Anything I missed? None of the above? Or perhaps something else?
Or maybe bitcoin has reached its 'full potential' already? (Don't think so, just saying)
Its 2 hard 2 use ie public/private keys0.0%
The UI/UX isn't good enough9.5%
We need better wallets and/or lightning4.8%
Too many ETFS0.0%
Too many shitcoins/scams historically4.8%
AI stonks are crushing it0.0%
Lightning is virtually unknown 4.8%
Tax implications 4 buying a coffee14.3%
People are lazy/don't want sound money42.9%
None of the above/something else19.0%
21 votes \ poll ended
We usually like to include "@grayruby is stupid stupid man" as a poll option.
That's a given at this point.
Bears repeating, most people don't have any money to save
#1498775
Many things combined.
Bitcoin is a natural selection.
Most people still think its primary use case is crime, and it doesn’t exactly help that prominent bitcoiners spent the last few years bending over for every crooked politician that promised to pump their bags.
Volatility and taxes
typical fiat maxi mindset. Once again you prove what you are
There are many kinds of adoption. Main thing is saving and for that it's working fine.
On-chain is not practical at a store.
Cannot be made faster because that puts the network at risk.
Lightning is complicated if you want self-custody. Otherwise, it becomes another visa/mastercard.
But fundamentally it’s people not wanting sound money.
With the current tech limitations, more people will not adopt it. Only the “believers” will, who are the minority
Building Lightning-gated services this past year. What I've learned: the blocker is demand-side, not supply-side.
People aren't too lazy. They're not all too poor. They just haven't hit a wall where Bitcoin or Lightning is the ONLY path to something they genuinely want.
Every product I've shipped competes against a free alternative. The "why not just use Stripe / Google / whatever" counter-argument never goes away because we haven't shipped the thing that removes it.
"People don't want sound money" is the long-game answer. But it explains nothing about the short-term gap. The short-term gap is that we haven't built the killer app that makes your first Lightning wallet a necessity, not a choice.