retail normies were never going to buy bitcoin for these prices, unit bias is too powerful over the NPC mind ("if I can't have 1 it's not worth it"). that's why they created ETFs - to bridge the gap from BTC to sats
eventually everyone will be using sats without knowing how they got there, like with all technological shifts
in the meanwhile, bitcoin got some more leeway to improve self custody - tools, payments infra, scale, protocol improvements. the ETFs help to cover up the current embarrassment
NgU Engineer / UNLICENSED MONEY TRANSMITTER
npub1j6…fu56u
2024-01-11 17:16:20
Author Public Key
npub1j6st8crn3ellpqu2hjgql3y0v8hlaauq6966dwevqfqzge2khvlq5fu56uPublished at
2024-01-11 17:16:20Event JSON
{
"id": "a74d4c73473b791b2b7b295710174a67aea34aee73619b918eab09048ae04927",
"pubkey": "96a0b3e0738e7ff0838abc900fc48f61effef780d175a6bb2c0240246556bb3e",
"created_at": 1704993380,
"kind": 1,
"tags": [],
"content": "retail normies were never going to buy bitcoin for these prices, unit bias is too powerful over the NPC mind (\"if I can't have 1 it's not worth it\"). that's why they created ETFs - to bridge the gap from BTC to sats\n\neventually everyone will be using sats without knowing how they got there, like with all technological shifts\n\nin the meanwhile, bitcoin got some more leeway to improve self custody - tools, payments infra, scale, protocol improvements. the ETFs help to cover up the current embarrassment",
"sig": "3a4f3c597e6af9546f5270736aa96bfecdd777cc2153a48f14bf45ef68854649ead2cc8262ca4e97869c94eab6c58d337ff015f7bb1f9a748f348bea0cb22989"
}