reply on: Walked 30 mins to go spend Bitcoin... got to the resaurant and they had iBexPay? \ stacker news ~bitcoin

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0 sats \ 15 replies \ @028559d218 OP 6 Dec \ parent \ on: Walked 30 mins to go spend Bitcoin... got to the resaurant and they had iBexPay? bitcoin

Am I wrong though? Where is the adoption? NgU is not adoption.

0 sats \ 8 replies \ @ek 6 Dec

Where is the adoption?

Adoption will happen on the internet first on sites like Stacker News imo. Much easier for internet companies to adopt Bitcoin compared to brick-and-mortar stores.

21 sats \ 7 replies \ @028559d218 OP 6 Dec

are we just that early then? at least to a MoE revolution?

because right now bitcoin is a store of value, but not a medium of exchange. in my opinion selling bitcoin for fiat is 'not' generally medium of exchange, it is a scam.

SN zapping for memes and good posts is more a MoE and that's what makes it so interesting (especially being lightning-based) but I'm not sure where else to find that.

0 sats \ 6 replies \ @ek 6 Dec

If we think it makes sense to compare the adoption of internet protocols (IP/TCP) to the adoption of bitcoin protocols (Bitcoin/Lightning), then yes, we are that early.

TCP was invented in the 70s, while bitcoin has only been around for 15 years. Current bitcoin adoption is more comparable to internet adoption in the 1990s, so basically the start of Web 1.0.

That might even be a generous comparison, as I’m equating bitcoin to TCP rather than lightning to TCP, which might be a more accurate analogy.

0 sats \ 5 replies \ @028559d218 OP 6 Dec

So Bitcoin would honestly be around the year.... what 1995? 1996? Earlier?

0 sats \ 4 replies \ @ek 6 Dec

Definitely pre-iPhone at least.

However, to be fair, bitcoin requires significantly less deployment of hardware to compared to the internet since bitcoin is mostly just software (excluding ASICs).

65 sats \ 2 replies \ @028559d218 OP 6 Dec

iphone, around 2007 seems really, really late to me... This whole thing feels like 1996

I listened to Bob Burnett on 'What Bitcoin Did' a while back... and he compared this year (halving + etfs) to the release of Windows 1995 when personal computers (PCs) really appealed to consumers and 'went mainstream'. That's what 'the etfs' are combined with the popularity.

0 sats \ 1 reply \ @ek 6 Dec

iphone, around 2007 seems really, really late to me...

I know, I just wanted to give you an upper limit on an estimate.

and he compared this year (halving + etfs) to the release of Windows 1995 when personal computers (PCs) really appealed to consumers and 'went mainstream'.

So we're agreeing that it's indeed very early for bitcoin adoption if we still compare it to internet adoption? PCs had to go mainstream before the internet could go mainstream.

0 sats \ 0 replies \ @028559d218 OP 6 Dec

I guess that it's good that it's 'early'... but it sure is painful too. Having this perspective reminds me of what's involved... and the waiting that is required/will be required just for the world to "catch up" to where the Stackers are. Maybe a full 10 years... for the world to 'get' to the point where most Stackers are today (Stacker News)

Want to see how 'some'/much of the public feels? Read the WSJ comments section on the Bitcoin/MSTR editorial.

https://www.wsj.com/opinion/bitcoin-prices-microstrategy-markets-assets-federal-reserve-810db1b9#comments_sector

The 'commenters' are calling it 'tulips' a 'bubble' and 'worthless' and any coin 'any day now' is going to replace it and it all 'goes to zero'. That's all they can say so

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0 sats \ 0 replies \ @zapsammy 6 Dec

the macrohardware that needs to be rediscovered are the giant stone structures with pointy tops. that would be a giant leap forward to plug bitcoin into those.

0 sats \ 5 replies \ @zapsammy 6 Dec

i wud continue practicing with the best features of bitcoin software & hardware until u encounter someone who wants to learn, and be ready to dedicate plenty of time toward that one determined individual.

maybe it's futile to onboard normie businesses; let them go under, and then bitcoiners will eventually buy out the infrastructure and start fresh, the right way, and pay employees in bitcoin. someone will eventually have to start the businesses back up.

in short, more pain necessary.

0 sats \ 4 replies \ @028559d218 OP 6 Dec

it's just that people have so little appreciation for thermodynamically-sound money. it's so exciting, so fantastic, so incredible and yes the price has been high and yes mentioned in the news...

but to the extent "normies" talk about it there is overwhelmingly 1) denial 2) confusion and 3) some sort of rejection of something 'new'. Its ******* staring them in the face, Lightning is good really good with a decent channel set up and still...

I don't know anyone personally into Bitcoin. No-one really into self-custody, and no-way someone as into as to have an account on Stacker.

It doesn't make any sense.

0 sats \ 3 replies \ @zapsammy 6 Dec

how cud u find someone away from keyboard to meet with and talk about bitcoin? have you tried the orange pill app or a local meetup? one way u cud spend bitcoin is go out for drinks or lunch with someone who is stacking and still wants to keep dollars, pay them in bitcoin, and they pay in fiat. that at least gets u used to the bitcoin payments on the street.

21 sats \ 2 replies \ @028559d218 OP 6 Dec

i tried that once and it was cool. someone bought 10$ from me in bitcoin (i paid for some beer)

but that was once in an extended period of time

21 sats \ 1 reply \ @zapsammy 6 Dec

i try to do that routinely, but often the other party buys me beer or coffee for free... must be out of respect that i try to limit personal use of fiat rails.

10 sats \ 0 replies \ @028559d218 OP 6 Dec

this is why i like SN so much. it's what bitcoin is supposed to be... peer to peer thermodynamically-sound cash. from person to person instantly and with relative privacy

finding that in the normal or 'meat-space' world though is exceedingly difficult