People will never stop being scammed. Bitcoin isn't a scam. Humans are the scammers and the scammed. If bitcoin has utility (it does) and if it has value (it does) every institution will either die or use/hold/try to control it eventually. Price is a function of human action. Humans do dumb things. Fall for dumb narratives and scam people.
I still think of myself as a newer bitcoiner but clearly that can't be solely measured in years. We have a long way to go as a species before we get to anything close to a collection of sovereign individuals using bitcoin as the standard. Its not a failure of bitcoin that this has yet to happen. Its a failure of humans.
Modernity has little patience and even less of an attention span. Those who don't fall into these two traps will be rewarded in due time. That's my two sats at least.
People will never stop being scammed. Bitcoin isn't a scam. Humans are the scammers and the scammed. If bitcoin has utility (it does) and if it has value (it does) every institution will either die or use/hold/try to control it eventually. Price is a function of human action. Humans do dumb things. Fall for dumb narratives and scam people.
I still think of myself as a newer bitcoiner but clearly that can't be solely measured in years. We have a long way to go as a species before we get to anything close to a collection of sovereign individuals using bitcoin as the standard. Its not a failure of bitcoin that this has yet to happen. Its a failure of humans.
Modernity has little patience and even less of an attention span. Those who don't fall into these two traps will be rewarded in due time. That's my two sats at least.