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334 sats \ 8 replies \ @bitdern OP 20 Sep 2023 \ parent \ on: Have You Ever Wondered How BlackRock Rose To Power? 🧐 meta
oh wow that's a fascinating perspective on the pleb DCA bull-case. I am curious what you think the catalyst (could) be for folks to start coming to the realization that passive accumulation is the sane move? Also if you had any timeframes in mind (much harder, but interesting nonetheless!)
I think the catalyst is belief and familiarity, which I harp on a lot. The ancaps are already all-in on btc. Many of the goldbugs are there. A lot of fringe sub-cultures. This is fine, this is the normal way disruption unfolds, at the corporate level, at the cultural level. But now it's time for the other 95% of the world to get on board, and that requires good arguments that don't stink of some lunacy, whose public face is not dipshits who think women should be sent to breeding camps to fix the demography problem.
It's therefore super valuable to translate the virtues of btc into terms, and a vibe, that normal people understand. There is no hyperbitcoinized future where the human race is transformed into self-sovereign warrior kings eating raw deer hearts and fighting off mutants to keep their Coldcard safe. That is not going to happen, ever. The future will be full of people much like those in the present and the past, who just want to live their lives and think about this shit as much as you think about how your furnace works or how the electricity comes to your house.
Anyway. That's the catalyst, imo -- normal things that slowly turn the giant ship of the world. Not a complete re-architecting of how the global public lives and thinks. And the timescale for that will be decades. What remains to be seen is how many decades, and what happens on the way, e.g., does btc go back to the dark ages for two generations first? I sure hope not, but we'll see.
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100% agree with you - especially about how most people won't really spend the time to dig into the nuances of how Bitcoin and/or Lightning work. Love the furnace analogy; reminds me of Sergei from Bitrefill's point about how (most of us) use cars, but we don't all go to car meetups/conventions. Point being, we are a fervent minority lol.
IMO a reasonable catalyst is the proliferation of obviously useful products and services -- obvious to normies, which is the important distinction.
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Yes. I was thinking about posting that later this week -- what are actually useful services where it is the service itself, and not its btc-centrality, that you like? This is why SN is so important. It's like, really, honestly, useful, and it's getting more useful, and the road to its ultimate utility is only possible bc of what btc allows. What other things are like that? Anything?
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Gaming, podcasts, anonymous charitable donations, remittance payment rails, insurance, and peer 2 peer ads come to mind.
I'm sure I'm missing some categories.
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There is no hyperbitcoinized future where the human race is transformed into self-sovereign warrior kings eating raw deer hearts and fighting off mutants to keep their Coldcard safe.
tbf I'd tear through that fiction novel
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Added you to the list.
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