reply on: Bitcoin in Europe: can accelerated debasement of money force adoption \ stacker news ~econ

50 sats \ 2 replies \ @everysatscount 30 Aug \ on: Bitcoin in Europe: can accelerated debasement of money force adoption econ

For Bitcoin adoption to increase due to fiat debasement, there needs to be sufficient infrastructure in place (exchanges, wallets, merchants accepting Bitcoin) and public awareness. In some cases, like in countries with high inflation (e.g., Venezuela, Argentina), Bitcoin and other cryptocurrencies have seen increased use, but widespread adoption requires more than just a loss of trust in fiat money.

68 sats \ 0 replies \ @xz 30 Aug

I think it's a fair point.

I saw someone post that adoption had hit the point internet adoption had hit. #599328

This was not the exact chart I saw, but I think there are parallels, similar trajectory. Onboarding is all being done without marketing, but I agree.

48 sats \ 0 replies \ @SpaceHodler 30 Aug

It's not like there are not enough exchanges. And what do you mean by wallets? Hardware signers? Clients like Sparrow and Electrum? No shortage here either.

Merchant adoption is not that relevant for SoV, which is what needs to adopted first.

I think the main obstacle to adoption is the NPC, government-trusting, cucked populace. They need to get fcked over a bit harder for a bit longer. Maybe Argentina-style inflation would do it, but that would have to be mirrored in the USD too, because a less shippy government shipcoin is too much of a temptation for NPCs.