[rednb]

It does not need to be all or nothing though. It simply needs to be true for a large enough number of people, to create an extremely valuable market.

We are over 8 billion on earth, even if as little as 1% of the population rely on it directly or indirectly due to some form of oppression real or perceived due to political opinions, a long investment thesis on bitcoin can make sense.

I am not a bitcoin holder once this is said. Arrived at the party too late IMHO, and i have better investment options for now from a risk-adjusted perspective.

However if i had more cash to invest than i know what to do with, i'd definitely take a long position on bitcoin.

[the_snooze]

>even if as little as 1% of the population

1% of 8 billion is 80 million. Coordinating that many people onto a particular platform or alternative is a gargantuan task. It's not "little."

[rednb]

I think you are making a big deal out of nothing: today adoption is tiny but there isn't any coordination problem. Anyone wanting to buy or sell bitcoins, even for very large amount has no problem doing so.

As adoption increases, liquidity (which may be what you allude to when you talk about coordination) will be even better.

I'd also note that facilitating liquity can indeed be a complex problem, but there are people specialized in making money out of it and who therefore have an incentive to continually keep the market liquid, read about "market makers".