diehards indeed.
You make an interesting point about the liquid flow of Bitcoin. How will volatility change when there are more off-ramps (retail) to actually spend the currency?
As much as I hate the whole buy-a-cup-of-coffee cliche there are a lot of economic factors happening all at once that are very difficult to parse.
There seems to be a lot of jealousy in the space regarding Bitcoin due to its recent success comparatively to the altcoin market. People need to realize that a win for Bitcoin is a win for everyone in the long run.
I believe in order to be accepted by more merchants, scaling needs to be solved, be it on-chain (doubtful with BTC) or a second layer like LN. Until then, the unpredictable fees and transaction confirmation times make it tough for merchants to accept. Right now, most merchs accept crypto through middleperson companies like bitpay, which just converts the crypto to fiat on the spot.
I agree
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