Tuesday, 4 January 2022

We are at least 20 years away from Hyperbitcoinization. The vast majority of people simply don't care about Bitcoin. They don't give a shit.

I spent most of the second half of 2021 trying to orange pill my social circle and I only managed to succeed with my very closest friends.

I noticed that most people either don't care or cannot wrap their heads around it. It's almost like you need to have certain genes or personality type to be a Bitcoiner.

I even visited El Salvador to see it for myself. Most businesses preferred to be paid in dollars than bitcoin. I talked with taxi drivers, small business owners, etc, and they didn't understand Bitcoin. They were all afraid of the "volatility".

I also noticed that some people would get a little interested, ask me a couple of questions here and there, and then said something along the lines of "That sounds really great, I will definitely get into it" and then go on with their lives without getting into it lol.

For mass adoption to happen, I believe the dollar needs to actually collapse so that people look for Bitcoin as the exit. Similar to Argentinans and Venezuelans. They understand the value because they have seen their own governments destroy their currencies.

The US government will try to delay the collapse of the dollar as long as they can with all sorts of shenanigans. I think it will take at least 20 years before people in general lose complete faith in the US dollar.

In the meantime, Bitcoin will continue to behave as a very strong store of value, with a few small countries adopting it as legal tender.

That's how I see it.

submitted by /u/Iguana_The_Wise
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Only 10% of Bitcoin Supply Left to Be Mined

Only 10% of Bitcoin Supply Left to Be Mined submitted by /u/murkyMandrill8235
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Satoshi's choice for the Genesis Block will always remind us about the inflationary nature of fiat: 12 years later, it's basically impossible to eat out for £5 in UK. Good choice, Satoshi!

Satoshi's choice for the Genesis Block will always remind us about the inflationary nature of fiat: 12 years later, it's basically impossible to eat out for £5 in UK. Good choice, Satoshi! submitted by /u/Bitcoin_is_plan_A
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r/bitcoin Censorship Daily: "What happened to all the institutional buying today??"

r/bitcoin Censorship Daily: "What happened to all the institutional buying today??" submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/rvbon7/rbitcoin_censorship_daily_what_happened_to_all/

Mentor Monday, January 03, 2022: Ask all your bitcoin questions!

Ask (and answer!) away! Here are the general rules:

  • If you'd like to learn something, ask.
  • If you'd like to share knowledge, answer.
  • Any question about Bitcoin is fair game.

And don't forget to check out /r/BitcoinBeginners

You can sort by new to see the latest questions that may not be answered yet.

submitted by /u/rBitcoinMod
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tired of trolls, shills, moles and bots? join the VIP club! :)

tired of trolls, shills, moles and bots? join the VIP club! :) submitted by /u/tulasacra
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source https://www.reddit.com/r/btc/comments/rv8ts6/tired_of_trolls_shills_moles_and_bots_join_the/

Crypto Mining Stocks: What's Going on With SOS, MARA and RIOT Today?

Crypto Mining Stocks: What's Going on With SOS, MARA and RIOT Today? submitted by /u/Aggravating_One8942
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source https://www.reddit.com/r/btc/comments/rv7r1h/crypto_mining_stocks_whats_going_on_with_sos_mara/