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200 sats \ 0 replies \ @Scoresby 5h \ on: Can Bitcoin succeed without widespread adoption? bitcoin
Problem is we don't know how good of a "hedge against state agression" it is. We kind of have to wait and see what happens when/if a state really attacks it.
This is the hope. Increased threats from state (financial controls, gov't money debasement) will hopefully lead to increased adoption. But we don't know at what level of state aggression a person's threshold for adopting bitcoin is.
You are spot on with this and I think it is true of bitcoin specifically, as well. So it makes sense for anyone interested in it to try to make bitcoin easier to use and understand so that the level of state aggression at which it becomes an attractive alternative is as low as possible.
Whether we think it has succeeded or not, it makes sense for anyone who wants censorship resistant money to continue to put effort into increasing bitcoin adoption. Because with more adoption, we get better censorship resistance.