Parman wrote here in 2023 a powerful tweet about
The 8 important rules of Bitcoin adoptionThe 8 important rules of Bitcoin adoption
Rule #1
The only time someone stops being a Bitcoiner is when they die.
Rule #2
If Rule #1 is broken, you're wrong, that person was not actually a Bitcoiner in the first place.
Rule #3
Bitcoiners tend to create new Bitcoiners.
Rule #4
Buying bitcoin per se is not adoption. It also needs to be bought with the intent of not selling until it becomes money.
Rule #5
Given enough time, Bitcoiners will own virtually all the available Bitcoin
Rule #6
The lower the price is manipulated down, the faster rule 5 eventuates, leading to destruction of price suppression.
Rule 7
The correct measure of adoption is the number and bitcoin-wealth of Bitcoiners.
Rule 8
Adoption only increases, and is independent to price.
I really like this thank you for posting it.
I would also think... that it's important that hash-rate continues to go up as well. HgU not just NgU. and also growth of the lightning network which is so important.
"Buying bitcoin per se is not adoption. It also needs to be bought with the intent of not selling until it becomes money."
Truly profound
You will like also these rules too, that could come very handy in your bookmarks:
Thanks for posting this stuff. I take further Bitcoin education very seriously