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2026-03-03 09:42:26 UTC

verbiricha on Nostr: The TAM for a cash-final, high-responsibility & trustless money system is really tiny ...

The TAM for a cash-final, high-responsibility & trustless money system is really tiny and I'm sorry to say that the world isn't moving towards a cypherpunk utopia. Self-Sovereignity is exhausting and it takes a special kind of person to fully embrace it. Thinking that everyone will use Bitcoin and self-custody is like expecting everyone to be a prepper and build a bunker. Trust & convenience are features of civilization, not a bug. My pragmatic opinion is that Bitcoin is an insurance policy against the system's total failure, not a credible alternative.

Sometimes I feel like a fraud who advertises a revolution that never happened.

Bitcoin didn’t accomplish anything significant, at least not compared to the expectations everyone had more than a decade ago.

The price went up, the institutions coopted it, but we still pay with our cards.