Soon, People Won’t Care

Many people would rather die a normal death than take a risk that could either save them, or kill them in a different way. In the world of investing this means that people would rather go with the flow of what the societal norm is instead of being part of the intolerant minority who dares to have a different perspective.

As this relates to bitcoin, it is interesting to go through the history as it has matured and see the attitudes of people discussing it. If you find older clips of people on talk shows talking about bitcoin, they seem almost apologetic. They seem almost sorry for even suggesting that bitcoin has the capability to become the world reserve currency and that it is not a bubble, that it could actually succeed. The people interviewing seem to almost sneer and scoff at the idea of having a segment about something like an “internet token.”

This is normal with paradigm shifts. The early adopters are called crazy and are laughed at.

Before the dot-com boom, the idea that every company would have a digital presence did not make any sense. Now look at the world. Bitcoin is no different. What was once laughed at is making its rounds and rapidly transforming from something that people laughed at to something that society will be unable to live without.

In looking at different technological events, it is interesting what happens when they are adopted on a mass scale. I don’t know how my car engine works on a technical level. I just know it works. I don’t know how the electricity in my house works on a technical level. I just know it works. I don’t know how the internet works on a technical level. I just know it works. I don’t know how my iPhone works on a technical level. I just know it works. For all the items I listed, I quite frankly don’t need to care how they work; I just care that they work. I believe bitcoin will follow the same path.

Currently, there are many educators about bitcoin, and it is still a niche enough idea that learning about bitcoin is still a recommended strategy for newcomers. I still advocate and preach for education and constantly am listening to podcasts, reading books and articles, and diving down new rabbit holes to enhance my own knowledge. However, I recognize that I care to learn about bitcoin more than most people. I recognize that this “learning” I do is something I consider fun and does not feel like a chore. Just like people who love electrical engineering love tinkering with devices on a mechanical level. Just like how car junkies love heading out to the garage to restore a vintage sports car. Learning at this level is a hobby. Learning at this level will not be the norm as bitcoin continues to mature and become more widely adopted.

What is going to happen is that the current niche of the “intolerant minority” that bitcoiners are will expand to become a much larger passive majority.

They will be passive because worldwide adoption of bitcoin does not mean everyone knows every in and out about bitcoin, they just know that bitcoin is something that should be in their portfolio. They won’t care why. They won’t care about any technical reason. They will care because of its performance compared to every other asset in the world and because everyone else has it. Not having bitcoin in the future will be equivalent to being the last horse and buggy trotting down the road as all of the mobile vehicles speed by.

In the future, people won’t need to care about what bitcoin is on a deeper level. They will just care that it serves its purpose of preserving their spending power into the future. They will just care that they own it.

Stack SATs.

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