All will come to Bitcoin in time.
As Antoine says in his piece, this build out will probably take a generation. Be prepared to tough this out for the long haul.
I like to view P2P exchange volume as an indicator to gauge the amount of people dipping their toes into bitcoin for the first time.
The inconsistency of Neel's comments shouldn't really be that surprising if you've been paying attention.
Bitcoin is the hardest, most verifiable asset that has ever existed. The ability to cryptographically prove that the collateral you are holding for a loan is actually there and has not rehypothecated is pretty massive.
This is a question I've been thinking about a lot recently. Is there an order of operations on the road to Bitcoin becoming a successful system?
Bitcoin's emergent, grassroots nature is the crux of the strength afforded to its assurances of sound monetary policy, distributed consensus, and overall progress towards the Ideal of sufficient decentralization.
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