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20 sats \ 1 reply \ @028559d218 26 Dec \ on: Trump’s Dollar Tantrums and Bitcoin's Rallying Cry? (FT, Eswad Prasad) econ
2, 3, or 4 Billion people using Bitcoin in some form or fashion (whether it be savings, investment, or daily spending) will mean NGU. By definition.
It's not 'trump' or 'kamala' or 'being early' or 'being late' - when Bitcoin is a savings refuge and spending medium to millions/billions on a daily basis, there is only so much Bitcoin and only so much blockspace. The exchange rate, logically, in comparison with today would be vastly higher. Much, much much higher.
There is so much BS in the media - WSJ, Bloomberg, FT you name it... they barely even mention Bitcoin really except to throw it in together with Tron and barely-used blockchains or downright scams. And then when they do mention Bitcoin it's clear the authors have never made a Bitcoin transaction.
Never held their own keys.
Never used or inputted a seed phrase.
Never mined Bitcoin (even with a small/personal miner)
and certainly never used the lightning network.
No stacker news. No nostr. No cheap and quick transactions on "layer 2" of the same proof of work...
Zip, zilch, nothing.
And then of course they're like 'it has no used case'. Well duh if they've never fucking used it of course it wouldn't have a 'use case' to them based on their experience they don't have.
The bottom line is that Bitcoin is a 130-year experiment (while it's still being 'mined') and this is year 15-16. Noone is late to Bitcoin, Bitcoin is just getting started.
Ask your uber driver if they have a 'lightning wallet'... I can't find one who's ever even heard of it and if they've never even heard of it... and Lightning is still being developed then Bitcoin has a long, substantial, and meaningful future ahead of it particularly from education and people figuring out 'what it is'.
My guess is that Bitcoin needs another 10 years for Lightning to be really widespread and common.
Bitcoin use as a MoE has been very slyly and successfully obstructed.
It is difficult to see how this might change as it appears to be the primary method being applied by the legacy fiat powers to subtly but effectively capture, contain and control the protocol.
Most Bitcoiners don't even see it- that's how sly it is.
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