[solotronics]

This is a really good interview by Michael Saylor who was an early investor in FANG companies on what his thinking was for investing his companies reserve cash of $400mil in Bitcoin https://youtu.be/Cg10yYZjK94

His conclusion is that Bitcoin is a disruptive currency. It is equivalent to how Facebook disrupted and captured social, Amazon disrupted retail, Google disrupted info. Bitcoin is disrupting centralized controlled currency. It is replacing central control with something democratized and decentralized.

[Jasper_]

Then why hasn't it done any of those yet? Bitcoin came out in 2009, Facebook opened its doors to the public in 2006. One achieved world dominance, the other still can't get out of being darknet money.

[alwillis]

One achieved world dominance, the other still can't get out of being darknet money.

This is kinda silly. Bitcoin went from $0 to over $300 billion in market cap with no company or organization to market it. It's been the best performing asset for the past 5, 10 and 12 years.

Now that it's large enough for institutional investors, family offices, ETFs and hedge funds to get involved, that's happening. Yes, 401ks, IRAs, company treasuries now have bitcoin in them.

Meanwhile, every fiat currency (except two—the dollar and the pound) has failed at one time or another. Now that it's been 50 years since going off the gold standard, the dollar isn't looking so good for the long haul. Trillions of dollars have been printed this year; that erodes the buying power of the dollars we already had.

[CyberDildonics]

Because it can't.

The bitcoin github and subreddit were taken over by a group of people that just wanted to make a centralized second layer that they could sell. They used (and still use) lies, propaganda and heavy censorship to keep the transaction capacity at only a few per second. Floods of incoming people that had no in depth understanding were and still are unaware that /r/bitcoin was like /r/thedonald - anything (even questions) against the (technically ridiculous) propaganda message that more than a few kilobytes per second in transactions would be a disaster was deleted and the user was banned or shadow banned.

This is not controversial, you can still check out /r/bitcoin

Cryptocurrency in general is an idea whose time has come. Electronic currency that can be used without permission from a third party has many enormous advantages. The original bitcoin chain is nonsense and has been a disaster for the last 7 years.

[albroland]

AFAICT, it can't even get adoption in darknet markets.

Aside from extortion and ransoms which are still bitcorns, you're unlikely to use anything but monero, zcash or maybe eth for illicit purchases these days.