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RE: November 2013 Digital Time Capsule: Bitcoin Tweets from @lukestokes
10....9.....8.....7....6...............1......time travel commence:
You are right "There is a growing number of people who are not investing in bitcoin, they are transitioning to it."
This holds true even now. Hell I am a living proof of it, my friends are. people I know are......and the list goes on. It is just that fiat is such a small amount compared to worlds total wealth because actual people get to hold it. Now even those people are using crypto.
I noticed this fact some time ago. The realty is if we check the blockchain a lot of smaller ( in amount) number of transactions are increasing. Mind you these transactions are smaller ones. I believe that people are buying increasing amount of daily use services on a regular basis.
I hope so. It's a transition, but sometimes (especially looking back at these messages from 5 years ago), it can feel like a slow transition. I had hoped by now I could pay for most things with BTC, but it seems the blocksize debate prevented (and actually reversed) merchant adoption.
That's okay though because now we have DPOS which has better on-chain governance. POW may not be the right way we move forward. Either way, everyone can compete openly and that's a beautiful thing.