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120 sats \ 3 replies \ @fiatbad 1 May \ on: POLL: What's the 'end state' for bitcoin? bitcoin
If the goal isn't to bring an end to fiat money, then what are we really doing here?
Everyone here should be inclined to click option 2. If you you're part of the 17% who clicked option 1, fuck you. Seriously.
While I was inclined to click option 2, I selected option 3 because I'm beginning to doubt that Bitcoin will ever be able to scale enough, from a technological perspective. Every L2/L3 solution seems to come with a large amount of centralization and the potential for paper-Bitcoin, re-hypothecation, and state-control. They also come with a lot of extra learning/overhead for normies. If we can't make it as easy to use as Visa/Venmo, it's not going to succeed because the average person doesn't care about financial mumbo-jumbo and will always choose convenience even if it's bad for them.
So, I'm in camp option 2 with the caveat that we still need to make it technologically possible to accomplish.
it's not going to succeed because the average person doesn't care about financial mumbo-jumbo and will always choose convenience even if it's bad for them
Shit, not only the "average person" has this problem, but the average Bitcoiner as well!
If this crowd won't even to go out of their way to stop using fiat, how can we ever expect it to propagate to the average person?
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Most people are herd animals.
They will sell out their freedom for the price of a Big Mac and coke.
The fiat operators know this and have slyly and successfully corralled most Bitcoiners into the DCA HODL KYCed, taxed, tracked and traced speculative commodity narrative.
An analogy is Linux.
Largely captured although still able to be used - but only used directly by a minority of individuals.
Hopefully we can still use Bitcoin as a P2P payment protocol into the future but mostly it will be held and controlled by institutions as a speculative commodity plaything.
This process is well underway though most Bitcoiners even here on SN are in denial...because the speculative commodity narrative works best when drenched in blind hopium...rather than confronting reality.
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FIAT 👏 BAD 👏
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