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@ croxroadnews
2024-01-15 03:37:53It's possible that by this stage, the phrase "we're so early" has become so overused that it almost sounds like a meme to you. Do you know where we are in the process of widespread adoption of Bitcoin?
Being early is a relative concept that changes depending on who you ask. If you ask a "OG," "early" might indicate when Bitcoin was worth less than $100 or before the blocksize battles. Bitcoin has just recently become a topic of discussion for a number of people all around the world. Many people are still unaware that Bitcoin is the necessary lifeboat to reclaim individual freedom and financial sovereignty.
Look around, it is so damn early!
The amount of interest, comprehension, and acceptance of Bitcoin is now at a grassroots level. Have you ever participated in a Bitcoin meetup? People that attend these events are often Bitcoin zealots (like ourselves).
It is estimated that over 150 million individuals, or approximately 2% of the total population of the globe, have some exposure to bitcoin. In the broad scheme of things, it is a rather insignificant detail. In addition, our levels of exposure to Bitcoin are highly varied from one another.
There are people who own Bitcoin, and there are Bitcoiners.
Bitcoin users own their own private keys, operate their own nodes, and are aware of the fraudulent practices that FIAT governments engage in. A good many of us have reached our savings goals for the year. I'm always curious about how FEW "psychopaths" there really are in the world.
You are probably the only Bitcoin user that the people you went to school with and friends know. The vast majority of people do not comprehend what you are discussing and consider you insane. For the time being, early adopters have arrived.
Another sign of how early we are.. FIAT still holds value.
Another sign of how early we are.. FIAT still holds value. It may seem crazy, but some individuals would rather invest their savings in a currency that is certain to lose value than in one that is based on scarcity and is decentralized.
When compared to the United States Dollar, saving in Bitcoin may seem to be a difficult concept for boomers and pre-coiners. But what about the other currencies that use the FIAT system? Nobody is interested in trading Bitcoin for Venezuelan Bolivares at the moment. The same thing will be true for all of the other FIAT currencies. They are losing value at an alarming rate and are heading toward oblivion. Some are far quicker than others.
It is difficult to conceptualize what living might be like on a hard money standard. However, for those who use Bitcoin, our unit of account has already been updated to Bitcoin/sats. It is important to us that we have higher SAT scores now compared to yesterday. THE OLD PARADIGM HAS BEEN REPLACED.
One hard truth about how early we are is… Bitcoin is not ready for the world.
People still aren't aware of where to purchase or sell things, nor do they have simple access to accomplish any of those things. They are not familiar with the concept of a wallet or a private key. Even many who consider themselves "crypto" are still unaware of the existence of the Lightning Network.
Nevertheless, Bitcoin is now undergoing significant UX enhancements. The high learning curve is gradually beginning to level out. People will eventually not be aware that they are interacting with Bitcoin until it is too late.
It makes me think of the early days of the internet, which was in the 1990s. You know, the kind of relationship that requires dialing in. Nobody could have ever envisioned taking out their smartphone and watching movies on Netflix on their device of choice. The trajectory that Bitcoin will take in the future is not yet clear.
When it comes to stacking "corn," the good news is that you have an asymmetric advantage as a result of all of this. The learning curve for comprehending money, politics, energy, and self-custody is rather high. This is a competition to see who can learn the most. We have all shown that our task has been completed.
That's all for today, see ya tomorrow
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