Has Bitcoin Found the Sweet Spot for Guaranteed Retail Adoption?
Selling out or going mainstream?
Back in the 1990s I was directly involved with driving the adoption of the internet. Since then, the internet has developed into something very different from how we imagined it. It’s also considerably better than we thought it would be.
While we dreamed of the giddy possibilities of a face-to-face video phone call or downloading a piece of software on demand, we never, ever imagined web 3.0 apps like Uber or Airbnb. They were so far off the scale, they didn’t even register.
Bitcoin’s journey (and ours with it) is likely to be similar in the end, and some of the steps on that journey may not be linear, or even obvious.
Like most people, I found the fact that you could use Bitcoin to send money across any borders at any time without involving any banks or other organizations in just a few minutes (or worst case, hours) for a few dollars, simply astounding. This has never been possible before at any point in human history.
And it’s not only a question of convenience and “people power,” because as many as 1.7 billion people have no banking facilities at all, according to The World Bank Annual Report 2020, and Bitcoin — genuinely — has the power to fix this imbalance for good. What an…
