Re: Bitcoins and other cryptos will never become mainstream before...
Bitcoins and other cryptos will never become mainstream before... people can buy water bottles with them.
Quite simple, many expecting an explosive entropy of the bitcoin adoption / price but truth is the average folk most common needs and use of money aren't met by bitcoin, this fact goes against the very foundation of any successfully implemented mean of money anytime across recorded history. It really is a political problem at it's core, the deep states run by bankers won't let a viable alternative co-exist in the streets. I have no doubt that with truly liberal and free alien civilizations, the blockchain technology would have attained (for all purposes) universal adoption in a shorter time that the cryptos have been around by now here.
What are your takes about that sentiment?
Quite simple, many expecting an explosive entropy of the bitcoin adoption / price but truth is the average folk most common needs and use of money aren't met by bitcoin, this fact goes against the very foundation of any successfully implemented mean of money anytime across recorded history. It really is a political problem at it's core, the deep states run by bankers won't let a viable alternative co-exist in the streets. I have no doubt that with truly liberal and free alien civilizations, the blockchain technology would have attained (for all purposes) universal adoption in a shorter time that the cryptos have been around by now here.
What are your takes about that sentiment?
I know high on-chain fees are a problem for mainstream adoption, especially when we're talking about onboarding new users into Bitcoin. But there's nothing we can do about it if we want to keep Bitcoin "free" (as in liberty). Censoring Ordinals transactions would steer Bitcoin away from its original principles. Either people switch to the Lightning Network or use an alternative cryptocurrency with lower fees. I'm sure developers will increase the block size to alleviate the issue. If they don't, we'd have no other choice but to wait until the hype is over.
We'll see less people having self-custody of their coins because of the rising on-chain fees. Lower fees = increased mainstream adoption. Let's not forget market volatility prevents BTC from being used as digital cash. Who knows how long will it take before things go back to normal?
