Sorry (not sorry), but it’s not Brian Armstrong’s job to manage expectations about anything for anyone living in the information age. Armstrong came out in a Bloomberg interview sounding like it’s his job to keep people’s hopes and dreams about Bitcoin based in reality. It’s not. We like and respect Brian Armstrong, but that’s not his or anyone’s job.
If you really want to know where the markets for Bitcoin and blockchain (and a host of altcoins and sh!tcoins) are, DYOR, do your own research.
At the heart of Bitcoin is proof of work, and that means for everyone. Trust us. It’s worth it. For miners, it’s their financial skin in the game. For we crypto enthusiasts, it’s the work we do to understand cryptocurrency, engage with it and the community and advocate for it because we believe it’s the only path to true liberty.
If you’re not a good reader, get better at it. This is common advice but still good advice: read things you like until you like to read. Then read the more challenging stuff about cryptocurrency. Watch crypto YouTube videos, haunt crypto Twitter, and talk to people (like us) until you are comfortable in this world. Then work at staying comfortable because this is a dynamic place. Maybe that’s overly simplistic, but we can’t think of a better, easier way until we can upload information directly to our brains. As Teddy Roosevelt said so eloquently, “Nothing in the world is worth having or worth doing unless it means effort, pain, difficulty… I have never in my life envied a human being who led an easy life. I have envied a great many people who led difficult lives and led them well.”
To the point, Armstrong thinks that it’ll be “quite some time” before buying coffee with Bitcoin is the norm.
First, what’s quite some time?
Second, no it won’t.
We think people suffering under failed monetary policies in countries undergoing a crypto makeover will be noticed. In the past, these events were news, but there was nothing anyone could do. Now, there’s another option, and people in countries where fiat is still corroding their buying power year on year may not wait for their own crisis before moving to Bitcoin.