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0 sats \ 8 replies \ @ek 6 Dec \ parent \ on: Walked 30 mins to go spend Bitcoin... got to the resaurant and they had iBexPay? bitcoin
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.
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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.
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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.
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0 sats \ 5 replies \ @028559d218 OP 6 Dec
So Bitcoin would honestly be around the year.... what 1995? 1996? Earlier?
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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).
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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.
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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.
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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.
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