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101 sats \ 4 replies \ @BlokchainB 7 May \ on: Orange Pilling Has Stopped Working bitcoin
I agree but bitcoin has so much friction
- The tax issue
- Volatility
- Ease of use
I think these three things keep most people out and away from bitcoin.
For instance I had a person download breeze so I can send them sats for different things then one day I go to make an LN payment and it constantly fails then I look like the fool.
Things have to get so easy that people don’t have to think and sats travel easily and don’t go down in value.
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And so store-of-value remains the primary use case for westerners with access to banking services. We are a long way from medium-of-exchange because of these issues, but mainly because of lack of need. What is needed right now is a way to store value that can't be debased.
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As it becomes adopted as of a SoV, its market cap will grow, making it easier to send larger monetary value, and making it more liquid and less volatile, which will help the MoE and UoA use cases.
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Yeah if bitcoin didn’t have these huge pullbacks in dollar units then it would have been adopted by the masses
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