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OK, you got a point, but still:
If I take the tweet posted on the Seven Network Effects and more precisely with merchants and consumers. How are we supposed to increase the mass adoption concerning them if speculation is taking over merchants and consumers? Bitcoin is known as an investment and not an alternative currency.
I doubt that we really need to worry or to rush into mass adoption, because bitcoin seems to serve its sound money design objective. If you have a money that is more sound than gold, then value is going to flow into bitcoin with the passage of time. There seems to be little to no need to get all worried about whether I can spend my bitcoins today in the USA to buy coffee or whatever other small to medium sized transactions.
There are a lot of bitcoin naysayers or altcoin pumpers who engage in ongoing vague criticisms of bitcoin suggesting that bitcoin is not providing enough utility and accordingly suggesting that bitcoin is broken in some kind of way that urgently needs to be fixed, and I really doubt that there is much if any basis in those kinds of claims because they seem to be built upon weak premises, suggesting that bitcoin is broken or deficient in some kind of way.
Speculation and investing seems to be a kind of necessity, and even if it was not specifically outlined by Satoshi, such dynamics underly ongoing adoption, which seems to me to be going at a sufficiently rapid pace. There seems to me to be little to no need to rush adoption because it is ongoingly building sufficiently enough. Bitcoin is getting into the consciousness of more and more people including financial people who want to short the fuck out of bitcoin, but bitcoin still keeps growing even while more financial instruments (that allow shorting) are building up around it.
Sure, if you have your skepticisms of bitcoin, then maybe you are not going to invest as much into it because you believe that there is something that is NOT quite right with bitcoin, and that choice is up to you.
To me, it seems that bitcoin remains a sufficiently great asymmetric bet, but there are a whole hell-of-a-lot of people who don't even know what bitcoin is, even if they have heard the name, or they misunderstand what it is, because they heard that it was used by criminals or that it's CEO was arrested, but Lindy effect still suggests that the longer that bitcoin is around and holding a value the longer that people are going to recognize its value and with bitcoin's sound money and various metcalfe's law principles, there is no real reason that value will not continue to flow into bitcoin.. and cause more and more momentum into it, whether anyone markets bitcoin or not also it does not matter that a variety of shitcoins are creating budgets for themselves to market against bitcoin, the value is still going to flow into bitcoin, and sure it could take a decent amount of time to have large and widespread use, like you seem to be suggesting should already exist.
A merchant will tell you he wants to be paid with money, not with stock option and he won't bother to look closely at it.
Up to them, if they want to accept bitcoin or not. I don't give any shits if they don't want to accept bitcoin, I will pay with dollars or credit cards or whatever. Along with Greshams law, it is better for me to use the least valuable means of payment first. I will pay with Bcash, if I had it and they would take it.
No matter if you explain he can save on the fees charged by Visa card.
I don't think that we need to attempt to convince them. If they want to take it, they will.
Try yourself to talk with a merchant, he'll laugh, and he'll tell you he's not gonna bother where there's no demand. 1 consumer every 6 months interested to pay with bitcoins, yahoo!
I agree merchant adoption has been pretty low... lightning network might help in that direction in the future. I don't feel any rush to pay merchants.
Speculation is also the reason why administrations and governments start to bother us with regulations. It started to come at the same time around 2016.
What's the goal to create a digital currency decentralized if, in the end, we have the same problems, better to go back to fiat.
governments have a variety of reasons in the way that they might get involved in bitcoin or crypto currencies. In early 2014, in the USA
there was guidance from the IRS to treat bitcoin as capital gains.. so that discouraged using BTC for payments in the USA. That might be a problem with lightning network too, in terms of getting people to spend their BTC in some jurisdictions. In the end, bitcoin is multi-jurisdictional too, so if there are major fears of regulatory effects on BTC, those need to be considered in terms of the world-wide phenomenon of bitcoin, so even if some jurisdictions might attempt to crack down harder on bitcoin, they might also have to back down on their cracking down if it might be causing them some disadvantages in terms of bitcoin development going to other locations.. so various governments have to account for the multi-jurisdictional aspect of bitcoin and including ONLY so much that they can control, such as on-ramps and off-ramps.. but perhaps difficulties of controlling inside bitcoin.
Overall, I see you trying to paint bitcoin as having some kinds of problems or deficiencies, and I am a bit unclear why you are doing that? You don't see any value in BTC? How about being able to hold and retain value and to transfer that value anywhere in the world at any time without permission, is that valuable to you? Do you believe that some kind of payments emphasis is better? Those are bcash (aka shitcoin) talking points that are largely bullshit, no?
Do you think that there is something wrong with where bitcoin's price is currently and where it seems likely to go? There are BTC price prediction models such as: 1) the stock to flow model, 2) the four-year fractal model, 3) network effects (like I already mentioned) and 4) other similar sound money, adoption and Lindy Effects models that suggest our future BTC price direction to remain quite bullish and based on scarcity consideration. Do you think that there are problems with the models or the direction of BTC prices based on some of these kinds sound money considerations?
