Price.

The fiat price is a reflection of the willingness of people to part ways with their fiat to get Bitcoin.

The higher the price is, the more people want Bitcoin in comparison to fiat.

When people start truly losing their faith in their fiat currencies big time, like Weimar Republic grade disrespect, the price will go through the roof.

Eventually we will reach the final station: the price will be infinite. For no one will sell their Bitcoin for any amount of fiat.

Merchant adoption is key. What is the growth rate for places to spend bitcoin.

🙋‍♂️I have a decent answer!

Check out hodl waves:

This essentially measures how many UTXO's are being used in transactions, and more importantly, how many are NOT.

In other words, this shows over time how many UTXOs are being HODL'd. (source: https://unchained.com/hodlwaves, and see https://unchained.com/blog/hodl-waves-1/ for more detail)

IMHO the amount of data on the btcmap.org might be a good indicator of economic adoption. Another one is the amount of people in your circle that know about BTC and own it. If you see growth, questions are asked, meetups pop up -- you're in the right place.

great question. . .hmm. I think there's a couple different categories you could look at and compare. Off the top of my head, I would think about separating a few companies or projects into tiers based on the type of product or services, and then look at their sales or # of users. Like would there be a useful metric to extract from mempool.space? Or what about Fold? They could give you unique snapshots, but they couldn't tell a story. And I think the story is what you're looking for. But really, I think the story of hyperbitcoinization belongs to history. We don't know it's happening when it's happening, but we look back and see the changes. It makes the adoption of the internet a more useful metric than what I first suggested.

Most people around me have at least heard of bitcoin, and some of them have some sh$tcoins. So the seed is there. It just takes some people a bit longer than others.

Still feels like a long way off though even with the whole US political attention. Small businesses are probably too busy to learn all the intricacies of lightning. Then the masses might need to go through a hodling phase.

Yeah, its a long way out but we're moving in that direction.

I think that the adoption and adaptation of Cryptoeconomics or Bitcoin is going to be inevitable and not only that, we could say that we could measure it in many ways, the number of users who use and make life here in S.N is a good way to measure it... millions that move through wallets... and the most important thing is that they are open source and can be checked and validated, hyperbitcoinization is a reality because we are already in the future!!

Counting Lightning nodes and liquidity since it is a proximity measure for payments adoption. HODL waves may help with figuring out about store-of-value adoption.

When random normies try to orange-pill me

The best way to measure adoption is to consider the number of individuals owning bitcoin in self-custody; corporate bitcoin adoption is a scam.

Sure, I get this mentality but can you share how you shifted your mindset in this way?

Overall, I think measuring Bitcoin adoption is complex. Definitely interest over time is a good metric but also merchant and consumer adoption is key. I think a good indicator of adoption is when you start to hear friends, family, neighbors, co-workers, etc. starting to talk about and use Bitcoin.

When marchants will start giving everything easily through SATs.

Darn hyperbitcoinisation feels same as the year of the linux desktop...

By neighbours, if they stil don't ask u bout it...there isn't adoption ;)

Google search is a good proxy for interest.

Merchant adoption? Or merchants interested in accepting bitcoin?

Of course all it takes is one bear market and adoption fades temporarily

i think another is Tracking the number of unique active Bitcoin wallets can help gauge how many individuals or entities are using Bitcoin. This metric is useful but can be affected by wallet usage patterns.

Quantity of non-zero addresses: https://bitcoinisdata.com/qtd_addr/

I think price is one indicator, but I think lightning network capacity is another significant thing to look at. Seeing the channels & nodes increasing is a significant metric from my view, and from what I have been it has been slightly decreasing week over week.

Price is always king and supports user adoption, hash rate, etc if you looks at charts over time

The best way is no other than to look around you. If it's getting easier to use Bitcoin in your locality is a sign of more adoption. No chart can tell you the real info. I've also tried to find out ways for looking into it but for now avail.

Totally agree with it.