200 sats \ 2 replies \ @notgeld 10 Jun \ on: Abandoned Adoption : Bitcoin Backslides and Hard Truths - #307 bitcoin
While stories are genuinely interesting, the whole post misses the point. As mentioned in other comments, the process is cyclical and, I'd say, varies very much from country to country. It depends on the recognition of Bitcoin from a regulatory standpoint, of course, and the general "rule of law" and grassroots activities. It's a very complex topic, but during these recent years, I may definitely say that adoption has grown. Basically, we have to talk here about societal processes.
Was it significant? No. As a maintainer of LN wallet, I may say we get nothing, really, and have no budgets whatsoever. If we didn't fork for the hackathon in El Salvador, we couldn't maintain it. And this wallet has superior UX. Better than the plastic cards you are talking about. People tend to trash LN for bad UX, but they normally do not look beyond channel opens. If the wallet is not Blixt, the UX is much, much better in Lightning.
All magic in "crypto" happens in very stupid things. Yeah, Saifdean's concept of "Bitcoin=gun powder" is nice. However, millions are tapping on hamsters while BlackRock goes along Galaxy digital playbook. We just need to unite with other sane people. Saylor's effort clearly shows there is not enough of them, and it ended up with crazy self-repetitive mantras.
I run my own lightning node, spend my own sats, buy more when I can, and manage a channel. It is NOT hard.
And yet when I mention Bitcoin the vast majority of people just look at me weird, laugh, roll their eyes, or just seem confused.
I ask my uber drivers for example or coworkers if they have a lightning wallet and they don't know what that is.
Visited 2 businesses in person recently in a large North American city that took Bitcoin 2 years ago... and they said last year they stopped taking it. They said it's been over a year since anyone wanted to buy anything with it, and this is one of the largest US cities in a busy shopping area. I don't get it.
reply
There is some correlation between active Lightning users and people who want to spend Bitcoins. Sometimes sending sats is very emotional even if you overpaid for shopping.
So far, I've seen everything you've described, but only in Europe. Recently, the landlord rejected me because my startup has something to do with Bitcoins.
reply