Most people in the world do not get the chance of doing anything remarkable in their lives. Many may do things that are significant for them, but usually, chances of doing something that will change humanity, its culture and its way of thinking are remote. People involved in the French Revolution, artists in the Renaissance, philosophers in ancient Athens, ... they did things that left the world changed.
Most of us have some bitcoin. A few have a lot of bitcoin. Just think that for any reason, in 5 years or 10 years, something happened that dropped bitcoin value or made the network unusable or whatever event or combination of events made it impossible to use it any longer. As far as I am concerned, I can say "I was there and, at least, it was something great and I was part of it". When bitcoin fades, the way people think about currency, self-governance, trust in a system will have changed forever. And you will have been part of it and be able to say "I did something great and it changed the world".
I'll be honest, based on my surroundings I don't think Bitcoin or cryptocurrencies have been able to make that big an impact on the "
payments system". Yes the level of adoption has increased, a lot of people know about bitcoin and invest in cryptocurrencies now and they have become a big market for hedgers, arbitrageurs, traders, and Investors but at the same time in the payment stream, except for EL Salvador there is nothing we can boast a lot about at this point of time. But yes the technology of blockchain is really something that has changed our lives forever.
--snip-- Just think that for any reason, in 5 years or 10 years, something happened that dropped bitcoin value or made the network unusable or whatever event or combination of events made it impossible to use it any longer. As far as I am concerned, I can say "I was there and, at least, it was something great and I was part of it". When bitcoin fades, the way people think about currency, self-governance, trust in a system will have changed forever. And you will have been part of it and be able to say "I did something great and it changed the world".
There there.
I don't know what is triggering your existential crisis but I find it very defeatist to think that you can just sigh away on a future thinking" I was there". The premise that Bitcoin will fade in coming years is something that those at this forum shouldn't accept in any scenario.
The biggest tech companies are already deciding how an average human's life plays out. The banks are already deciding that they'll track your expenses and incomes from life till birth with CBDCs. The only thing that gives you an option is this decentralized network of peers called Bitcoin.
If it ever comes to the stage that it is fading, I think the renaissance moment for everyone on this forum will be to take a stand for liberty and run a full node and a miner..
I mean the price of Bitcoin doesn't have to be 100K for the network to continue and survive. The developments can always continue and we can always have Bitcoin.
So stop being so gloomy buddy, you may still have your moment in the sun.
Just on the CDBC thing, and a bit out of topic, why do we even relate CDBC with bitcoin? Apart from the technology, I don't think they will provide any level of decentralization to the users. Infact it will just make the governments more into what we are doing in our daily lives.