Post
Topic
Board Economics
Re: Reality Check on Crypto
by
Silberman
on 17/10/2021, 15:58:39 UTC
Sometimes, this forum thinks that the rest of the world will flock to Bitcoin in droves because of its qualities.

Some people think that every potential user/investor will care about its decentralized features or its high value.

Well, it is not the case.

The people who go to BitcoinTalk are not the average investor: they are interested enough in crypto to make an account here.

It is not the posters you talk to, but the invisible lurkers who may be reading this very post.
They do not appreciate those qualities right now because they do not see the need, but ask people in countries where inflation is out of control and people are using bitcoin and other cryptocurrencies to protect themselves and we will see they appreciate the fact that governments do not own those cryptocurrencies and the fact they cannot create them at will, so give it time, the fiat system will fall, this is not a prediction it is inevitable, no one knows when it will happen but it will and when it does I can assure you people will love the decentralized nature of bitcoin.