Quote from: AlcoHoDL on Today at 12:52:42 PM

Quote from: somac. on Today at 10:22:13 AM

Quote from: Phil_S on Today at 09:42:39 AM

Broke Oligarch
https://www.bloomberg.com/news/features/2022-03-17/broke-russian-oligarch-fridman-says-sanctioned-billionaires-can-t-sway-putin

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To be a billionaire and not own Bitcoin is pure stupidity.

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My thoughts exactly. I'd even say, not only for rich people, but for anyone with a brain.

Bitcoin is a strange beast. I have friends and colleagues who are university-educated, some with Masters and Doctorates, and yet they still dismiss Bitcoin, calling it a fraud and a Ponzi. I guess the fiat standard has been so deeply embedded in people's brains, that, combined with the inherent difficulty in understanding PoW and how Bitcoin works, makes them incapable of recognizing its value.

Sometimes I wonder if Bitcoin adoption by the masses is actually increasing... Still no people (in my social circle) know enough to be able to "do it themselves". They always need me to spoon-feed them everything, and even when they buy some tiny amount of corn, they don't really understand what they've done. There's no spark in their eyes. They're just not ready for it yet. Still a long way to go...

Very good points AlcoHoDL.

Many of us have likely heard some of those theories about those who have lived well under current status quo systems, including if they might be "property rich" being unable to recognize and appreciate the value proposition of bitcoin - perhaps partially due to a kind of intangible presence that bitcoin has - and also many of them will almost completely write off any attempt to look into the matter because they will immediately categorize the bitcoin proponents as bag pumpers.. so yeah, there are some strong resistances towards even allowing some folks to even entertain the proposition that there actually might be some value in bitcoin beyond hype.

Like you, AlcoHoDL, I remain very skeptical of any kinds of claims that bitcoin is spreading through the consciousness of the people and adoption of bitcoin is becoming quite wide-spread through the various technical sections of the population blah blah blah.. which seems to be just some nonsense talking point to attempt to assert that bitcoin may well be reaching some kind of meaningful saturation point, when the reality of the matter is that some bitcoin hoarders do end up getting attention, but even many long term bitcoiners remain pitifully under-allocated (or we might call that whimpily allocated) with their 20 bitcoins that they bought in 2015 for example (hahahahaha .. I had to throw that little dig in there)...

Another way of being whimpily or underallocated would be folks who have supposedly diversified their "crypto" portfolios with a bunch of crap with a kind of presumption that there is some kind of significant/meaningful value in going beyond bitcoin - even though, sure they may hold some bitcoin as a kind of hedge.. I remember so many folks proclaiming that they own 10% bitcoin and the rest in a variety of crap while they would be counted as a bitcoiner, even though they are overly distracted rather than really recognizing and appreciating bitcoin's investment thesis.

So, yeah even the shitcoiners are going to have some level of resonance when it comes to bitcoin, and surely the gold bugs are going to be able to understand the concepts behind investing into bitcoin, but so many of them remain way underallocated in bitcoin (if they have any bitcoin at all), and in the population as a whole, if you were to approach randomized people on the street or some other way of randomizing your selection, and if you get 1/10 to actually understand what you are talking about when you mention bitcoin, you are having a good day... 1/20 might be more accurate odds of having a kind of successful and meaningful "resonance" hit rate.