Actually bitcoin is more dead now than it was in 2013 - if your metric is real world use of the protocol. For example buying coffee with bitcoin. Or using it somewhere where it isn’t just turned immediately back into fiat by a 3rd party providing effectively a convenient “sell the bitcoin on Coinbase then pay with fiat” service.
Bitcoin is a speculative bubble and not much else.
The only hope it has is to be adopted as a reserve currency (not just legal tender) by many countries, and thus cement its value and then people will really be using it as a currency albeit on secondary layers, most likely provided by a number of centralised “PayPal-like” entities.
I don’t have faith in Lightning Network. Spend $50 to lock up $5000 where someone else can close you down and cost you $50 and you run around trying to find peers and be your own bank? No thanks.
So Bitcoin is a call option on this “hyperbitcoinisation” and anything less means it’s completely dead or just an occasional decentralised ponzi.
Bitcoin is a speculative bubble and not much else.
The only hope it has is to be adopted as a reserve currency (not just legal tender) by many countries, and thus cement its value and then people will really be using it as a currency albeit on secondary layers, most likely provided by a number of centralised “PayPal-like” entities.
I don’t have faith in Lightning Network. Spend $50 to lock up $5000 where someone else can close you down and cost you $50 and you run around trying to find peers and be your own bank? No thanks.
So Bitcoin is a call option on this “hyperbitcoinisation” and anything less means it’s completely dead or just an occasional decentralised ponzi.