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0 sats \ 2 replies \ @TradingFinder 23 Oct \ on: Bitcoin PSA: It's Helpful and Important to Define Terms Before We Lose Our Way bitcoin
Hi
In your view, what implications could the lack of clear definitions and understanding among Bitcoiners have on the future of Bitcoin, particularly regarding its acceptance as a legitimate form of money versus speculative investment?
The other thing is... there are plenty of folks who talk about 'Bitcoin adoption' and Bitcoin 'replacing the banks' and Bitcoin 'being a bank'. 'Mainstream adoption' etc etc.
And so on an so forth. Yet many of those same people... how many on-chain transactions do they routinely make? How many lightning transactions do they regularly make? They do have a lightning wallet, they do don't they?
How is Bitcoin to 'get adopted' without people spending it? and Merchants adopting it? And people practicing with lightning, maybe in person in their local communities?
I ask each Uber or Lyft/cab driver I come across hey, do you have a lightning wallet (for a tip) and I haven't found a single one who knows what I'm talking about. Where is the adoption? And sometimes imo it's Bitcoiners who don't really want it.
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Bitcoiners say 'don't spend your Bitcoin'. Ok well...
I guess they will just hold their Bitcoin forever then. And never sell it?
And if they plan on selling it, why not spend 3$ worth in sats on a cup of coffee?
I also believe that the person who has never spent Bitcoin can not value it... as they cannot evaluate its risk/reward combination, its transactional potential, the lightning network... things like that.
Saving or "investing" in something one has never actually used seems like a really, really bad idea.
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