pull down to refresh
181 sats \ 17 replies \ @phygit 31 Oct 2023 \ on: Bitcoin: A Misunderstood Revolution bitcoin
"Yet, even after 15 years, most people don't get the significance of this new thing that was created. "
Maybe it's time to ask ourselves why.
Financial privilege. The people you and OP interact with probably have no real need for bitcoin as the existing financial system works well enough for them.
reply
I interact with many people that are the complete opposite of privileged, I guess you could say they're financially oppressed, and most don't want to know anything about it.
There are many reasons, it's not that simple.
reply
What DO they use to escape the financial oppression?
reply
Booze
Loud music
Women...
The worst shackles are the ones you do not know you have
reply
yes, the bitcoin brand is strong.
but most still think its a scam.
bitcoin is hard to understand (most of the content is in english).
when bitcoin education grows and bitcoin tools get easy, adoption will grow.
reply
on the flip side, so many people in the working class are squeezed by their jobs to the point that there isn't time and/or mental fortitude to explore ideas that run opposite to how they were raised. it's a radical shift to make, and i think apathy takes over before curiosity can take hold.
reply
this. workers suffering from raging inflation also can't afford to grow any savings, weather in bitcoin or whatever currency
reply
15 years in, there are an estimated 219mm Bitcoin users worldwide.
15 years after ARPANET adopted TCP/IP (1983), it was 1998, and there were 147mm internet users worldwide.
We are roughly in 1998 today.
reply
Who are these 219 million users?
And why are they not all on Stacker News?!
reply
they're not on bitcoin twitter lol
reply
An attempt at part of the answer:
I think most "privileged" people trust the system and know how to work it and there's little incentive to question it.
People who are not privileged may still trust the system as they're unaware of how the system is screwing them and they may be benefiting in small ways, e.g. welfare.
reply
One of the chief reasons is likely price volatility - it always appears to be in a bubble, or dead?
reply
Schrödinger's Bitcoin
reply
That is fiat mentality.
You NGMI
reply
Do you know what, Darth? I think I'll be just fine 😂
reply
Friction of use. Because everyone is on the rat wheel they have little time to adopt new tech. So reducing friction is key. The existing monetary system has a huge jump start on reducing the friction to suck you in and enslave you. You can get a line of credit in minutes.
reply
its probably because its so novel and so different from anything that has existed before that makes it hard for people to wrap their heads around it. but that will begin to change
reply