Wen Crypto Mass Adoption? Not This Bull Run!

You might think I am a disrespectful bastard baby when you read what I think below.
But I think I have good reasons to think the below.

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Jim Morrisson said People are Strange.
I say People are deaf dumb and blind, and no pinball wizards at all.

People are Ignorant

I will not call mankind stupid because stupid is as stupid does.

Yet, mankind has proven that it´s in denial till the truth slaps them in the face, and slaps hard.

It is as if they just do not want to see it, while in reality, I have to admit, it´s because they can´t see it. Most human brains are not developed for picking up the signals.

Mankind Needs A Slap In The Face

1. No, my kid would never do that.
2. No way Hitler is gonna invade my country.
3. Stop kidding me, the earth is round...where did you get that idea?

And I am keeping the examples politically correct as I don´t want to lose more readers than absolutely necessary.

But the simple truth is that mankind only wakes up when;
The police bring their kid home.
When Hitler crossed the border.
Or when their ship sails off the edge of the earth.

The human brain is conditioned to only understand what it can comprehend, and that is a limitation for many. That is why a flat earth makes sense to many.

It´s just hard to comprehend that a boat can float upside down, right? Especially if you have never gotten further in life than the nearest beach.

Some might wonder why I am using the flat earth reference, well that is because I think it´s the gentlest example I can give showing the limitations in comprehension.

I mean I could use the example of people believing that the world is a loving place, or that we are not the gender we were born with but the gender we choose to be. But those are a lot harder to explain and will cause off-topic discussions.

The Flat Earth Theory

Hence the flat earth conspiracy seems like the best option because some of us must have thought that the earth was flat at some point in our childhood.

And some of us still do....
Just like some of us still think that the monetary system we have in place is normal. While others think it´s actually a good system.

I have to agree that it beats the previous systems.

Trading a cow for eggs was really horrible, I had to chop up that cow just a little for 2 eggs, so I removed an ear. Then the next day I wanted an omelet so I cut off a cheek. And that weekend grandma wanted to make the family an egg and potatoes tortilla so I cut off a leg and got a dozen eggs.

The next day the cow died from blood poisoning and I had to eat all my life savings in less than a week.

The thing is we went, from trading goods, to using pretty shells, then using silver and gold, and ending up using paper money owned by a centralized distributor.

We might have gone one step too far, but at first, that paper money was backed by silver and gold. That made it easier to use and still have value.

Then some wiseguy understood that the paper money had become so big that the human mind could not comprehend it was backed by gold. The masses did not object as they could not comprehend the impact, and so they started exchanging worthless paper for goods and services.

The weirdest thing, everyone thought that was normal, just as way, way back everyone thought it was normal that the earth was flat.

It took a very long time for most brains to be able to comprehend a round earth. I think it will take less time for most human brains to grasp the idea that the paper they use to get goods and services is nothing more than nice thick toilet paper with a similar value.

Monetary System

A monetary system is only needed to exchange goods, and as a temporary store of value.
It should not have an intrinsic value. We saw that did not go well with gold, with people grinding off the edges until the coin got paper-thin.

The monetary system should not be owned, it might need a little governance, but all changes need to be public and transparent. And it will need an agreed supply that can not be exceeded.

On top of that, a nice to have would be that it´s easy to ship around the world, as you don´t want it to fall out of your pockets when you are sailing upside down.

Now of course I am no Michael Saylor, but I think I made the point. The thing is, that right now that is where we are. The point is made.

Wen Mass Adoption

Like I said it took mankind centuries to come to terms with the idea that the Earth was not the flat pancake at the center of the universe, and still some struggle.

The first globally useful alternative for fiat has just been introduced.

As America seems to have the highest concentration of flat earthers, competing for #1 with Brazil, I will use it as the adoption example.

Over the past few years, the number of Americans who own cryptocurrency has climbed steadily, according to a survey of 2,059 participants that Finder commissioned. From about 7.95% of Americans owning cryptocurrency in 2018, the percentage rose to 14.4% in 2019 and 23.16% in 2021.

Although millennial investors seem to be leading the way, other age groups are paying attention. Research from deVere found that 70% of its clients over age 55 either planned to buy such digital assets in 2021 or already had done so.

That is a very positive pov, but there is still a difference between owning and adopting. Secondly, let me say it might not be Bitcoin but the next better thing that will be the new Monetary Standard.

For now, let´s assume it is BTC, and we have 20% of the world holding some. That was the easy part, those were the people whose brains were able to comprehend the fact that flat(not backed by gold) fiat made no sense.

But they are only the people on the right side of the bell curve.

And the fact that they own BTC does not mean they would automatically adopt it as the new monetary system.

Wen Mass Adoption?

Some might say this is accurate;

Others might prefer;

I will go with:

Crypto Adoption = Mobile Usage

Basically, the usage is as common as a mobile phone, or the internet. While my stepmom still does not get her mobile phone completely she is at least holding one.

Let´s stick with the Mobile Phone. The first commercial phone was the Motorola DynaTAC 8000x released to the market in 1983. My Stepmom got her first mobile 5 years ago in 2018. It took 35 years to get mass adoption and this is a phone, not a whole new monetary system.

Hence the slap in the face I mentioned at the start of the article, yes you might no longer remember but you have TikTok to blame for that.

With a good slap in the face, which would be a nice fresh crash of fiat it could come in the next 8 years. And the signals are there, the current fiat system has gotten out of control, and there will be a great reset. But not the one that The Great Reset is talking about.

If due to some economic magic the Fiat system does not collapse in the next 8 years I think 35 years would be about right, 2009 + 35= 2044.

That does not mean that by 2044 everyone will believe that the earth is not flat, there will still be people calling to go back to the flat fiat days. It will be the extreme left side of the bell curve, the brains that can not handle change.

While it will be people like Elon paving the way, convincing a broader audience that Fiat is Flawed.

People all around the GLOBE will grow used to the new monetary system, and like every manmade system it will not be perfect. But it definitely will beat exchanging goods and services for centralized toilet paper.

Bikini Bottom Line

There will always be people going against the current, sometimes they are visionaries & sometimes they are left behind due to a lack of comprehension.

There is no reason, other than because everyone does it, to continue using toilet paper. That is obvious and will only become more obvious as there is no way to put Pandora back in the box and back our toilet paper with gold again.

If mankind gets a slap in the face, he/she/it will soon wake up from the comfortable sleep it has gotten used to. If not slapped mankind will not see. Mankind rather watch dumb TV shows, fake news, or bloody computer games, than use their brains.

Hence mass adoption will come, because the improvement is eminent and the toilet paper alternative will not hold up.

The timeline depends:
It will not happen this bull run, because the required slap, the required huge economic collapse would end this cycle in no time.

If we get the expected economic collapse it can be in 4 years.

If we need to wait till my stepmom understands crypto or till all boomers are buried, it will take another 20 years, and that Dear Reader is the bottom line.

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Thank goodness you made it till the end Pees, Love and I am out of here!

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[Source Pic](All pics by MYI & AI unless watermarked or mentioned)

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