The biggest barrier to bitcoin adoption is time, and there's not much we can do to speed it up.
Here's my theory. In any given generation, there's a small, roughly fixed percentage of people whose brains are wired to "get it" on contact. Bitcoin spread like wildfire from 2012 to 2017 because we were burning through that pool fast. Ever since, growth has looked more organic. Not because bitcoin got worse at convincing people, but because the easy converts were already converted.
The good news is that this pool refills with every new generational cohort. Combine that with the economic darwinism of having to choose where to store your value over decades, and we win by default. Fiat doesn't have to lose dramatically. It just has to keep doing what it's doing.
So the barrier isn't education, regulation, or UX. It's just time.
The biggest barrier to bitcoin adoption is time, and there's not much we can do to speed it up.
Here's my theory. In any given generation, there's a small, roughly fixed percentage of people whose brains are wired to "get it" on contact. Bitcoin spread like wildfire from 2012 to 2017 because we were burning through that pool fast. Ever since, growth has looked more organic. Not because bitcoin got worse at convincing people, but because the easy converts were already converted.
The good news is that this pool refills with every new generational cohort. Combine that with the economic darwinism of having to choose where to store your value over decades, and we win by default. Fiat doesn't have to lose dramatically. It just has to keep doing what it's doing.
So the barrier isn't education, regulation, or UX. It's just time.