandma does not really care about security or price increase (if she is not investing, which is and still will be, the case for most people in the world).
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11 sats \ 0 replies \ @nullcount 21 Jul 2023
2011-2013 Silk Road Era - dark web markets that accept BTC today are foolish and putting their users at risk.
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16 sats \ 3 replies \ @orthwyrm 21 Jul 2023
I think the days of seeing obscene gains are long gone, but I also think it's never felt more comfy than it does now.
Most FUD has been dispelled, it's easier than ever to self-custody, the competition successfully castrated itself (ETH's move to PoS), and 99.9% of people still don't get it (I estimate "true" Bitcoiners to be around 10M).
Let the golden times roll on.
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30 sats \ 1 reply \ @elvismercury 21 Jul 2023
I actually agree w/ your take re: obscene gains, but I'm wondering why, if you think 99.9% of people still don't get it, you think the days of obscene gains are over?
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21 sats \ 0 replies \ @orthwyrm 21 Jul 2023
Yeah, I didn't phrase that well. What I should have said is that I'd be surprised to see Balaji-style explosive growth.
If Bitcoin becomes the dominant global currency then we're probably talking +$1M / coin in today's purchasing power. But I think that sort of market saturation will take decades, and that the days of getting a x10 or x20 return in a single year are gone IMO.
Or not. Maybe we get $500k Bitcoin next cycle lol. I try and tailor my expectations, as I'm in it for the long haul either way.
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0 sats \ 0 replies \ @sudonaka 22 Jul 2023
What do you mean gains? I gain less Bitcoin per US dollar now
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27 sats \ 1 reply \ @nerd2ninja 21 Jul 2023
Bitcoin beach in El Salvador and every Bitcoin circular economy throughout the world is a Bitcoin golden age unto itself. Maybe a generation of kids who grew up with Bitcoin as money will create another golden age unto itself.
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50 sats \ 0 replies \ @premitive1 22 Jul 2023
I hope so, but we've got to go over there and make sure they have the education and the connections to make that happen. as it is the Salvadorans still live in a developing nation.
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31 sats \ 0 replies \ @orthzar 21 Jul 2023
A golden age for Bitcoin definitely hasn't happened yet and isn't happening now, since Bitcoin is at best a minor currency. So, if it ever has a golden age, it would be in the future. When that happens would be some time after the upcoming global depression. If Bitcoin can survive that and manage to achieve mainstream adoption, then a golden age for Bitcoin would begin.
What we can't predict:
- If Bitcoin will survive the depression (IMO, "survive" means "mining hash rate stays well above the level at which a 51% attack is feasible")
- How long it would take to go from the beginning of the global depression to mainstream adoption
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11 sats \ 0 replies \ @sudonaka 22 Jul 2023
Similar to El Salvador today, it’s not really what Bitcoin will do- it’s what bitcoiners will do. A new renaissance
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21 sats \ 0 replies \ @Undisciplined 22 Jul
This post was featured on This Day in Stacker News.
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1 sat \ 0 replies \ @f6287b82CC84bcbd 22 Jul 2023
when 1 sat has the purchasing power of $1 and we will look back at all the money we threw away on tips on nostr / stackernews.
Just like looking back over the amount of bitcoins we spent on silk road to get high
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1 sat \ 0 replies \ @phygit 22 Jul 2023
The golden age of Bitcoin will happen when/if at least1B people use Bitcoin on a daily basis, as they are using their local currency today (salary, taxes, expenses...).
Any other criterion (especially BTC price, ETF and stuff) is meaningless.
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1 sat \ 0 replies \ @OriginalSize 22 Jul 2023
Define golden age. I think this is only seen in hindsight, is geopolitically dependent and will be in the eye of the beholder. More conventionally you have to consider other golden ages. Guess it'd have to be a time of universal acceptance and one in which it attains a similar position to what the internet has now for the distribution of information. For that I suspect it'll be a couple decades.
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0 sats \ 0 replies \ @premitive1 22 Jul 2023
opinions don't matter. You only live once. Will you live in a golden age?
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0 sats \ 0 replies \ @hashemipoorya 22 Jul 2023
ok
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0 sats \ 0 replies \ @hashemipoorya 22 Jul 2023
ok
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0 sats \ 0 replies \ @ez 22 Jul 2023
The golden age of bitcoin will somewhere around 2121.
It will be called the Bitcoin age.
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0 sats \ 0 replies \ @DiracDelta 21 Jul 2023
In 200 years, after the idiots have finished losing their bitcoin through capital misallocation.
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0 sats \ 0 replies \ @Professor_Peanut 23 Jul 2023 freebie
The Golden Age of Bitcoin was during the final months of 2010 starting with the famous Laszlos Pizza, until ~mid 2011 with the peak of the first bubble going from ~$0.10 to 30usd. During which Satoshi disappeared.
The end of the Golden area really started when the "Generate Bitcoin" option was removed from the WXwidgets client, the end of Bruce Wagner's "Bitcoin Show", and finally: the Bitcoinica hacks!
The final sundown happened around 2014 with the emergence of Ethereum and the tsunami of shitcoins, many of wich are still around (dogecoin, etc)
The bitcoin software itself started to become crap in two phases:
- When low-iq "developers" started to shit their python garbage into what was supposed to be a c++ program
- The appearence of autotools in should otherwise be a simple-to-build app
0 sats \ 0 replies \ @kunalthakrar94 22 Jul 2023 freebie
Hello
101 sats \ 0 replies \ @deleted231216 21 Jul 2023
deleted by author
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