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441 sats \ 11 comments \ @Chefgreensignature 1 Jun AskSN

I’ve Got a Serious Bitcoin Question

We all know Bitcoin isn’t something they can just mass-produce, right? There’s a fixed supply , only 21 million BTC, and we even have a rough year when the last Satoshi will be mined.

So here’s my question… What’s with all the hype to “bring more people into the Bitcoin network”? Can’t we who already hold it just keep buying, holding, spending, and transacting among ourselves till the last one is mined?

Now, don’t get me wrong , I get the part that says: “I can’t eat a good soup and not tell someone else about it, right?” Facts. We like to share good stuff.

But I also understand this part: “If it’s really that good, have you even finished convincing your own family members? Abeg, leave me joor.” Because that one is real too. Some people just aren’t moved.

And then there's the sharp question: “So Chef, if I join now, what do you stand to gain?”

And my honest answer? “Nothing.”

So tell me, guys What exactly do we, the holders of sats, stand to benefit from onboarding more people into Bitcoin?

And again What impact does it really have on Bitcoin itself when more people join, hold, and spend it?

Please, somebody break this down for me like you’re explaining to your little cousin. No grammar. Just the realest layman talk.

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92 sats \ 0 replies \ @Filiprogrammer 1 Jun

More people in Bitcoin results in more places to spend and earn Bitcoin directly. Bitcoin also promotes saving and disincentivizes wasteful consumerism which is destroying the nature around us.

143 sats \ 0 replies \ @RideandSmile 1 Jun

-Change the system from banks (centralized...) intermediate (inproductive positions...) -change economy ways (keynes for example..) -change social aspect (anyone could have an btc account...without checking its race, religion, poor, if he just went out from jail.....)
-change politics behaviour (corruption...) and etc....

Have you read any books about BTC ?

79 sats \ 0 replies \ @OT 1 Jun

We need more working bitcoiners or more people that work to start using Bitcoin. That's the only way we'll be able to trade with each other. When everything you need to buy can be paid for in sats.

36 sats \ 0 replies \ @freetx 1 Jun

The question you're really asking is: How do you value a network.

The answer is known as Metcalfes Law, which is V ~= n^2 (ie. Value of the network is approx number of Nodes raised to power of 2).

This means that a network with 200 users isn't twice as powerful as a network with a 100 users...its 4x as powerful.

Point being, increasing bitcoiners increases the value of the network at an exponential rate.

0 sats \ 0 replies \ @guerratotal 1 Jun

Love this question. Real simple: Bitcoin doesn’t change when more people join — the code, the supply cap, the rules stay the same. But what changes is how useful it becomes. More people = more places to spend it, more liquidity, more resilience, stronger network effects.

It’s like fire. One person with fire is cool for their own camp. But when the whole village has fire, life upgrades — cooking, warmth, tools, everything. Same with Bitcoin. You can hold it solo, but a circular economy makes it way more powerful.

Plus, more adoption = less chance the system gets attacked or ignored. The bigger the network, the harder it is to kill.

1 sat \ 0 replies \ @grayruby 1 Jun

Firstly, sound money and the ability if you so choose to hold it in a non custodial way is a major benefit to humanity so we should all want as many humans as possible to have access to it.

Secondly, network effects and the flywheel. The more people that use it (buy, hodl, spend) the stronger the ecosystem around Bitcoin becomes. Products and services are built around it. More quality education about it is available. The next generation grows up with Bitcoin as a thing native to human life rather than going through the early grind like we have.

0 sats \ 0 replies \ @openyoureyes 2h

Your benefit is that you have somebody around you to talk about bitcoin now.

0 sats \ 0 replies \ @flat24 2 Jun

Good reflection. I personally think something similar, in the end we do not need everyone to use Bitcoin. Bitcoin already works as it is. And we do not need more people, we need to finish migrating part of those 900 trillions that exist of capital in the world towards Bitcoin to become stronger. Now we only have 2 T. We need more bitcoiners apprentices as I have their own node and increase decentralization. And we need to take everything. Bitcoin that we can, we as individuals before corporations and states begin to take everything.

0 sats \ 0 replies \ @Solomonsatoshi 1 Jun

How many people understand fiat money and how it operates? Do you? If you do, then you will understand why it is worthwhile to understand Bitcoin. If you, like most people, don't understand fiat money and how it operates, then I suggest, it is empowering to learn, and then to learn about Bitcoin, which provides an alternative...

0 sats \ 0 replies \ @klk 1 Jun

Bigger anonimity set🤭

Just kidding.

A global free market. Unrestricted. Based on solid money. Something that we've never seen yet. Powered by all of the creative minds on earth. Can't wait :-)

0 sats \ 0 replies \ @gandules 1 Jun

This is why: strength in numbers. Bitcoin is divisible by 8 decimal points.

Let that sink in!