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Still here 12 months in bud 💪💪
Apparently I can stay solvent and stupid longer than given credit for 🤣🤣
As you said, this is a battle. Today's zeitgeist makes Bitcoin out to be an investment strategy, maybe in a large part due to Saylor. Most folks think it's a stock/company like Amazon or Apple. Bitcoin as a SoV asset is scrondary, even symptomatic of, the the p2p electronic cash principal.
I've been playing out scenarios in my
Mind since @k00b mentioned the Saylorication centralizing SoV argument. My feeling is the MoE use will continue to grow in marginal communities, unabated by the investment portfolio piece, increasing the value of the network. Grass roots.
But HODLers need to not sell their Bitcoin, because the Saylors and the Mircosofts of the world will gobble it up, keep it on their balance sheets and probably never spend it. They won't need to if there isn't a market demand for it as "cash." As long as the majority of Bitcoin stays distributed and whales only hold a fraction of all total Bitcoin, then I think MoE Bitcoin as money proposition has a chance to play out. Alternatively, if large corporations are able to hold most the UTXO's in the long run, then it doesn't give much chance for layer 2s like lightning to thrive because they probably won't initiate these moves. They have their "Almighty USD".
Your skepticism is warranted. It should be an exciting cycle.
Where does the yield come from?
Damn, heavy story in the comments about one of the founders of CloudFlare: https://www.wired.com/story/lee-holloway-devastating-decline-brilliant-young-coder/
Great to see the all the bugs and wishlist items getting pounded out. Ekzyis is a machine!!!